About XEL
Market Stats
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Additional info about XEL
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XEL vs markets
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XEL vs ETH
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Tags
Network & Addresses
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Today | $0.00 | NaN% |
1 Day | $0.00 | 0.00% |
1 Week | $0.00 | 0.00% |
1 Month | $0.00 | 0.00% |
1 Year | $0.00 | 0.00% |
FAQ
XEL (XEL) is a decentralized computing platform that performs computations on demand. The XEL project began in April 2016. The platform aims to run a wide range of tasks that require computational resources in a distributed P2P (peer to peer) manner. Being an open-source project, XEL wants to revolutionize how computing power is traded in today's global market. To achieve this, XEL is working on a decentralized, trustless supercomputer using cryptography and blockchain technology.
As per the whitepaper, computer owners voluntarily donate their spare computing power to one or more research projects in traditional volunteer computing. In contrast, XEL offers an additional incentive to users by rewarding them with automated cryptocurrency payments in exchange for completed work. This solves the problem of traditional volunteer-computing networks that draw from scientific communities, who are typically selective about the projects they volunteer for.
XEL further plans to develop an open-source blockchain-based middleware solution for distributed computation of parallel computational tasks. There is a focus on the platform's long-term sustainability. This includes developing a platform independent of individuals, maintaining central infrastructure, and any ongoing funding. Blockchain technology, according to XEL, has the potential to achieve the goal. Because blockchain is a decentralized system, it provides a layer of robustness. Blockchain also allows XEL to rethink how they can create systems from the ground up.
XEL is the native cryptocurrency that formulates the backbone of the XEL platform. XEL provides a market-based mechanism to trade computational resources. There are two ways to earn units of XEL cryptocurrency. First, users are rewarded for ongoing work on a problem. Second, users are rewarded for finding a solution to the problem.
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Social stats
Popularity in posts
#1101
Contributors
85
Posts
165
% About XEL
0.034%
Articles
1
Hold times
0 days
X (Twitter)
46.82% bullish
Sentiment
67 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
85 unique individuals are talking about XEL and it is ranked #1,101 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, XEL has an average sentiment score of 67 out of 5. Finally, XEL is becoming less newsworthy, with 1 news articles published about XEL.
On Twitter, people are mostly bullish about XEL. There were 56.74% of tweets with bullish sentiment compared to 21.18% of tweets with a bearish sentiment about XEL. 43.26% of tweets were neutral about XEL. These sentiments are based on 63 tweets.
On Reddit, XEL was mentioned in 12 Reddit posts and there were 1 comments about XEL. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.