iExec RLC

iExec is a decentralized cloud computing built on blockchain platform. It enables large parallel applications to be processed and executed across a decentralized, distributed node environment. This is made possible through the creation of a virtual cloud infrastructure formed by a network of providers located around the world. iExec covers different sectors, industries and applications such as scientific simulations, financial sector, 3D rendering, cryptography and EDGE computing.

iExec is founded by Gilles Fedak and Haiwe He, and has its headquarters in Lyon, France.

RLC stands for 'Run on Lots of Computers', and is a cryptocurrency which offers secure payments. Users can access iExec by paying with RLC tokens (which are a digital asset on Ethereum as an ERC20 compliant token).

iExec ultimately operates on Ethereum's platform and has a supply of 86,999,785 RLC with 92% RLC in circulation. The cryptocurrency is available for trading on fifteen different markets. iExec announced a spec that addresses how a smart contract on mainnet can off-load workloads to off-chain networking without comprimising user experience or security.