What is iExec RLC (RLC)?

What is iExec RLC (RLC)?

iExec is a company that specializes in blockchain-based decentralized computing. They've created a market network where people can monetize their computing power, applications, and even datasets. On top of that, they offer on-demand access to cloud computing resources. Their platform is used in fields such as big data, healthcare, AI, rendering, and fintech. They were founded in 2016 with the goal of reinventing cloud computing by creating a new paradigm. To achieve this, they rely on an open-source desktop grid software called XtremWeb-HEP. This software has a lot of useful features, such as multi-applications, fault-tolerance, multi-users, deployment of virtual images, private infrastructure, data management, and security.

Who Are the Founders of iExec RLC (RLC)?

iExec RLC has a team of founders who have contributed significantly to the development of the platform. Gilles Fedak, the CEO and co-founder, has a background in research science, having worked at INRIA, UC San Diego, and University Paris-Sud. He holds a Ph.D. in philosophy and computer science. Another co-founder, Haiwu He, serves as the head of APAC at iExec. He has a Ph.D. in computing sciences and has worked as a professor at the Chinese Academy of Sciences, an innovation transfer research engineer at ENS Lyon, a research engineer expert at INRA, and an assistant professor at Hohai University. The platform is rooted in the expertise of these team members, who have conducted research in desktop grid computing at INRIA and CNRS.

What Makes iExec RLC (RLC) Unique?

The iExec network is comprised of computing resource providers, known as iExec Workers. Users can connect their machines to become these workers, and in return, they will be rewarded with RLC tokens for contributing their resources to the network. Application providers can monetize their algorithms, and data providers can make their valuable datasets available for usage through iExec. Additionally, there is a consensus protocol known as PoCo or proof-of-contribution that provides consensus over the off-chain computing, allowing external resource providers to have the usage of their resources certified on the blockchain. iExec also provides distributed applications running on the blockchain, known as DApps, with scalable, secure, and easy access to servers, data-sets, and computing resources. Since all of this works on Ethereum, it allows for a Virtual Cloud Infrastructure that can provide high-performance computing services on demand. This supports the emerging class of blockchain-based distributed applications and enables cost-effective, high-performance computing through a decentralized cloud infrastructure. By making access to machines easier, a distributed cloud will allow for a drastic increase in the environmental footprint of data centers.

How Is the iExec RLC (RLC) Network Secured?

To address limitations with scalability, privacy, and connectivity in the Ethereum blockchain, iExec provides a solution for smart contracts. Additionally, iExec has implemented a high level of security with TEE, or Trusted Execution Environment. This creates a secure area within a machine's CPU that guarantees the execution of code, preventing tampering due to the implementation of its logic at a hardware level. As a result, accessing information provided by the Web2 infrastructure while exiting a smart contract is secure.

Conclusion

In summary, iExec RLC has established itself as a major contender in the field of decentralized computing. By prioritizing security, scalability, affordability, and sustainability, this digital currency provides an attractive option for developers and enterprises alike. Given the rising need for dependable and decentralized computing resources, iExec RLC is well-positioned to influence the evolution of the industry in a significant way.