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Neosify - Buy, Stake & Earn Crypto
Neosify - Buy, Stake & Earn Crypto

iExec RLC Decentralized Hidden Gem?

By WilliamRyan | The Feedback Loop | 15 Apr 2020


Outside of the top 100 coins in the market is a token that has an actual usage and big name collaborators. It's name is iExec RLC (RLC) and they are trying to build a decentralized cloud computing resources ecosystem. The more we progress in computing the more clever it is that Cloud Computing is going to be a big part of the future technological empire. As hardware costs become larger and more demanding it makes sense from a business perspective to rent out CPU power from an external source to save space and hardware maintenance associated costs. It potentially also solves the problem of having to upgrade hardware every couple of years in maintenance industry standards in professions that are evolving at a rapid pace.

When you look at some of the names associated with this project its surprising that it isn't a top 100 coin. iExec have worked with Intel, IBM, Alibaba Cloud and Ubisoft. They are a member of the Enterprise Ethereum Alliance, a member of the Hyperledger Avalon which includes Microsoft, Oracle, Alibaba Cloud, IBM and Chainlink (LIINK).

People attached to the project have used the term "Digital Oil" to describe the ecosystem they are trying to create but I think a better analogy would be "Digital 'Outsourcing". Reducing hardware costs by outsourcing them to a potentially cheaper alternative. The total supply of RLC as of writing this post is 86,999,785.  When considering the names attached to this project, what they are trying to do and the fairly low supply I would suggest this as being a good buy especially while the Crypto market is currently down since the outbreak.

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WilliamRyan
WilliamRyan

A radical centrist agent of chaos hellbent on destruction of the material world.


The Feedback Loop
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