Review on iExec RLC by Jesmin Akter

Over the last year, there has been a significant rise in the usage of blockchain technology. Additionally, there are many additional uses for the blockchain technology, all of which are secure and transparent in nature. A few disadvantages include a limited amount of processing power and a limited capacity to be scaled up or down. It is the goal of iExec RLC to create a cloud computing architecture that will allow decentralized applications to access a variety of cloud computing services.



The cloud computing platform is decentralized and runs on the Ethereum blockchain, which is a distributed ledger of transactions. It is possible to get on-demand access to computing resources and technologies on the iExec RLC cloud by using decentralized apps (dApps), which are enabled by iExec. It is possible to utilize a range of resources at a cheaper cost and with improved speed when developing DApps (Decentralized Apps), including cloud computing, server farms, database hosting, SaaS applications, and web hosting.



The unique platform provided by iExec RLC allows businesses to utilize Big Data and High Performance Computing applications. Via the use of high-performance computing, users now have the ability to request access to computer resources that are accessible through the platform. XtremWeb-HEP is a venerable piece of software that has been in existence for about thirteen years. Domains in which the program has performed well include aeronautics, signal processing, banking, and high-energy physics, among others. The Ethereum blockchain stores all of the information necessary to complete transactions, allowing for peer-to-peer transactions to take place between users. The Ethereum blockchain may save a considerable amount of money by avoiding the involvement of any third parties.



Due to the fact that iExec is based on the Ethereum blockchain, all transactions are secure and transparent. A digital application platform where iExec's cloud computing capabilities are made accessible to dApps on an as-needed basis. As is typical with other cryptocurrencies, the RLC token is only utilized inside the iExec cloud computing platform and does not operate as a peer-to-peer payment system like bitcoin. Users purchase RLC tokens on the platform in order to get access to computer processing power. Contributors pay resource providers in RLC tokens in exchange for the usage of computer resources during an ICO (Initial Coin Offering).