iExec RLC's Potential

iExec RLC's Potential

What Defines iExec RLC (RLC)?

At the forefront of decentralized computing lies iExec, pioneering blockchain-based solutions. It ingeniously orchestrates a marketplace leveraging blockchain to harness computing power, applications, and datasets, fostering an ecosystem of innovation.

Its cornerstone lies in granting on-demand access to cloud computing resources, empowering applications across diverse domains: from big data and healthcare to AI, rendering, and fintech. Established on Oct. 16, 2016, iExec embarked on a mission to redefine cloud computing, heralding a new paradigm.

Central to its architecture is XtremWeb-HEP, an open-source desktop grid software. Laden with features like multi-application support, fault tolerance, and data management, iExec revolutionizes cloud computing, offering security and versatility.

Who Pioneered iExec RLC?

Gilles Fedak, the CEO and co-founder, spearheads iExec RLC. Prior to this endeavor, he traversed academia and research, delving into philosophy and computer science. Haiwu He, the co-founder and APAC head, brings a wealth of experience from academia and research, culminating in a Ph.D. in computing sciences.

iExec stands on the shoulders of researchers from INRIA and CNRS, pioneering advancements in desktop grid computing.

What Sets iExec RLC Apart?

The essence of iExec lies in its network of computing resource providers, aptly named iExec Workers. These individuals contribute their machines and are duly rewarded with RLC tokens. Application providers and data owners also find solace in iExec's platform, monetizing algorithms and datasets seamlessly.

Underpinning this ecosystem is PoCo (proof-of-contribution), a consensus protocol ensuring the integrity of off-chain computing. Through this protocol, external resource providers find validation on the blockchain itself.

Moreover, iExec facilitates DApps (distributed applications) running on the blockchain, offering scalability and security. Operating on Ethereum, iExec heralds a Virtual Cloud Infrastructure, ushering in an era of high-performance computing on demand.

Fueling the rise of blockchain-based distributed applications, iExec fosters cost-effective, high-performance computing, all within a decentralized cloud infrastructure. By simplifying access to machines, iExec paves the way for a greener footprint in data centers.

What's the Circulation of iExec RLC (RLC)?

iExec RLC (RLC) emerges as a cryptocurrency on the Ethereum platform, adhering to ERC-20 standards. Its versatility extends to storage, transfer, trade, and transactions, offering a seamless experience.

How Does iExec RLC Ensure Network Security?

Addressing Ethereum's limitations, iExec fortifies smart contracts with enhanced scalability, privacy, and connectivity. At its core lies TEE (Trusted Execution Environment), ensuring secure code execution within a machine's CPU. This hardware-level implementation guarantees tamper-proof code, securing access to Web2 infrastructure and beyond.