iExec RLCPrice

(RLC)

iExec is a decentralized cloud computing platform that leverages blockchain technology to establish a global marketplace. This innovative platform allows individuals and entities to rent out their unused computing power, datasets, or applications, functioning as an alternative to conventional cloud service providers.

Unlike many other decentralized computing or storage solutions, iExec specifically focuses on Confidential Computing. It employs Trusted Execution Environments (TEEs) to guarantee that data stays encrypted throughout the processing cycle. This unique emphasis makes it particularly suitable for managing sensitive AI and enterprise workloads where privacy and data security are paramount.

Trusted Execution Environments (TEEs) represent a core technical component of iExec. They utilize hardware-level security to establish a 'secure bubble' on a processor. Within this isolated environment, code can be executed with guaranteed privacy and integrity, ensuring that even the underlying computer provider cannot access or view the sensitive data being processed.

The RLC token serves as the native utility token for the iExec platform. Its primary uses include acting as a medium for payment to acquire computing power or access datasets within the marketplace. Furthermore, RLC is utilized for staking, where network participants (workers) must stake tokens to perform tasks and contribute to network security. Lastly, it enables governance, allowing token holders to engage in ecosystem decisions.

The RLC token has a fixed maximum supply of approximately 87 million tokens. A significant majority of these tokens are already in circulation, contributing to a controlled supply. A notable characteristic of RLC is the absence of inflation, meaning no new tokens are minted to enter the market. This fixed and nearly fully circulated supply model is a distinctive feature within the Web3 space.

iExec is positioned to play a crucial role in the evolving AI landscape, especially given the substantial data and computing power requirements of artificial intelligence. Its marketplace offers specialized 'GPU TEEs' (private GPU computing), providing a decentralized and private solution for critical AI tasks such as training models and performing inference. This capability addresses the growing need for secure and scalable computational resources in the AI sector.