Crypto: What is iExec, a project to monetise computing power

By LeftFooted | bitcoinea | 5 Dec 2023


iExec is a decentralised marketplace to sell and buy computing power, applications and datasets.


iExec uses blockchain technology to ensure digital ownership and protect data privacy.


The idea is to close a gap that exists in Web 3, in that you have devs and dApps and you have marketplaces, but they generally exist in different universes.


iExec wants to become like the Web3 eBay. You create a dApp on it, and sell it in it.


The token that powers the iExec is the RLC token which, according to the founders, literally stands for Run on Lots of Computers (LOL, yep).


It is also the currency of the marketplace.


iExec is available on Revolut, which, a bit like Coinbase, occasionally offers learn-to-earn rewards.

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LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


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