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iExec is a decentralized computing platform on Ethereum, offering off-chain computing for blockchain apps. It uses RLC tokens for transactions, enabling users to buy/sell computing resources, aiming to enhance cloud computing with privacy and efficiency.
iExec is an innovative decentralized computing platform designed to provide scalable and secure off-chain computing resources for blockchain applications on the Ethereum network. By monetizing computing power, applications, and datasets, it establishes a market where users can efficiently rent these resources using the RLC token, an ERC-20 compliant token. The platform addresses high computational demands in areas like AI research, big data analysis, and 3D rendering, offering a cost-effective alternative to traditional cloud computing services. Founded by Gilles Fedak and Haiwu He in Lyon, France, iExec employs XtremWeb-HEP technology to pool unused global computing capacity, thus enhancing dApp scalability. With a successful token sale in 2017, raising over $12 million, iExec continues to pioneering cloud decentralization. The RLC token, active in over 158 markets, underpins its innovative ecosystem, shedding reliance on traditional storage competitors by focusing on sustainability and growth of decentralized applications within the web3 and blockchain space.
iExec is an innovative decentralized computing platform designed to provide scalable and secure off-chain computing resources for blockchain applications on the Ethereum network. By monetizing computing power, applications, and datasets, it establishes a market where users can efficiently rent these resources using the RLC token, an ERC-20 compliant token. The platform addresses high computational demands in areas like AI research, big data analysis, and 3D rendering, offering a cost-effective alternative to traditional cloud computing services. Founded by Gilles Fedak and Haiwu He in Lyon, France, iExec employs XtremWeb-HEP technology to pool unused global computing capacity, thus enhancing dApp scalability. With a successful token sale in 2017, raising over $12 million, iExec continues to pioneering cloud decentralization. The RLC token, active in over 158 markets, underpins its innovative ecosystem, shedding reliance on traditional storage competitors by focusing on sustainability and growth of decentralized applications within the web3 and blockchain space.
iExec is a decentralized computing platform that facilitates off-chain computing tasks using the Ethereum blockchain. It organizes a marketplace for users to monetize their computing power, applications, and datasets. The platform aims to provide scalable, secure, and easy-access computing resources for blockchain applications, thereby fostering a new cloud computing ecosystem. By leveraging blockchain, iExec ensures privacy and security while enabling transactions with its ERC-20 compliant RLC token, making it beneficial for applications requiring high computational power like AI and big data analysis.
To use iExec, you need to engage with its marketplace, where you can rent or monetize computing resources including servers, databases, and web hosting. The platform is designed to facilitate on-demand access to computing power for decentralized applications (dApps), enhancing their performance and reducing costs compared to traditional cloud services. Users must possess RLC tokens to participate in transactions on the platform, ensuring efficient allocation of resources and supporting a wide range of computationally intensive applications.
iExec offers several benefits for computing resource needs, including decentralization, enhanced security, and privacy. It provides a cost-effective solution compared to traditional cloud services, allowing users to monetize or rent computing power efficiently. The platform's capability to handle intensive tasks like AI research, big data analysis, and 3D rendering makes it an attractive choice for developers. Additionally, iExec's use of RLC tokens streamlines transactions and resource management within its network, promoting sustainable and efficient dApp development.
iExec distinguishes itself from decentralized storage platforms like Filecoin and Storj by focusing on computing rather than storage. It competes with decentralized computing protocols such as Golem and SONM but stands out by prioritizing efficient and sustainable dApp development. Utilizing XtremWeb-HEP, iExec pools unused computing resources globally, offering hybrid public/private infrastructure deployment and other advanced features, making it a robust choice for managing computing resources compared to its counterparts.
RLC tokens are vital to the iExec ecosystem, serving as the medium for transactions between users seeking to buy or sell computing resources. As an ERC-20 compliant token on the Ethereum blockchain, RLC facilitates secure and efficient exchanges within the iExec marketplace. With a circulating supply of approximately 72.38 million tokens, RLC is essential for accessing iExec’s services, supporting the functionality of decentralized applications by enabling them to efficiently manage their resource needs.
iExec ensures security and privacy through its decentralized nature, leveraging blockchain technology to manage transactions and resource allocations transparently and securely. This approach minimizes risks associated with centralized control, providing users with enhanced data protection. Furthermore, iExec employs advanced protocols like XtremWeb-HEP for off-chain computations, maintaining blockchain functionality while safeguarding user information. These measures make iExec an attractive platform for developers requiring a high level of privacy and security for their applications.
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