iExec RLC (RLC)

Introduction:

iExec RLC (RLC) stands at the forefront of blockchain-based decentralized computing, revolutionizing the traditional landscape of cloud computing. Launched on October 16, 2016, iExec aims to reinvent cloud computing by creating a new paradigm that leverages blockchain technology to organize a market network for monetizing computing power, applications, and datasets.

Key Features of iExec RLC:

Decentralized Cloud Computing:

iExec provides on-demand access to cloud computing resources through its decentralized network. This empowers users to monetize their computing resources in various fields, including big data, healthcare, AI, rendering, and fintech.

XtremWeb-HEP Open-Source Software:

iExec relies on XtremWeb-HEP, an open-source desktop grid software. This software implements features such as multi-applications, fault-tolerance, multi-users, deployment of virtual images, private infrastructure, data management, and security.

Proof-of-Contribution (PoCo):

The consensus protocol, PoCo, ensures consensus over off-chain computing. It certifies the usage of external resource providers' resources on the blockchain itself. Users who contribute their computing resources, known as iExec Workers, are rewarded with RLC tokens.

Monetization for Application and Data Providers:

Application providers can monetize their algorithms, while data providers with valuable datasets can make them available for usage through iExec. This creates a marketplace where contributors are incentivized with RLC tokens.

Distributed Applications (DApps):

iExec supports distributed applications running on the blockchain, known as DApps. These DApps have scalable, secure, and easy access to servers, datasets, and computing resources. As it operates on Ethereum, iExec enables a Virtual Cloud Infrastructure for high-performance computing services on demand.

Environmental Impact:

By making access to machines easier, iExec contributes to the creation of a distributed cloud that can significantly reduce the environmental footprint of traditional data centers.

Token Information:

iExec RLC (RLC) is a cryptocurrency built on the Ethereum platform. RLC is ERC-20 compliant, ensuring easy and secure storage, transfer, trade, and division of the digital asset. Users can utilize RLC tokens to make transactions within the iExec ecosystem.

Conclusion:

In summary, iExec RLC is reshaping the landscape of cloud computing by providing a decentralized and incentivized network for computing resources. With features like XtremWeb-HEP, PoCo, and support for DApps, iExec not only enables efficient and cost-effective computing but also addresses environmental concerns associated with traditional data centers. As a pioneer in blockchain-based decentralized computing, iExec RLC continues to contribute to the evolution of the digital economy.