Preface:🔔

RLC is the native cryptocurrency of the iExec platform and is used for transactions and payments on its decentralized cloud computing platform.

According to the latest #Binance market data, as of 00:27 on June 16, the price of RLC was $2.463. The data shows that $RLC its historical highest price was $16.2582 on May 11, 2021, while the historical lowest price was $0.1488 on December 16, 2018.

1️⃣What is RLC/iExec?

RLC coin is a digital asset in Ethereum that complies with the ERC20 standard and can be used safely and easily to store, transfer, trade and pay for various services and resource needs on the iExec platform.

iExec is a platform focused on running distributed applications (DApps) on the blockchain, providing scalable, secure and easily accessible services, data sets and computing resources. This means that developers can use iExec's infrastructure to perform a variety of large-scale parallel and distributed computing tasks.

2️⃣Project background:

iExec's technology is based on the mature technologies of the French National Research Institute for Computer Science and Automation (INRIA) and the French National Research Center (CNRS) in the field of desktop grid computing. The core idea of ​​desktop grid computing is to use the underutilized computing resources on the Internet to perform tasks equivalent to traditional supercomputers at a very low cost.

To achieve this goal, iExec relies on a mature, reliable and open source desktop grid software - XtremWeb-HEP. This software provides various functions required for desktop grid computing, including fault tolerance, support for multiple applications, multi-user environment, mixed public/private infrastructure, virtual disk image deployment, data management, security auditing, etc.

3️⃣RLC feature highlights:

Payment method: RLC tokens are used to pay for the use of computing resources and data sets on the iExec platform. Users can use RLC tokens to purchase the required computing power (such as CPU and GPU) and data services.

Incentive mechanism: RLC tokens motivate users to provide computing resources through a reward mechanism. Users can rent out their idle computing resources and receive RLC tokens as compensation.

Platform governance: RLC token holders can participate in the governance decisions of the iExec platform. Holders may vote on important matters such as platform upgrades and development directions, thereby influencing the future development of the platform.

Market Trading: RLC tokens can be traded on multiple cryptocurrency exchanges. Users can buy, sell or trade RLC tokens through these exchanges to gain liquidity in the open market.

Security and transparency: Since RLC tokens are based on the Ethereum blockchain and comply with the ERC20 standard, users can store, transfer and trade securely and transparently. Blockchain technology ensures the immutability and transparency of transactions.

Distributed computing support: RLC tokens support the decentralized computing function of the iExec platform. Users can use RLC tokens to publish and execute computing tasks on the platform, thereby utilizing distributed computing resources for large-scale data processing and high-performance computing.

Application Ecosystem: RLC tokens play an important role on the iExec platform, supporting the operation of various DApps and services on the platform. Developers can use RLC tokens to deploy and run their applications and promote the development of the platform ecosystem.

Proof of Contribution: The use of RLC tokens combined with the iExec platform’s unique Proof-of-Contribution (PoCo) mechanism ensures that computing resource providers are fairly compensated after completing tasks, while ensuring the effectiveness and security of off-chain computing.

4️⃣iExec future development plan:

◉ Research and development of artificial intelligence and large language models (LLMs)

◉ Research and development of privacy-enhancing technologies (PET)

◉ Development of iExec Oracle IDE

◉Privacy Pass campaign and second round of Worker Pass issuance

◉ Release of Dapp Store web interface

◉Questbook Bounty Season 3

◉Exec Web3 Incubator Season 3 and Season 4

◉Upgrade of PoCo consensus algorithm

5️⃣Summary:

As iExec continues to advance research and development in cutting-edge fields such as artificial intelligence, large language models, and privacy-enhancing technologies, and gradually launches more features and services, iExec's influence and application scope in the field of decentralized cloud computing will surely expand further in the future.

Through these continuous developments, iExec not only continues to make breakthroughs on the technical level, but also establishes a solid foundation in the market and ecosystem, providing users and developers with a promising computing platform.

iExec's success is not only the result of technological innovation, but also the result of the team's continuous efforts and market demand. With the gradual implementation of its future plans, iExec will surely occupy an important position in the future of decentralized cloud computing and become an important force in leading the development of the industry.