RLC iExec RLC

RLC is the native token of iExec, a decentralized cloud computing marketplace. iExec provides a platform where users can buy and sell computing resources, datasets, and applications, fostering a trusted and decentralized network for computational power.

In response to the increasing demand for artificial intelligence and general computing power, iExec specializes in confidential computing and the leasing of decentralized computing resources. This focus allows for secure and private execution of computations while leveraging distributed networks.

RLC serves as the primary medium of exchange within the iExec ecosystem. It is utilized to pay for various services, including access to computing power, data services, and the use of applications available on the marketplace. This utility underpins the economic model of the iExec platform, facilitating transactions and incentivizing participation within its decentralized framework.