Re: [ANN] [XEL] :: Elastic - The Decentralized Supercomputer ::
What competitor projects?
iexec, sonm, golem, dadi, aelf, dfinity, .. take your pick. All trying to achieve similar goal, albeit with different methods.
I only know some of those projects and they are not comparable to elastic. For example, SONM doesn't even have a whitepaper and they cannot explain how they pay the miners (Unanswered question: https://bitcointalk.org/index.php?topic=1845114.msg29159219#msg29159219 ).
Saying they are not comparable without any reasons isn't terribly convincing.
I'm not that into sonm, but I think you put up a security deposit as a "miner" (aka computation provider), not requiring proof of work.
I like iexec's solution of proof of contribution protocol for that particular problem: https://medium.com/iex-ec/about-trust-and-agents-incentives-4651c138974c.
I don't know iexec or what they call proof of contribution. Of course, this "proof of contribution" has to be some kind of "proof of work concept". Just giving it the name "proof of contribution" doesn't change this fact.
You are free to sell your XEL and buy iexec instead. There is no point in whining around here in the elastic thread.