About Elastic (XEL)
Market Capitalization$31.69 million
Coin or TokenCoin
Number of Exchanges2
Official Website (Alt)N/A
Message Board (Alt)N/A
Blockchain Explorer (Alt)N/A
Elastic (XEL) Frequently Asked Questions
What is Elastic?
Elastic is an open-source project that provides the infastructure for a decentralized supercomputer. r, designed to carry out arbitrary tasks over the internet. Those who need computational resources, model their problem using Elastic’s programming language (Elastic PL) and broadcast it on the network, along with a certain amount of XEL coins. The Elastic miners are then motivated to offer their computational resources in exchange for a portion of those XEL coins. Elastic offers potential buyers a large parallel computation cluster composed of many CPUs and GPUs supplied by the miners. The network is powered by its own PoW cryptocurrency (XEL) and provides a market-based mechanism to buy and sell computational resources. (Description provided by CryptoCompare)
What exchanges can I buy or trade Elastic on?
Elastic can be purchased or sold on the following cryptocurrency exchanges: Bittrex and Heat Wallet.
How do I buy Elastic?
It is not possible to buy most cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum and Litecoin can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance or Changelly to purchase other cryptocurrencies, including Elastic.
Where can I get Elastic wallet?
Elastic produces its own wallet software that is available for download on its website, which allows you to store Elastic on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano S. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Jaxx or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is the value of Elastic?
One Elastic (XEL) is currently worth $0.35 on major cryptocurrency exchanges. You can also exchange one Elastic for 0.00003872 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Elastic in U.S. dollars is $31.69 million.
How do I mine Elastic?
Elastic can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a Elastic and access to a mining pool that pools your effort with other miners and a wallet to store the Elastic that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.
What is the Reddit page for Elastic?
The official Reddit community (subreddit) for Elastic is r/XEL.
MarketBeat Community Rating for Elastic (XEL)MarketBeat's community ratings are surveys of what our community members think about Elastic and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.
Elastic (XEL) Price Chart for Sunday, April, 22, 2018
Elastic (XEL) Search Trends
There is a correlation between price appreciation and public interest in cryptocurrencies, such as Elastic. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Elastic Coin" over the last 90 days.
Elastic (XEL) News Headlines