Buy iExec RLC (RLC)
What is iExec RLC?
iExec RLC is a decentralised cloud computing platform that operates on the Ethereum blockchain. It is designed to provide on-demand access to computing resources and technologies for decentralised applications (dApps). The platform connects cloud computing service providers and users in a decentralised, open marketplace, using its native ERC-20 token, RLC, for transactions and incentivising contributions.
How does iExec RLC work?
iExec RLC operates by leveraging the Ethereum blockchain to enable secure and scalable decentralised cloud computing. It employs the Proof of Contribution consensus mechanism, ensuring providers supply the necessary computational resources and are compensated with RLC tokens. The platform utilises the open-source XtremWeb-HEP protocol to aggregate unused computing resources, making them available to dApps and other platforms. Smart contracts on the Ethereum blockchain manage transactions, ensuring security and transparency in the exchange of computing resources for RLC tokens.
What are the potential use cases for iExec RLC?
iExec RLC's decentralized cloud computing capabilities can be applied across various industries, offering use cases such as:
- Artificial Intelligence (AI) and Machine Learning: Enabling AI model monetization and secure integration of AI solutions.
- Decentralised Applications (dApps): Providing infrastructure for running applications with access to cloud resources on-demand.
- Confidential Computing: Offering secure data processing through confidential computing techniques and Intel SGX technology.
- Enterprise Solutions: Supporting businesses in need of high-performance computing and data privacy.
- Partnerships and Collaborations: Engaging in projects with Intel and the Ethereum Enterprise Alliance to enhance its capabilities and expand its network.
What is the history of iExec RLC?
iExec RLC was founded on October 16, 2016, by Gilles Fedak and Haiwu He. The founders and their team bring significant expertise in cloud computing and distributed systems. Significant milestones in its history include an Initial Coin Offering (ICO) in 2017, the development of the XtremWeb-HEP protocol, and the introduction of Proof of Contribution for consensus. Moreover, the release of iExec V3 and the Oracle Factory has advanced the platform, with partnerships enhancing its technological capabilities and market presence.
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Frequently Asked Questions (FAQs)
What is the current price of iExec RLC (RLC)?
The iExec RLC price is $3.1637 AUD, representing a +3.02% from the day prior.
Where is the best place to buy iExec RLC (RLC) in Australia?
The best place to buy iExec RLC (RLC) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell iExec RLC (RLC) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of iExec RLC (RLC)?
The trading volume of iExec RLC (RLC) is $13.4M AUD in the last 24hrs, representing a +3.02% from the day prior.
How can I buy iExec RLC (RLC)?
iExec RLC (RLC) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of iExec RLC (RLC)?
The current market cap of iExec RLC (RLC) is $226.0M AUD.
Can I convert iExec RLC (RLC) to cash?
Yes - With Coinstash you can convert your iExec RLC (RLC) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many iExec RLC (RLC) are there?
The current circulating supply of iExec RLC (RLC) is 72.4M.
Is Coinstash a safe place to buy iExec RLC (RLC) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling iExec RLC (RLC) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.