About iExec RLC (RLC)
iExec RLC is a decentralized cloud computing platform that operates on the Ethereum network. iExec enables access to "on-demand" cloud computing resources and technologies offered on the iExec cloud via decentralized applications. iExec was founded in 2016 to reinvent cloud computing by creating a new paradigm using blockchain technology. The network helps dApps utilize low-cost, high-performance resources, including servers, databases, Software as a Service application, web hosting, and computer farms. The $RLC token, the main asset utilized to access services within the iExec infrastructure, is a native cryptocurrency of iExec. RLC stands for Run on Lots of Computers. The current price of RLC is live-tracked on Binance.
iExec's blockchain technology allows users to convert their applications, datasets, and computing power into financial resources using iExec's marketplace network. iExec makes this possible by providing on-demand access to cloud computing resources. Currently, iExec supports applications in big data, healthcare, artificial intelligence, interpretation, and fintech.
iExec provides a wide range of cloud computing services similar to Amazon Web Services and Microsoft Azure but in a more decentralized manner. The core product of iExec supports providing on-demand access to computing power, data sets, and applications in a centralized network delivered by resource providers incentivized by tokenized rewards. While iExec competes with centralized cloud computing services, the project's ultimate goal is to move beyond traditional Web2-based systems and become a one-stop resource for blockchain-based cloud computing.
Decentralized web services do not have to depend on centralized computing solutions. iExec allows resource providers and users to participate openly in a flexible, scalable, and market-driven manner. As blockchain-based cloud services and smart contracts become increasingly complex, users will require more computing power than they typically have. iExec is designed to allow Web3 users to take advantage of the growing complexity and scale of these dApps without fear of losing data or other computational limitations.