All About iExec (RLC)

In order to deliver improved performance and stability, iExec uses an open-source Desktop Grid software called XtremeWeb–HEP to pool together unused computational resources, which are assigned off-chain to dApps that require processing-intensive computations. By assigning these computations off-chain, the platform preserves on-chain performance and usability.

As a layer-2 side-chain on Ethereum, iExec utilizes Ethereum’s Proof-of-Work (PoW) consensus mechanism. In order to validate off-chain computations, the iExec RLC network relies on a Proof-of-Contribution (PoC) consensus mechanism.

The iExec network’s computing power comes from Resource Providers, which can be broadly classified into three categories: App Providers, Data Providers, and Server Providers. Users can apply to rent their computing resources to the iExec cloud computing platform. In exchange, they receive RLC tokens, which can be traded on digital asset platforms like Binance.US, or spent to access computational resources on the iExec platform.

What is iExec (RLC)?

RLC, short for “Run on Lots of Computers”, is an ERC-20 token and native token of the iExec cloud ecosystem. The token is used as a medium exchange for dApps looking to access computational resources on the iExec platform.

How to buy iExec (RLC) on Binance.US

Trade iExec (RLC) on the RLC/USD and RLC/USDT pair.

Buy iExec (RLC) with Bank Transfer (ACH), Debit Card, or Wire Transfer.

Deposits and withdrawals are now open for RLC.

Note: This article was last updated on April 12, 2022. Deposits for RLC first opened on April 11, 2022 at 5 a.m. PDT / 8 a.m. EDT. Trading opened 24 hours later, along with the "Buy Crypto" functionality.

Download the Binance.US app to trade on the go: iOS | Android

Follow us on social media to stay up to date with Binance.US news and announcements:

Telegram

Twitter

Facebook

Instagram

LinkedIn

Reddit

Youtube

Legal disclaimer: This material has been prepared for general informational purposes only and should NOT be: (1) considered an individualized recommendation or advice; and (2) relied upon for any investment activities. All information is provided on an as-is basis and is subject to change without notice, we make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability or completeness of any such information. Binance.US does NOT provide investment, legal, or tax advice in any manner or form. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. Binance.US shall not be liable for any consequences thereof.