Buy iExec RLC (RLC)

iExec (RLC) combines blockchain technology with decentralized cloud computing to create a marketplace where users can trade unused computing power, applications, and data sets. This approach allows users to obtain cloud computing resources on demand, similar to traditional services from Google or Microsoft, but in a completely decentralized manner. Using blockchain technology, iExec ensures a transparent, secure, and reliable exchange of these resources.

One of the biggest advantages of iExec is the complete decentralization of cloud computing, eliminating the need for users to rely on a central authority. This reduces costs and makes cloud resources more accessible for both developers and businesses. For decentralized applications (dApps), iExec offers a scalable solution by making computing power available off-chain, offloading heavy computations that would otherwise slow down the blockchain. This significantly improves the performance and scalability of dApps.

iExec uses XtremWeb-HEP, an open-source desktop grid software that collects unused computing power worldwide and makes it available for dApps and other blockchain applications. This technology makes iExec a flexible and scalable solution that is suitable for both small developers and large enterprises.

Another important aspect of iExec is the Proof-of-Contribution (PoCo) consensus mechanism. This mechanism guarantees that the provided computing power actually meets the promised performance. Users who make their computing power available are rewarded with RLC tokens, which can be traded or used within the iExec ecosystem.

In addition, iExec offers a marketplace where dApps and data can be traded. Developers can purchase specifically tuned computing power for their applications. In addition, iExec has a dApp store and a data market, where dApps and datasets can be bought and sold.

Who founded iExec?

iExec was founded by Gilles Fedak and Haiwu He, both experts in desktop grid computing. Gilles Fedak, CEO of iExec, has a background in philosophy and computer science and was previously a researcher at INRIA, a leading French research institute. Haiwu He, co-founder and head of the APAC region at iExec, holds a Ph.D. in computer science and has worked as a professor and researcher in both France and China. The iExec team consists of six PhDs holders who work together to develop and improve the platform.

iExec offers several applications for both developers and end users:

• Scalable cloud computing for dApps: Developers can use iExec's computing power to perform heavy calculations off-chain, improving the performance of their dApps.
• Computing power marketplace: Users can rent or purchase unused computing power through the iExec marketplace, allowing them to generate revenue or purchase computing power affordably.
• Sale and purchase of datasets: Data owners can offer their datasets for sale, while developers can purchase these datasets for use in their applications.
• Earn Proof-of-Contribution (PoCo) rewards: Users can contribute their computing power to the network and be rewarded with RLC tokens, incentivizing participation.

iExec (RLC) operates through a decentralized network of computing power, supported by blockchain technology. This network enables the secure and transparent trading of cloud computing resources. iExec implements several advanced technologies and processes to achieve this.

XtremWeb-HEP

XtremWeb-HEP is the core technology behind iExec. This open-source desktop grid software collects unused computing power worldwide and makes it available for off-chain computation. This means that developers who need computing power, such as dApp developers can rent it via the iExec platform. XtremWeb-HEP supports multiple applications and users, and offers built-in features such as fault tolerance and security, making it a robust solution for decentralized cloud computing.

Proof-of-Contribution (PoCo)

The Proof-of-Contribution (PoCo) consensus mechanism is crucial to the security and reliability of the iExec network. This mechanism measures and verifies the contributions of computational power to ensure that the delivered performance meets the requirements. Users are rewarded with RLC tokens for their contributions, which provides a strong incentive to participate in the network.

RLC tokens and the marketplace

RLC is the native cryptocurrency of the iExec ecosystem and is used for all transactions within the platform. Users can earn RLC tokens by contributing computing power or purchase them via crypto exchanges such as Bitvavo. On the iExec marketplace, RLC tokens can be staked to purchase computing power, applications and datasets. The marketplace operates on a supply and demand basis, which ensures fair pricing.

dApp store and data market

In addition to the marketplace, iExec also offers a dApp store, where developers can offer their decentralized applications. Users can purchase and use these dApps, opening up additional opportunities within the iExec ecosystem. The data marketplace, while still in development, will be a platform where datasets can be traded, creating new opportunities for data ownership and usage within the blockchain space.

iExec distinguishes itself by the following unique features:

• Decentralized computing power marketplace: iExec provides a fully decentralized marketplace where users can buy and sell computing power without the need for a central party.
• Scalability through off-chain computation: Unlike many other blockchain projects, iExec enables heavy computations to be performed off-chain. This increases the performance and scalability of decentralized applications (dApps).
• Proof-of-Contribution (PoCo) mechanism: iExec introduces a unique consensus mechanism that measures and rewards the actual contribution of computing power by nodes on the network. This system guarantees that every contribution is fairly compensated with RLC tokens.
• Use of XtremWeb-HEP technology: iExec uses XtremWeb-HEP, an advanced open-source desktop grid software that pools unused computing power globally and makes it available to decentralized applications, providing an efficient and scalable solution.
• dApp store and data marketplace: In addition to the computing power marketplace, iExec offers a dApp store where developers can offer their decentralized applications, and a data marketplace where datasets can be traded.
• Commitment to blockchain-based cloud computing: While many projects focus on specific niches within blockchain, iExec is fully committed to developing a decentralized cloud computing ecosystem that maximizes the power of blockchain.

Buy iExec (RLC) at Bitvavo. Our platform is suitable for both novice and experienced traders. Follow these steps to buy RLC via our website or app:

1. Sign up or log in to your Bitvavo account.
2. Make a deposit by clicking "Deposit".
3. Go to the iExec (RLC) purchase page.
4. Enter the amount in euros you want to invest or the number of RLC tokens you wish to purchase and click "Buy".

The price of RLC coins is directly linked to the current market value. After purchase, the RLC tokens are automatically added to your Bitvavo account where you can easily manage and trade them. This allows you to respond quickly and effectively to market changes.

Want to store your iExec tokens safely? You can easily do so in your Bitvavo account. Bitvavo stores the majority of customer funds in secure offline cold storage. Although security measures are strict, we recommend enabling two-factor authentication (2FA) for extra security. This means that in addition to your password, you will also need to enter an additional code when logging in.

Most software and hardware wallets support the storage of iExec (RLC). Need to to send your RLC tokens to an external wallet? First verify the wallet address in your Bitvavo account, then you can quickly and easily send the tokens to an external wallet.