Presentation and definition of the crypto-currency iExec RLC (RLC)

Presentation and definition of the crypto-currency iExec RLC (RLC)

  • Name of the crypto-currency : iExec RLC
  • Acronym : RLC
  • Where to buy iExec RLC ? Binance
  • Creation Date : April 2017
  • White paper of iExec RLC
  • Web Site iExec RLC

The technology iExec

The cloud decentralized

iExec offers technology of cloud decentralized and thus presents itself as the future of the internet. The cloud consists of pooling a set of computing resources : computers, hard drives,…

The Airbnb server

Its operation is based on the blockchain Ethereum. The project was launched in Lyon, france by Gilles Fedak and has received the support of several developers chinese. Its creator speaks of iExec as the Airbnb of the server. In fact, iExec allows to put in relation to users who need computing power, with other users who have precisely the unused resources on their machine. This service powerful calculation engine so that it can be converted to cash for chips at RLC, the currency, crypto-outstanding on iExec. The price is directly negotiated between the two parties, without that the platform iExec not intervene in the transaction.It will not touch either of commission on the transaction.

The funding iExec

iExec has been funded through an ICO (Initial Corner Offering). It is a crowdfunding in crypto-currency. Launched in April 2017, she has raised 10 000 bitcoins in less than 3 hours, thus proving the seriousness and potential of the project.

The tokens RLC

iExec use on their network chips in the RLC. The name “RLC” means “Runs on Lots of Computers”. 87 million tokens have been issued at the launch. Today there are about 80 million of them in circulation.