iExec Software Description
iExec is a blockchain-based platform that allows anyone to rent out excess computing power, storage space, and applications. This provides a more efficient way to use and manage resources, and it also helps to monetize unused capacity. It is built on the Ethereum network and uses blockchain technology to facilitate secure and transparent transactions. This makes it a more reliable and trustworthy resource than traditional centralized cloud providers. Businesses and individuals can use iExec to power their applications, from data processing and scientific research to e-commerce and gaming.
iExec is one of the first projects to build on top of Ethereum’s upcoming Casper update. Casper is a Proof-of-Stake consensus algorithm that will make Ethereum’s blockchain faster, more secure, and more scalable. The platform is powered by the Ethereum network and its native token, RLC. RLC is used to pay for computing resources, storage, and services on the network.