BTC/XEL, BTC/XCN, BTC/ETH, BTC/XLM and ETH/XCN trading pairs are now available in Firefly Wallet for trading. You can start depositing and trading them now.
Bitcoin is the first decentralized digital currency that can be sent through the internet globally without using financial institutions like banks. The network is controlled by many of its users, instead of a few entities.
Ethereum is a public decentralized blockchain that provides peer-to-peer smart contracts, without the interference of third parties. This open source (transparent) platform hosts and distributes decentralized applications, thus connecting peers directly.
Elastic is an open-source project that aims to build the first decentralized supercomputer. Elastic has been developed over the last year or so and provides the infrastructure for a decentralized and distributed super computer, designed to carry out arbitrary tasks over the internet. In this context, Elastic is powered by a crypto currency (XEL) and provides a market-based mechanism to buy and sell computational resources. 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. The size of their reward depends on the amount of work a miner has contributed in relation to the rest of the miners that have also participated in the task. Using XEL as the driving force, Elastic offers potential buyers a large parallel computation cluster composed of many CPUs and GPUs supplied by the miners.
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