iExec (RLC) is a Blockchain-based distributed cloud platform built on Ethereum. The stack technology is designed to support direct distributed applications. Although they are building desktop infrastructure, they initially focused on leveraging an existing distributed computing network in Stimergy, installing server racks and energy recycling systems in buildings.
iExec will also build functions to contribute and access off-chain resources, including data and services. The go-to-market strategy will focus on a product called E-Fast, a platform for complex financial calculations to support traders. The team consists of researchers at organizations focused on large-scale distributed computers.
Features of iExec RLC
Proof of Concept: Dropbox, Google Drive, iCloud – all succeed in a centralized model. In the decentralized space, iExec’s only rival is Siacoin, however, they are built on separate platforms and iExec is backed by Ethereum, so both have success in parallel.
Innovation: Through their blockchain-based cloud, they plan to rent computing resources (CPU, memory, GPU.
Other investors: investors have gathered some resources from many websites and most people are investing early in iExec taking advantage of low costs. In addition, some people have sold Golem and Siacoin to iExec. Many believe that they are very diversified and are an investor on all 3 and plan to maintain Saicoin and GNT.
The growth chart has been very stable for RLC.
Team
IExec’s core team consists of 6 PhDs, 4 of whom have been working in cloud computing since the early 2000s.
The four are Gilles Fedak, Haiwu He, Oleg Lodygensky, and Jean-Charles Cabelguen, all of whom have experience working at INRIA and CNRS. iExec is the product of their collective experience, and after Gilles Fedak discovered Ethereum in 2016, the team found a solution to the problem they have been debating since 2012: how to create A distributed cloud-based on Desktop Grid.
Therefore, iExec was born, and the group has made steady progress in fulfilling their goals ever since. They maintain an active GitHub, updating it consistently with results derived from their workforce, including iExec’s software development kit in November 2017.
Products
iExec Marketplace
iExec introduces a new paradigm for cloud computing. Cloud resources can be traded on a global market, like any other commodity. Instant access to a large capacity of computing power from the provider offering the best rate.
iExec SDK
iExec offers CLI and JS libraries for developers. Execute ‘off-chain’ computations through overcome Ethereum scalability issues and the iExec decentralized cloud.
Dapp Store
Decentralized applications powered by iExec are featured on the Dapp Store. Developers can monetize their dapps and increase their visibility, while users can execute these applications thanks to the marketplace.
Data Wallet
Data providers can monetize their valuable datasets or AI models dataset
Conclusion
In short, the iEXEC RLC cryptocurrency is built on the foundation of blockchain technology that was born with the goal of creating a network of suppliers that form the Virtual Cloud infrastructure.
The iEXEC RLC cryptocurrency is said to be very potential because of its safety, scalability and efficiency for data security and services. Investing in iEXEC RLC is expected to be profitable. However, this is a virtual currency so the investment is difficult to avoid risks. To minimize risks, you need to carefully study the information to be able to bring the highest investment efficiency.
You can check RLC price here.
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