iExec RLC price prediction. iExec RLC Fundamental Analysis | Via SwapSpace | Capital | July 2021

iExec RLC price prediction

RLC is an ERC-20-compliant token native to the iExec network. The project is committed to building a decentralized cloud infrastructure to provide computing resources for dApps. The iExec ecosystem includes:

  • iExec market, where resources are traded;
  • iExec SDK for dApp developers;
  • dApp Store, used for applications built on the iExec infrastructure;
  • Data wallets help data providers sell their information.

The project is premised on the limitations of existing computing solutions. On the one hand, traditional cloud services provided by companies such as Amazon cannot provide the level of decentralization required by many dApps. In addition, cloud services are very expensive, even for companies that do not require decentralization, such as research projects or small start-ups. On the other hand, blockchain infrastructure like Ethereum avoids these limitations, but in its current state, it is slow, costly, and almost unscalable, which hinders the spread of dApps, because as they become more complex As sex increases, they require more and more resources. Therefore, the purpose of iExec is to provide computing resources on demand to those who need them. These resources are provided by network users called Workers and are brought together to form a distributed cloud. Workers are compensated for their contributions through iExec RLC tokens. Through the use of specific field side chains and a unique consensus protocol called proof of contribution, high scalability and security are ensured.

Disclaimer: This article should not be considered as providing trading advice. The cryptocurrency market suffers from high volatility and occasional arbitrary fluctuations. Any investor should research multiple viewpoints and be familiar with all local regulations before investing.

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