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Mohammad Shuja photo
Lahore, Pakistan.
1 Level
135 Review
31 Karma

Review on iExec RLC by Mohammad Shuja

Revainrating 4 out of 5

It is a decentralized system in existence.

It hires employees or computing resource providers to those users who give the processing power of their equipment in exchange for the delivery of rewards for delivering resources to the platform. Users who contribute apps and protocols to the network will earn cryptographic remuneration in this way.



They, like others who supply data services, can give it to applications in exchange for digital revenue. As a result, a digital trading system for the exchange of virtual technological resources and cryptographic assets as a method of payment is created.



The chain employs the Proof of Contribution consensus process, often known as the PoCo protocol. Its role is to give external consensus to the chain, as well as to allow the inclusion of oracles into the iExec architecture. This chain adds to the security of its architecture in comparison to other blockchains owing to its external hosting to the network.



These issues can be avoided by establishing a decentralized system. The RLC token will allow you to purchase computer power or use particular iExec network apps. You will earn RLCs if you make your unused processing power from your computer available to your users or if you opt to rent out specific apps that you have built.

Pros
  • Large institutions sponsor the initiative.
  • It provides investors a strong signal.
  • It is LIVE, and certain apps are already workable.
  • The company attends all of the major blockchain-related events held throughout the world. This enables them to introduce their goods to industry specialists.
Cons
  • Nothing major.