Review on iExec RLC by francis fernandez
iExec RLC: reliable data service that you can enjoy in the cloud
iExec is a platform that offers blockchain technology services through access to the cloud; allowing the development of a market of applications and digital products in exchange for the payment of a secure infrastructure digital currency called RLC.
Services and utilities:
Due to the support of large providers of technological resources; the chain makes available to users a range of computer services from different fields of application, based on blockchain technology:
• Server rental service.
• Provision of decentralized applications.
• Rent and buy data.
• Supply of oracles.
• Rental of computing power.
Functioning:
The chain employs workers or providers of computing resources to those users who offer the computing power of their equipment in exchange for the delivery of rewards for supplying resources to the platform. In this sense, users who contribute applications and protocols to the network will receive cryptographic compensation.
Like those that provide data services, they can offer it to applications to obtain digital income in return.
In this way, a digital trading system is developed for the exchange of virtual technological resources and cryptographic assets as a means of payment.
Technology:
The chain uses the Proof of Contribution consensus mechanism or PoCo protocol. Its function is to provide consensus externally to the chain, in addition to allowing the incorporation of oracles to the iExec infrastructure.
What this chain contributes with respect to other blockchains is the security of its infrastructure due to its external hosting to the network.
Pros
- It is a blockchain services platform that operates in the cloud.
- It is a decentralized functioning ecosystem
- Allows its users to rent applications, data and servers.
- It has an ERC-20 token that is highly compatible with other chains.
Cons
- It has no disadvantages of use.
