iExec is based on block < a href = "https://coinmarketcap.com/alexandria/glossary/blockchain" > link < / a > the decentralization of the leading supplier of calculation. Blockchain is used to organize market networks in which people can profit from computing power, applications and even data sets.
It does this by providing on-demand access to cloud computing resources. IExec can support applications in areas such as big data, healthcare, artificial intelligence, rendering and fintech. IExec was founded on October 16, 2016 with the goal of reshaping cloud computing by creating a new cloud computing paradigm.
As a result, iExec relies on Xtremweb-HEP, an open source desktop grid software that enables multi-application, fault-tolerant, multi-user, virtual image deployment, private infrastructure, data management, security, and more.
The iExec network consists of computing resource providers. These are called iExec workers. If users want to be one of these workers, they can connect to their machines and will be rewarded with RLC tokens for contributing resources to the network.
Application providers can monetize their algorithms, and data providers with valuable data sets can make them available to users through iExec. Then there is the consensus protocol called PoCo or proof of contribution, which provides consensus on off-chain calculations. Because of this proof of contribution, external resource providers can authenticate the use of their resources on the blockchain itself.
IExec also provides distributed applications that run on the blockchain, Called < a Href = "https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps" > DApps < / a > extensible security and easy access to services Servers, data sets, and computing resources, and because all of these run on Ethereum, it allows virtual cloud infrastructure to provide high-performance computing on-demand services.
As a result, iExec supports emerging blockchain-based distributed applications and cost-effective high-performance computing through a decentralized cloud infrastructure. By making it easier to access machines, the distributed cloud will allow the environmental footprint of the data center to increase dramatically.