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The iExec network consists of computing resource providers. These are referred to as iExec Workers. If users want to be these workers, they can connect their machines and receive RLC tokens in exchange for contributing their resources to the network.
Data providers who own valuable datasets can make them available for use through iExec, and application providers can monetize their algorithms. Then there's PoCo, or proof-of-contribution, which is a consensus protocol that provides consensus over off-chain computing.
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iExec RLC Token is the leading blockchain-based decentralised computing provider. Blockchain technology is used to create a market network in which people can monetize their computing power, applications, and even datasets. This is accomplished by offering on-demand access to cloud computing resources.
iExec RLC Token is based on work done by our team members at the INRIA and CNRS research institutes in the field of Desktop Grid computing since 2000. Over 80 scientific papers in top scientific conferences and journals have resulted from our breakthrough innovations in large scale data processing, data management, parallel computing, security and dependability, QoS technologies, and interoperability.
The iExec team was instrumental in the establishment of the European Desktop Grid Infrastructure, transparently executing millions of jobs on over 200,000 nodes and collaborating with organisations such as the Large Hadron Collider.
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The current price of iExec RLC Token is 676.69 INR, with a 24-hour trading volume of 39,595,756,115 INR. In the last 24 hours, iExec RLC has dropped 12.55%. CoinMarketCap currently ranks #117, with a live market cap of 54,182,726,453 INR. There are 80,070,793 RLC coins in circulation.
Because our open infrastructure can also work with a private pool of workers, iExec addresses both the edge and fog computing markets. By providing mutually beneficial and interdependent services, fog and cloud complement each other to form a service continuum between the cloud and things.
iExec actively participates in the development of standards and contributes to the creation of a framework. In the fields of fog and edge computing, this is a reference. To that end, iExec has joined the OpenFog Consortium, a thriving ecosystem of organisations united in the belief that fog computing is a critical enabler of IoT and other advanced digital concepts.
By constructing a decentralised cloud infrastructure, iExec will support the emerging class of blockchain-based distributed applications and enable cost-effective high-performance computing. External resource providers have the use of their resources certified on the blockchain as a result of this proof-of-contribution.
iExec envisions a new ecosystem of companies providing storage, computer farms, data providers, web hosting, and SaaS applications, all of which will transact with one another via iExec. The decentralised cloud will create new markets for the aggressive utilisation of existing computing infrastructures.
iExec assists smart contracts in overcoming Ethereum blockchain limitations such as scalability, privacy, and connectivity. TEE, or Trusted Execution Environment, was created by iExec to provide a high level of security. This is a secure area in the CPU of a machine that ensures code execution.
In other words, it ensures that the code cannot be tampered with because its logic is implemented at the hardware level. This ensures the security of exiting a smart contract to access information provided by the Web2 infrastructure.
iExec also provides scalable secure and easy access to servers, data sets, and computing resources to distributed applications running on the blockchain known as DApps, and because it all works on Ethereum, it allows for a Virtual Cloud Infrastructure that can provide high-performance computing services on demand.
As a result, iExec supports the emerging class of blockchain-based distributed applications while also enabling cost-effective, high-performance computing via a decentralised cloud infrastructure. A distributed cloud will allow for a significant increase in the environmental footprint of data centres by making machine access easier.
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