iExec RLC (RLC)

Last updated 19/09/2022

What Is iExec RLC (RLC)?

The pioneer in blockchain-based decentralized computing is iExec. Using blockchain, a market network may be established up where users can charge for their computing power, programs, and even datasets. The protocol achieves this by offering on-demand access to cloud computing resources. Applications in industries including big data, healthcare, AI, rendering, and fintech can be supported by IExec. On October 16, 2016, IExec was established with the intention of reinventing cloud computing through the development of a new cloud computing paradigm. In order to achieve capabilities like multi-applications, fault-tolerance, multi-users, deployment of virtual images, private infrastructure, data management, security, and much more, iExec depends on the XtremWeb-HEP, an open-source desktop grid program.

Computing resource providers make up the iExec network. We refer to them as iExec Workers. Users that connect their PCs and choose to act as these workers will receive RLC tokens in exchange for supplying resources to the network. The makers of applications can earn money from their algorithms, and the owners of valuable datasets can make them accessible to users with iExec. PoCo, or proof-of-contribution, is another consensus system that offers consensus over off-chain computing. The usage of external resource providers' resources is verified on the blockchain itself as a result of this proof-of-contribution.

IExec also offers scalable, secure, and convenient access to servers, data sets, and computing resources for distributed applications (DApps) that are running on the blockchain. Since all of this is possible on Ethereum, it enables a virtual cloud infrastructure that can deliver high-performance computing services on demand.

As a result, iExec supports the new class of distributed apps built on blockchain technology and offers low-cost, high-performance computing via a decentralized cloud architecture. A distributed cloud would enable a significant increase in the environmental footprint of data centers by facilitating quicker access to machines.

On the Ethereum network, there is a cryptocurrency called IExec RLC (RLC). RLC is a digital asset that complies with ERC-20, to be more precise. RLC can be used to conduct transactions as well as be simply and securely stored, transferred, exchanged, and divided.

Scalability, privacy, and connectivity issues with smart contracts on the Ethereum blockchain are all handled with the aid of IExec.

Team

Gilles Fedak is the CEO and co-founder

Prior to starting work on iExec, he was a research scientist with INRIA and had held postdoctoral positions at UC San Diego and ATER at University Paris-Sud. He holds doctorates in both computer science and philosophy.

Haiwu He is the co-founder and head of APAC

Before founding RLC he worked as an assistant professor at Hohai University, a research engineer expert at INRA, a co-founder of iRentCPU, a professor at the Chinese Academy of Sciences, and an innovation transfer research engineer at ENS Lyon. He holds a doctorate in computer sciences.

Roadmap

Where to store iExec RLC (RLC)

A trusted wallet provider for your iExec RLC (RLC) token could be Trust Wallet – a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place.

Similarly, a user-friendly option to keep your $RLC secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting to your MetaMask wallet.

On the other hand, if you are looking for a safe offline storage solution, we recommend the leading hardware wallet provider Ledger.

Atomic Wallet is a popular custodial wallet option that can hold a wide variety of cryptocurrencies such as RLC making it highly desirable for users who wish to have a varied portfolio.

All ERC-20 tokens including iExec RLC (RLC) can be stored on the Ethereum blockchain using MyEtherWallet, allowing users to interact with the network without additional software.

Where to buy and sell iExec RLC (RLC)

You can Buy & Sell iExec RLC (RLC) by heading over to the Buy Coins page of our website. IExec RLC (RLC) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $RLC has never been easier, simply place your order and provide your wallet address. Once your payment arrives iExec RLC (RLC) will be sent directly to your wallet.

If you choose to Sell iExec RLC (RLC) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.

IExec RLC (RLC) Resources:

Website: https://iex.ec/

Block Explorer: https://etherscan.io/

Twitter: https://twitter.com/iEx_ec

Medium: https://medium.com/iex-ec

Disclaimer: The information provided in this article is intended for informational purposes only. It is the reader's responsibility to complete their own research and due diligence.