1H
-1.36%$0.0102
24H
4.76%$0.0335
7D
4.83%$0.0340
30D
-10.0%$0.0820
iExec claims to have developed the first decentralized marketplace for cloud computing resources. Blockchain technology is used to organize a market network where users can monetize their computing power, applications, and datasets. By providing on-demand access to cloud computing resources, iExec is reportedly able to support compute-intensive applications in fields such as AI, big data, healthcare, rendering, or FinTech.
The iExec network is made up of computing resource providers. Computing power providers are called ‘iExec Workers’. As workers, users can connect their machines and be rewarded in RLC tokens for contributing resources to the network. Application providers can monetize their applications and algorithms. Data providers who own valuable datasets can make them available for use by applications through iExec. The iExec consensus protocol ‘PoCo’ (Proof of Contribution) provides consensus over off-chain computing and can also be used to integrate decentralized oracles with iExec.
iExec believes that its strength lies in trusted off-chain computing. Its representative heads the ‘Trusted Compute Working’ group within the Ethereum Enterprise Alliance. It has partnered with Intel to release a ‘trusted compute’ solution for blockchain (TEE using Intel SGX). Other iExec collaborators include Alibaba Cloud, IBM, Genesis Cloud, EDF electrical utility company, EEA, and Ubisoft. iExec was one of the contributors to the Trusted Compute Framework (Hyperledger Avalon) alongside Microsoft, Intel, ConsenSys, Envision, PegaSys, and Kaleido.
iExec is working with various organizations and consortiums with the goal of providing scalable, secure and easy access to the services, datasets, and computing resources.
Launched in late 2022, Bonk Coin is a community-driven dog-themed cryptocurrency built on Solana. This in-depth guide explores Bonk’s airdrop origins, decentralized design, token utility, and evolving role in the crypto market.
Here is a helpful guide to understanding more about paper trading that helps investors get to know how the market operates and how their trading decisions would pan out without actually having to risk their own money.