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iExec RLC (RLC)
September 23, 2020
Published by Violet MC
iExec RLC (RLC) Review
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iExec defi token aims at providing decentralized applications running on the blockchain a scalable, secure and easy access to the services, data-sets and computing resources they need. This technology relies on Ethereum smart contracts and allows the building of a virtual cloud infrastructure that provides high-performance computing services on demand.
iExec defi token leverages a set of research technologies that have been developed at the INRIA and CNRS research institutes in the field of Desktop Grid computing. The idea of Desktop Grid (aka. Volunteer Computing) is to collect the computer resources that are underutilized on the Internet to execute very large parallel applications at the fraction of the cost of a traditional supercomputer. iExec relies on XtremWeb-HEP, a mature, solid, and open-source Desktop Grid software which implements all the needed features: fault-tolerance, multi-applications, multi-users, hybrid public/private infrastructure, deployment of virtual images, data management, security and accountability, and many more.
iExec is developing a new Proof-of-Contribution (PoCo) protocol, that will allow off-chain consensus. Thanks to the Proof-of-Contribution, external resource providers will have the usage of their resources certified directly in the blockchain.
iExec defi token leverages a set of research technologies that have been developed at the INRIA and CNRS research institutes in the field of Desktop Grid computing. The idea of Desktop Grid (aka. Volunteer Computing) is to collect the computer resources that are underutilized on the Internet to execute very large parallel applications at the fraction of the cost of a traditional supercomputer. iExec relies on XtremWeb-HEP, a mature, solid, and open-source Desktop Grid software which implements all the needed features: fault-tolerance, multi-applications, multi-users, hybrid public/private infrastructure, deployment of virtual images, data management, security and accountability, and many more.
iExec is developing a new Proof-of-Contribution (PoCo) protocol, that will allow off-chain consensus. Thanks to the Proof-of-Contribution, external resource providers will have the usage of their resources certified directly in the blockchain.
iExec defi token aims to deploy a scalable, high-performance, secure and manageable infrastructure sidechain that will promote a new form of distributed governance, involving key HPC, big data and cloud industry leaders. They believe in a future of decentralized infrastructure and market network, where big data and HPC applications, highly valued data-sets, and computing resources (storage, CPU, GPU) will be monetized on the blockchain with the highest level of transparency, resiliency and security – and iExec as the key platform powering this future.
Essential Information
| iExec RLC Price | $0.898093 USD |
| Token Name | iExec RLC |
| Token Symbol | RLC |
| iExec RLC ROI | 217.24% |
| Website Link | Home |
| Market Cap | $71,911,025 USD |
| Circulating Supply | 80,070,793 RLC |
| Whitepaper | Whitepaper |
| Market Rank | #118 |
More about iExec RLC (RLC):
The iExec defi token team was instrumental in establishing the European Desktop Grid Infrastructure, transparently executing millions of jobs on more than 200,000 nodes and working with organisations like Large Hadron Collider. We had been in constant relationship with key industrial companies like Total, Airbus, Orange, IFP Energy, as well as with innovative startups. From 2012 to 2014, Gilles Fedak, Haiwu He, Oleg Lodygensky and Mircea Moca were seeking solutions for implementing a distributed cloud based on Desktop Grid technology. A serious drawback was the lack of a mechanism to register and prove the contribution of participants of different natures: applications, datasets, computing resources and even human expertise. In 2015, Gilles Fedak discovered the Ethereum technology and first started to use smart contracts to implement distributed resource management. Today, we are confident that the conjunction of Desktop Grid computing and blockchain has the potential to disrupt the whole cloud, big data, and HPC economy.
Since the beginning of 2016, the core team has rapidly expanded to include blockchain hackers, business developers and marketing specialists. From a research project, iExec is now a company, whose headquarters are in Lyon, France, with a subsidiary in Hong Kong.
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iExec RLC (RLC) Scam or Not?
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