iExec is a trailblazer in the realm of blockchain-powered decentralized computing. It leverages blockchain technology to create a marketplace where individuals can turn their computing power, applications, and even datasets into monetary assets.
The platform offers on-demand access to cloud computing resources, enabling support for applications across various sectors such as big data, healthcare, artificial intelligence, rendering, and fintech. Founded on October 16, 2016, iExec aims to transform cloud computing by inventing a novel cloud computing model.
iExec utilizes XtremWeb-HEP, an open-source desktop grid software that supports features like multi-application handling, fault tolerance, multi-user capability, virtual image deployment, private infrastructure, data management, security, and more.
Who Are the Founders of iExec RLC?
The minds behind iExec RLC are co-founders Gilles Fedak, who serves as CEO, and Haiwu He, head of APAC. Gilles Fedak previously worked as a research scientist at INRIA, held a postdoctoral position at UC San Diego, and lectured at University Paris-Sud. He holds a Ph.D. in philosophy and computer science.
Haiwu He, on the other hand, was a professor at the Chinese Academy of Sciences before co-founding iExec. His experience also includes roles as a research engineer in innovation transfer at ENS Lyon, founding iRentCPU, working as a research engineering expert at INRA, and serving as an assistant professor at Hohai University. He has a doctorate in computing sciences.
Thus, iExec benefits from a team whose members have conducted INRIA and CNRS research in desktop grid computing.
What Makes iExec RLC Unique?
The iExec ecosystem consists of various computing resource providers known as iExec Workers. Users who wish to join as workers can link their machines and earn RLC tokens as compensation for their contributions to the network.
Application developers can monetize their algorithms, while data owners who possess crucial datasets can offer them for use through iExec. Additionally, the PoCo, or proof-of-contribution, consensus protocol validates off-chain computing contributions. This ensures that external resource providers have the usage of their resources verified on the blockchain.
iExec also facilitates distributed applications on the blockchain, known as DApps, by providing scalable, secure, and straightforward access to servers, datasets, and computing power. Operating on Ethereum, it enables a Virtual Cloud Infrastructure capable of delivering high-performance computing services on demand.
By supporting blockchain-based distributed apps, iExec promotes cost-effective, high-performance computing through a decentralized cloud framework, making machine access more manageable and significantly reducing the environmental impact of data centers.
How Many iExec RLC (RLC) Are There in Circulation?
iExec RLC (RLC) operates on the Ethereum network as an ERC-20 compliant cryptocurrency.
RLC can be stored, transferred, traded, divided, and used for transactions with ease and security.
How Is the iExec RLC Network Secured?
iExec addresses some of the Ethereum blockchain's limitations, including issues with scalability, privacy, and connectivity, through its platform.
To ensure high security, iExec has developed the Trusted Execution Environment (TEE).
TEE is a secure enclave within a machine's CPU designed to execute code safely. This ensures the code remains secure and unaltered, thanks to its hardware-level implementation.
This allows smart contracts to securely access data supplied by Web2 infrastructure.
Where Can You Buy iExec RLC (RLC)?
Top exchanges where you can trade iExec RLC include:
Bittrex
Uniswap V2
Binance
Upbit
VCC Exchange
HitBTC
You can find more options on our crypto exchanges page.
