What is iExec RLC currency
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| iExec RLC |
iExec RLC is a cryptocurrency that powers the iExec decentralized cloud computing platform. It allows users to securely rent out their computer resources and earn rewards in the form of RLC tokens. The platform provides an efficient way for developers, companies, and individuals to access powerful computing power without having to purchase expensive hardware or pay hefty fees for cloud services from traditional providers such as Amazon Web Services (AWS).
The main purpose of using iExec is its ability to provide reliable, secure access at scale with low latency globally. This means that applications built on top of it can be used by anyone from anywhere in the world without worrying about network disruptions or data loss due to server downtime. Additionally, because all transactions are done via smart contracts on Ethereum's blockchain technology they are immutable and cannot be tampered with by third parties or malicious actors trying gain unauthorized access into systems protected by iExec’s infrastructure layer.
With this secure infrastructure layer comes a token economy where users can use RLC tokens as payment when renting resources through its marketplace while also being rewarded with them when providing their own computational power - making it easier than ever before for people around the globe who have idle computers at home but no easy way monetize them until now! Additionally these tokens can then be traded against other cryptocurrencies like Bitcoin which gives holders even more ways liquidity options beyond just using them within ecosystem itself .
All-in-all if you're looking get involved crypto space but don't want risk associated investing buying coins directly then consider exploring what new opportunities open up thanks innovative platforms like iExec which offer unique value propositions both buyers sellers alike!