Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Articles about Cryptocurrency => Topic started by: Goodcat49 on April 19, 2018, 01:58:00 PM
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On April 19, 2017, French-Chinese company, iExec, successfully closed a record breaking crowdsale of its cryptocurrency. iExec offer a new blockchain based solution to decentralized Cloud Computing. One year later, we are presented with the opportunity to look back and make an assessment of the project’s development since this initial fundraiser and look forward to what we will see next from iExec.
iExec is developing a decentralized marketplace network that will connect application developers in need computing power to resource providers. The iExec network will be a free marketplace, developed on top the Ethereum blockchain where ‘smart contracts’ allow for trading computing resources with the highest level of transparency, resiliency and security. Currently, iExec employs around 20 people and the team is gradually strengthening, being made up of world-class blockchain hackers, business developers and marketing specialists.
iExec’s unique selling point is the innovation of their consensus protocol named " Proof Of Contribution" or ‘PoCo’ that is essential for a fair and decentralized infrastructure.
A Record Breaking ICO
In just 3 hours, iExec achieved its original target of raising 10,000 Bitcoin ($12 million) from investors around the world. At the time, it was the 5th largest cryptocurrency fundraiser to date. Participating investors then held ‘ RLC’ tokens. RLC is a utility token that will be used to access the resources of its market network. It is the unique method of payment between application providers, server providers and data providers. The RLC tokens were distributed in limited supply, so investors can hope to see an increase in the value of their holdings when demand for RLC increases as the marketplace grows with an increasing number of transactions, registered apps and active users. iExec is listed in various cryptocurrency exchanges globally. The token can be traded in exchange for fiat (state-issued) currency or a variety of other digital currencies such as Bitcoin or Ether.
The founders of the company were also invited by IBM to present the project at the latest edition of IBM Think in Las Vegas.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/celebrating-first-anniversary-of-iexec-ico/
(https://coinidol.com/upload/resize_cache/iblock/ae7/900_900_1/ae718d97c3b4fe0ceb9b88e6314262d6.jpg)
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iExec Pioneers Cloud Marketplace
In recent years the the world has witnessed a technological transition thanks to the blockchain technology. Despite the recent eruption of cryptocurrencies and the blockchain, we are in a relatively infantile stage in the grand scheme of things. With this said, the main issue hindering exponential growth in the world computing power is the demand in contrast to the currently available supply.
Innovative projects have been paving the way for the world to progress into a hyper-connected world. Blockchain startup iExec has announced the launch of its pioneering cloud marketplace. For the first time, users can now freely trade computing power through a network of cloud providers and individual market traders. iExec pride themselves on pioneering cloud decentralization, by developing the best technologies and to invent new protocols that will bring decentralization economy for everyone.
iExec has released its decentralized cloud marketplace for everyone. With such a breakthrough, computing power can be free traded to a dedicated market, just like any other commodity. This is a huge milestone to help bring blockchain technology to the mainstream. The groundbreaking new network is a massive break through for the blockchain sphere and leading cloud providers, TFCloud, Stimergy, Cloud&Heat and Nerdalize have already announced their participation.
Anyone can benefit from this new marketplace whether you are a provider, developer or investor. The marketplace allows app develops to have access to a access affordable, secure and scalable computing power at their leisure. Each transaction is notably secure, with auditing and certification by the Proof-of-Contribution algorithm
A Decentralized Marketplace for Computing Power
iExec’s new market offers an ergonomic and standardised access to computing resources regardless of their provider. This of course differs from more mainstream markets, as the market can offer is users access to computing power and the most competitive rates. The edge of decentralization means that the entry barriers are extremely low, allowing anyone to join in and benefit from the marketplace.
The salient benefit of blockchain technology is giving power back to the people. iExec’s platform does just that, and participants can set their own prices in this peer-to-peer market. iExec does not take any fees and the marketplace offers a high level of trust and traceability. iExec has recently released this marketplace on the Ethereum blockchain, on which RLC tokens can be used as a means of payment.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/iexec-pioneers-cloud-marketplace/
(https://coinidol.com/upload/resize_cache/iblock/316/900_900_1/316a8baf6eeb959892a1aef72ccd8792.jpg)