iExec RLC (RLC) Price

RLC

iExec RLC

4,0

★

$1.72

-2.02%

Today's Current Price in US Dollar

Market cap

124,601,519.0

Total volume

10,912,178

Circulating supply

72,382,548

Total supply

86,999,784

Buy / Long

Sell / Short

iExec stands as a pioneering platform in the realm of decentralized, open-source cloud computing, harnessing the power of the Ethereum blockchain. This innovative platform grants decentralized applications (dApps) the ability to seamlessly procure computing assets and resources from the iExec cloud on an as-needed basis. iExec has crafted a unique blockchain ecosystem that enables dApps to utilize affordable, high-performance computing offerings such as databases, server spaces, SaaS solutions, web hosting services, and extensive computer farms. Within the iExec framework, the RLC token serves as the cornerstone currency, facilitating access to the array of services available. “RLC” aptly stands for “Run on Lots of Computers.”

The command center of iExec is based in Lyon, France, under the leadership and vision of co-founders Gilles Fedak and Haiwu He, who respectively fulfill the roles of Chief Executive Officer and Director of the Asia-Pacific region. Spearheading technical innovation as Chief Technical Officer is Oleg Lodygensky. Gilles Fedak, a University of Paris Sud PhD graduate as of 2003, has also contributed to the scientific community as a research scientist with INRIA (Inventeurs du Monde Numerique) at the ENS in Lyon, France. Similarly, Haiwu has an impressive academic background with an M.Sc. and PhD from the University of Sciences and Technologies of Lille, France. The launch of their token sale on April 19, 2017, was a remarkable milestone, securing over $12 million in exchange for 86,999,784 RLC.

iExec has developed a groundbreaking approach to support dApps, smart contracts, and various platforms by relocating processor-intensive computations off the main blockchain. This strategic move ensures the seamless operation of on-chain activities. To achieve this, iExec employs XtremWeb-HEP, a sophisticated Desktop Grid Software offering an open-source solution for comprehensive computing. This form of Volunteer Computing aggregates spare computing resources, making them available for applications and platforms in need. According to the whitepaper published by iExec, XtremWeb-HEP is equipped with a wide array of functionalities necessary for global-scale deployment, including but not limited to fault tolerance, multi-application and multi-user support, hybrid public/private infrastructures, virtual image deployment, efficient data management, robust security, and accountability. This effectively allows dApps to leverage any computing resource within the iExec ecosystem for their computational requirements.

In delineating the project’s competitive edge, iExec’s whitepaper thoughtfully analyzes its position relative to other entities in the field. It is crucial to recognize that unlike decentralized cloud storage solutions such as Filecoin, Storj, and Siacoin, iExec does not directly compete with these platforms. Given its core function as a computational rather than a storage solution, iExec’s trajectory is distinct, though it possesses the potential to expand into similar territories as it evolves. Conversely, iExec distinguishes itself from decentralized computing projects like Golem and SONM, which focus on constructing a decentralized supercomputer through blockchain technologies. While their objectives might share certain similarities, they ultimately serve complementary, not competitive, roles in the broader vision of a decentralized, blockchain-driven web, emphasizing different aspects of technological advancement and dApp ecosystem sustainability.

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