Topic: [ANN][XEL] Elastic Project - The Decentralized Supercomputer - page 330. (Read 450549 times)

Thanks for the quick info.

An entire campaign without any bounties? don't you want to tie the community to this initiative? reward us and we will start the much needed hype for your project

On the surface it will "feel" like mining: people invest computational resources and get Elastic Coins in exchange.
The central idea is, that scientists, researchers or anyone else who needs computational resources can "submit" his task to the network, pay a certain number of ELC, and have it calculated. Elastic basically provides a cryptographically secure method to make sure that the "scientist" gets his work done correctly and that the "miners" or "workers" (i call them this for now) get paid for the work they have done. All without a third party and all entirely secure.

So basically Elastic is a network where computational power can be used by other people such as researchers and scientists etc?

Interesting.  Will be watching closely and maybe investing. 

Nice site i like the thought that ICO-s r gathered in one place, just make the site more readable, i mean those coins graphics r to big, maybe if u make something more table vise would be better . good job btw.

i wish all luck to dev,
invest some today

Elastic added to http://icocountdown.com never miss a crowdsale again!

Can someone explain when this ICO opens/closes I would like to list it on http://icocountdown.com

After I finish the UI for the proof-of-stake information I will begin to work on the new transaction type that is required to broadcast "user supplied work packages" to the network parallely to the literature research concerning the verifiable computation.

Until block 425920 for bitcoin.

When does the ICO expected to be over?

Outstanding work!
I have read through your other articles as well: you consistently bring your all and I truly appreciate that.

What I also just thought of, some news section on the website would be also great so people can follow the current status of the development. Right now people must scroll through this entire thread and search for the relevant postings 

Well, the website is written in NodeJS with Express and Jade, which in my opinion is an overkill but it's just the way it is.
I think there are still some open things to do, for example a "Reward Calculator" so people can calculate their estimated ELC they get for a donation, and also the FAQ section would need some input. Maybe a visual explanation how to donate and how to backup the private keys. This is the first thing that comes to my mind. I am sure there are also other things that could be done.

Whats the website basis ? Html5/css/JS/nodeJS ? what would you like to be done ?

Not too lazy, just didn't see anything about the ICO mentioned in the OP. If I had I would not have posted. Are you being paid to bad vibe this thread?

Thanks for the update.
I'd love to hep you out with anything related to graphics.

Plus, I don't really care about the reward

First of all, I got the flu so I was off for the last few days.

Just wanted to let you know that I am constantly working on the parts that I have decided to focus on and that I will try to give a detailed status update by tomorrow. I have made a huge progress regarding the base client with its PoS blased mini-blockchain scheme. I think we can safely assume this part to be finished, even though I will start a development branch on Github implementing Dazza's scheme: i still like it more than mine. Currently we just have a regular NXT based PoS scheme which is combined with Cryptonites mini-blockchain scheme and so is a novelty on its own.

Anyway, we have a fully working basis now which we can use to develop and evaluate the verifiable computation part which is essentially the core aspect of this coin. For those of you who didn't follow the entire thread: verifiable computation is required so the network can verify quickly (and reliably) that a miner has actually performed a certain amount of work on an arbitrary algorithm without actually performing the complex calculation itself over and over again.
Basically, Miners get rewarded for contributing computation power to solve complex tasks, and everyone else can verify that quickly and efficiently.

Now I will have to deal with the omnipresent faster algorithm attack (FAA)


Just curious: Is anyone of you guys willing to work on the website? The FAQ section needs some input urgently.
I personally do not want to get paid at all as I am totally behind the open source idea but if you ask Lannister I am sure he will agree on rewarding you properly to do so.