E&S Token Review: iExec (RLC)

Hello Publish0x community and welcome back in this new article of my “Easy & Short Cryptocurrencies Made Accessible” area.

With this article we are going to introduce the 28th cryptocurrency of this section with the 60th “E&S” article.

Today we will talk about: iExec (RLC)!

In the last token review, I talked about The Graph. If you missed my last crypto analysis, you can recover it below.

The Graph Review

RLC is reference token of the shared and cloud storage service iExec, which introduces compared to similar blockchains many interesting novelties. iExec is a not-so-new project, since it has been active since 2017, but only in the last few months has it been talked about more.

Cloud computing provides users with effective cloud access to files and resources. It provides processing power, resource storage, and applications that users can access at any time. Cloud computing is primarily used by businesses, institutions, and individuals. However, most cloud computing services run on centralized clouds, such as Netflix, hosted in Amazon's cloud. Distributed cloud computing breaks down the computations of a large number of computers in the network. As the cryptocurrency blockchain builds dApps within it, it continues to gain popularity. Blockchain does this to leverage the accessibility and high performance of decentralized cloud computing.

The iExec platform is similar to Amazon S3 or Microsoft Azure, but instead of centralizing all servers in one location, it is broken down into thousands of nodes for off-chain computing for blockchain applications. With the emergence of blockchain startups, decentralized cloud computing has been growing, and they hope to take advantage of the cost-effectiveness and efficiency of blockchain-based platforms.

In addition, iExec also provides an advanced SDK that allows you to use the project cloud to remove certain calculations from the blockchain, helping even systems like Ethereum overcome, as if it were a layer 2 scalability problem.


The Team

Currently iExec has a well-staffed team of both business teams and tech teams. The whole team today has 35 people, which is a very impressive number.

The founder of iExec RLC is Gilles Fedak. He is the CEO and co-founder. Before starting to work with iExec, he worked as a research scientist at INRIA and as a postdoctoral fellow at the University of California, San Diego and ATER at the University of Paris Sud. He has a doctorate degree. In philosophy and computer science.

Haiwu He is the co-founder and head of the Asia Pacific region of iExec. Prior to this, he served as a professor at the Chinese Academy of Sciences, an innovation transfer research engineer at ENS Lyon, a co-founder of iRentCPU, an INRA research engineer expert, and an assistant professor at Hohai University. He has a doctorate degree. In computational science. This means that iExec is built on the work of team members who conduct INRIA and CNRS research in the field of desktop grid computing.

Two others members of the Executive Team are Oleg Lodygensky, CTO, research-engineer and expert in distribuited computing, and Francis Otshudi, Chief Sales and Marketing.


iExec Values

iExec team share 4 simples but important principles:

  • Decentralization: blockchain is more than a technology. They’re building the infrastructure for decentralized economy.
  • Innovation: They’re inventors of the distributed world.
  • Environment: they want to carry out the project in an environmentally sustainable way.
  • Freedom: They stand for the liberty for everyone to create, innovate, and contribute to a better world.

After a little introduction about what iExec is and the team behind the project, I invite you to follow me so you don't miss the second part of the article that will be released next Sunday.

We'll go more specifically into new features of this project!




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MikeZillo Verified Member

Daily Trader, Mining Farm Project Manager, Blockchain consultant, Cryptocurrency evangelist. You can find more videos here Telegram: @mikezillo

Easy&Short. Cryptocurrencies made accessible
Easy&Short. Cryptocurrencies made accessible

In this section, we are going to create two article per each cryptocurrency/token. The first one will be technical, with a simplification of the Whitepaper and the second one will be about particulars of the coin. For example staking yields, particular functions and so on! I am sure you will like this very much!

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