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iexec rlc  (RLC)

iExec RLC (RLC)

$2.79 2.3%
0.00004681 BTC 1.4%
0.00130710 ETH 1.3%
10,106 people like this
Market Cap
24 Hour Trading Vol
24h Low / 24h High
$2.68 / $2.85
Circulating Supply
70,733,547 / 86,999,784

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iExec RLC Price and Market Stats

RLC Price $2.79
Market Cap $197,571,783
Market Cap Dominance 0.01%
Trading Volume $9,475,975
Volume / Market Cap 0.0479
24h Low / 24h High $2.68 / $2.85
7d Low / 7d High $2.72 / $3.06
Market Cap Rank #267
All-Time High $4.05 -31.1%
Jan 12, 2018 (about 3 years)
All-Time Low $0.153815 1715.1%
Dec 15, 2018 (over 2 years)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
2.8008 USDT
0.13% $82,650 $130,888
1349820.692 RLC
39.86% Recently
0.00004681 BTC
0.06% $60,943 $41,011
785386.598 RLC
23.14% Recently
0.00004669 BTC
0.02% $61,678 $36,135
337540.000 RLC
9.92% Recently
2.7801 USDT
0.2% $59,011 $44,663
314204.314 RLC
9.21% Recently
0.000047339 BTC
0.01% $66,470 $22,794
1181.500 RLC
0.04% Recently
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

About iExec RLC Coin

iExec RLC price today is $2.79 with a 24-hour trading volume of $9,470,980. RLC price is up 2.3% in the last 24 hours. It has a circulating supply of 71 Million RLC coins and a max supply of 87 Million. Binance is the current most active market trading it.

iExec is an open-source, decentralized cloud computing platform, running on Ethereum blockchain. iExec allows decentralized applications (dApps) an on-demand access to computing resources and technologies on iExec cloud. iExec has built a blockchain network where dApps can take advantage of cost effective and high-performance resources such as servers, databases, SaaS applications, web hosting and computer farms. iExec’s native cryptocurrency — The RLC token is the primary asset used to access services in iExec infrastructure. RLC is short for “Run on Lots of Computers.”

iExec is headquartered at Lyon, France. It was founded by Gilles Fedak and Haiwu He, both are serving as Chief Executive Officer and Head of Asian-Pacific Region of iExec, respectively. Oleg Lodygensky is the Chief Technical Officer. Gilles Fedak received his PhD from the University of Paris Sud in 2003, and has been working as INRIA (Inventeurs du Monde Numerique) research scientist at ENS in Lyon, France. Similarly, Haiwu completed his M.Sc. and PhD from the University of Sciences and Technologies of Lille, France. On April 19, 2017, iExec launched its token sale and raised more than $12 million in exchange for 86,999,784 RLC.

In order to support dApps, smart contracts, and their platforms, iExec takes processing-intensive computations off-chain so as to keep a blockchain’s on-chain functions running smoothly. To do this, iExec makes use of XtremWeb-HEP, an open-sourced Desktop Grid Software. Desktop Grid computing (also known as Volunteer Computing) pools unused computing resources to be used by applications and platforms, and according to iExec’s whitepaper, XtremWeb-HEP “implements all the needed features” to make this possible on a global scale, including “fault-tolerance, multi-applications, multi-users, hybrid public/private infrastructure, deployment of virtual images, data management, security and accountability, and many more.” Essentially, with this software, dApps can utilize any computing resource in the iExec framework to run their programs.

In their whitepaper, the iExec team lays out the project’s competitive landscape and explains these competitors in relation to iExec. They’re quick to note that decentralized cloud storage providers like Filecoin, Storj, and Siacoin are not direct competitors, and it’s easy to see why. While iExec could theoretically take a step in this direction as it matures, it’s not a storage platform; it’s a computing platform. This does put it in competition with other decentralized computing protocols like Golem and SONM. Both of these, however, are taking aim at a different animal. Essentially, they’re both building a decentralized supercomputer on blockchain technology, while iExec is targeting dApp development and sustainability. Both look towards a future of a blockchain-powered, decentralized internet, but their functions, while sometimes similar, are more complementary than conflicting.

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