iExec, the world’s first blockchain-based distributed cloud computing platform, is a decentralized distributed cloud computing built of the Ethereum blockchain. Their traded crypto token is marked as RLC. Current cloud services are struggling to meet the demand for resource-intensive business practices and their centralized design creates a bottleneck for data. iExec proposes a completely new model that pools computing resources from participants on the network making them available to everyone.
Through their blockchain based cloud computing they plan to rent out computing resources (CPU, storage, GPU),
It provides distributed applications running on the blockchain with scalable, secure and easy access to the services, the data sets and the computing resources they need.
It allows decentralized cloud storage and renting out computing resources and application
Its technology manage a virtual cloud infrastructure and enable high-performance computing services on demand.
My take. They have a new technology, they are innovative and they are built off Ethereum and backed by the Ethereum team directly. There is a lot of potential on this crypto. Now that the price is really low, this is the time to get on board for a long term investment
For now there is no dedicated wallet. You can use imToken, MyEtherWallet, Metamask or Parity.
iExec’s token known as RLC can be traded on Bittrex and Hitbtc