iExec RLC rlc
Price $ 1.18
Volume $ 5,189,624.00
Volume / Market Cap 0.061
Circulating Supply 72,382,548.07
Total Supply 86,999,784.99
Max Supply 86,999,784.99
Market Cap $ 85,051,584.00
Fully diluted market cap $ 102,227,260.00
iExec is an open-source, decentralized cloud computing platform, running on Ethereum blockchain. iExec allows decentralized applications (dApps) an on-demand access to computing resources and technologies on iExec cloud. iExec has built a blockchain network where dApps can take advantage of cost effective and high-performance resources such as servers, databases, SaaS applications, web hosting and computer farms. iExec’s native cryptocurrency — The RLC token is the primary asset used to access services in iExec infrastructure. RLC is short for “Run on Lots of Computers.” iExec is headquartered at Lyon, France. It was founded by Gilles Fedak and Haiwu He, both are serving as Chief Executive Officer and Head of Asian-Pacific Region of iExec, respectively. Oleg Lodygensky is the Chief Technical Officer. Gilles Fedak received his PhD from the University of Paris Sud in 2003, and has been working as INRIA (Inventeurs du Monde Numerique) research scientist at ENS in Lyon, France. Similarly, Haiwu completed his M.Sc. and PhD from the University of Sciences and Technologies of Lille, France. On April 19, 2017, iExec launched its token sale and raised more than $12 million in exchange for 86,999,784 RLC. In order to support dApps, smart contracts, and their platforms, iExec takes processing-intensive computations off-chain so as to keep a blockchain’s on-chain functions running smoothly. To do this, iExec makes use of XtremWeb-HEP, an open-sourced Desktop Grid Software. Desktop Grid computing (also known as Volunteer Computing) pools unused computing resources to be used by applications and platforms, and according to iExec’s whitepaper, XtremWeb-HEP “implements all the needed features” to make this possible on a global scale, including “fault-tolerance, multi-applications, multi-users, hybrid public/private infrastructure, deployment of virtual images, data management, security and accountability, and many more.” Essentially, with this software, dApps can utilize any computing resource in the iExec framework to run their programs. In their whitepaper, the iExec team lays out the project’s competitive landscape and explains these competitors in relation to iExec. They’re quick to note that decentralized cloud storage providers like Filecoin, Storj, and Siacoin are not direct competitors, and it’s easy to see why. While iExec could theoretically take a step in this direction as it matures, it’s not a storage platform; it’s a computing platform. This does put it in competition with other decentralized computing protocols like Golem and SONM. Both of these, however, are taking aim at a different animal. Essentially, they’re both building a decentralized supercomputer on blockchain technology, while iExec is targeting dApp development and sustainability. Both look towards a future of a blockchain-powered, decentralized internet, but their functions, while sometimes similar, are more complementary than conflicting.
iExec RLC (rlc) Price Chart
RLC/USDT - RLC/BTC
This content is available only for our registered users.
Create a free account now!
Create a free account now!
Learn from our FREE Academy
Get started with the essentials on what blockchains are, how crypto works and how to start trading or investing.
Here you'll find a practical tutorial on how to trade on an exchange, along with an explanation of different order types.
NFTs & the Metaverse
Learn all about NFTs (Non-Fungible Tokens), virtual spaces and what they can enable.
News about iExec RLC
Ripple Adds Another Attorney From Kellogg Hansen to Its Legal Team in SEC Lawsuit
XRP Price Eyes Ultimate Explosion To New All-Time Highs If Ripple Takes Major Win Over SEC
Global Markets and Bitcoin on Macro Support, All Eyes on DXY
Bitcoin and Bonds, Are They Getting Out of Hand?
Kazakhstan Completes First Crypto Purchase With Local Currency, Eyes Regulation: Report
ETH stakers may consider sticking to their safety nets despite 5.5% APR jump
Don’t Miss Out on Other Similar Coins
UTU Coin (utu)
$ 0.0032713 + 54.37 %