iExec RLC (RLC)
iExec is an open-source, decentralized cloud computing platform that leverages the Ethereum blockchain to provide on-demand access to computing resources for decentralized applications (dApps). It offers a framework where dApps can utilize cost-effective, high-performance resources such as servers, databases, SaaS applications, web hosting, and computer farms. The platform's native cryptocurrency, the RLC token, is primarily used for accessing services within the iExec infrastructure.
History of iExec
iExec was founded by Gilles Fedak and Haiwu He, who currently hold positions as Chief Executive Officer and Head of the Asian-Pacific Region, respectively. Oleg Lodygensky serves as the Chief Technical Officer. The company is headquartered in Lyon, France. Gilles Fedak, an INRIA research scientist, completed his PhD at the University of Paris Sud in 2003, while Haiwu He earned his M.Sc. and PhD from the University of Sciences and Technologies of Lille, France.
| Ticker | RLC |
| Category | Artificial Intelligence (AI) |
| Website | http://iex.ec/ |
| @iEx_ec | |
| Telegram | iexec_rlc_official |
| https://www.reddit.com/r/iexec | |
| Contract Addresses | |
|---|---|
| ethereum | 0x60...75 Copied! |
| energi | 0xb4...2bCopied! |
| sora | 0x00...09Copied! |
iExec conducted its token sale on April 19, 2017, successfully raising over $12 million in exchange for 86,999,784 RLC tokens.
How iExec works
iExec supports dApps, smart contracts, and various platforms by offloading processing-intensive computations from the blockchain. This process ensures that the blockchain's on-chain functions operate efficiently. The platform utilizes XtremWeb-HEP, an open-source Desktop Grid Software, to facilitate this off-chain computing. Desktop Grid computing, also known as Volunteer Computing, pools unused computing resources, allowing applications and platforms to use them effectively.
According to iExec’s whitepaper, XtremWeb-HEP provides essential features for global scalability, including fault-tolerance, support for multiple applications and users, hybrid public/private infrastructure, deployment of virtual images, data management, security, and accountability. By using this software, dApps can access any computing resource within the iExec framework to execute their programs.
The competitive landscape
In the competitive landscape, iExec distinguishes itself from decentralized cloud storage providers such as Filecoin, Storj, and Siacoin. While these platforms focus on storage solutions, iExec is a computing platform. It positions itself among decentralized computing protocols like Golem and SONM, although with a different focus. While Golem and SONM aim to build a decentralized supercomputer, iExec targets the development and sustainability of dApps. Both aim for a future where a decentralized internet is powered by blockchain technology, but their roles are complementary rather than conflicting.
The RLC token
The RLC token, abbreviated from “Run on Lots of Computers,” is the native cryptocurrency of the iExec platform. It serves as the primary asset for accessing services within the iExec infrastructure. Users utilize RLC tokens to tap into the vast computing resources offered by the platform, facilitating the execution and support of decentralized applications.
For more information, visit iExec's official website at http://iex.ec/.