iExec RLC
Current price
$0.8480
−3.49%24h
LiveUpdated 27s ago
TodayiExec RLC falls 3.5%, in line with the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour+1.02%
- 24 hours−3.49%
- 7 days+14.56%
- 30 days+210.07%
- 1 year−3.70%
iExec RLC's move in context
Moving with the market
−3.49% today, close to the whole market (−3.27%). Nothing specific to iExec RLC stands out in the price.
Part of a climb
+14.6% over 7 days and +210.1% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About iExec RLC
Overview
iExec RLC is a decentralized cloud computing platform built on blockchain technology. Its primary purpose is to provide a marketplace for decentralized applications (dApps) to leverage off-chain computing resources. iExec allows developers to access and monetize computing power, enabling cost-effective and scalable solutions for complex workloads. The core mission of iExec is to democratize access to cloud computing by creating a global market where all participants can offer and obtain computing resources securely and efficiently. Distinguishing features of iExec RLC include its focus on privacy, scalability, and usability, coupled with a robust ecosystem that integrates seamlessly with various blockchain networks.
Technical Features
iExec RLC employs a unique consensus mechanism that ensures the reliability and integrity of the off-chain computations. The platform utilizes a trusted execution environment (TEE) to enhance security, enabling private data processing while maintaining transparency on the blockchain. The architecture is composed of several layers: the iExec core, which manages all interactions; the decentralized marketplace, which connects resource providers and users; and the smart contracts layer that automates resource transactions. iExec utilizes a proof-of-concept algorithm that incentivizes participants to contribute their computing power in a trustless environment, ensuring optimal resource allocation and efficiency.
Use Cases
The primary use cases of iExec RLC span across various sectors, significantly within decentralized finance (DeFi) applications. It enables dApps to perform off-chain computations, ensuring data privacy and reducing costs. Additionally, iExec can support complex data processing tasks such as AI and big data analytics. Governance models can also benefit from iExec's technology, allowing communities to harness off-chain resources for decision-making processes. Moreover, developers are exploring its utility in the creation of non-fungible tokens (NFTs) and other innovative digital assets by executing computations and transactions more efficiently than traditional methods.
Development Background
iExec RLC was founded in 2016 by a team of experienced professionals from various backgrounds, including technology, finance, and business. The project started with a vision to blend cloud computing and blockchain technology, leading to the creation of the RLC token as the utility asset within the iExec ecosystem. Since its inception, iExec has witnessed several milestones, including successful funding rounds, partnerships with major technology firms, and integration into blockchain networks like Ethereum, which have advanced its capabilities and broadened its adoption.
Community and Ecosystem
The iExec RLC ecosystem is supported by a vibrant community of developers, businesses, and users who collaborate to expand its offerings continuously. A wide range of partnerships with tech companies, research institutions, and blockchain projects enhance its credibility and operational scope. Various decentralized applications and integrations are emerging, bolstering the network effects of iExec. The community actively engages in governance, contributing to the platform's evolution and innovations through proposals and feedback.
Future Potential
The future potential of iExec RLC is significant, driven by the growing demand for cloud computing solutions and the increasing reliance on decentralized technologies. Upcoming features focus on enhancing scalability, optimizing transaction speeds, and integrating more diverse applications. As enterprises and developers recognize the value of decentralized computing, iExec RLC is positioned to play a crucial role in the blockchain landscape, promoting efficient, private, and cost-effective computing solutions. Continued advancement in partnerships and technology development will solidify its status as a leading player in the crypto space.
iExec RLC market
- Position by market cap among the coins we track.
- #194
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $73.78M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.8089High $0.8826
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $15.51
- Now 5% of itReached 10 May 2021 · Needs +1,729% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 87M RLC
- 100% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 87M RLC
- The most coins that can ever exist. Some coins have no limit.
iExec RLC converter
1 iExec RLC = $0.8480
