IExec RLC

If you dont have at least 2k Suicide insurance youre crazy.

Ethereum is revolutionizing the Internet by providing programmable trust, in the form of smart contracts. These smart contracts act as trustless middle men, ensuring all parties stay honest, without the added cost and delay of lawyers and contracts. Ethereum’s virtual machine is responsible for the execution of smart contracts. The VM is the environment that the smart contract runs in. And Ethereum’s VM is excellent for simple transactions and business logic - things like managing the rules regarding the creation and storage of information. And although Ethereum is Turing-complete and theoretically capable of performing any computational feat given infinite time, the VM struggles when performing rigorous computations efficiently and at reasonable cost. That’s not what Ethereum was made for. Running intensive computations on Ethereum would be like trying to run Grand Theft Auto 5 on Apple’s 1987 Macintosh II. Today, this isn’t really an issue because most dApps don’t have a working product. The dApps only utilize Ethereum for their ICO sale and for simple transactions with their tokens—Ethereum is well suited for that. But once all these dApps start releasing ACTUAL PRODUCTS, with actual computational demands, Ethereum not only will not be able to keep up, but it will become prohibitively expensive. Since Ethereum charges ether (gas) to run the network, intensive computations would cost a fortune. Imagine when Ethereum’s computational demands increase by 10x, or 100x: the network will be unusable!!

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PART 2: The solution?

The solution to this is offchain computing. dApps need to be able to do their heavy computing offchain (meaning not on the Ethereum blockchain) and then bring the information and results back onto the Ethereum blockchain for verification. iExec enables just this. dApps can use iExec’s decentralized cloud computing services to safely, simply, and cheaply, execute their computation far from the inefficient and incapable Ethereum VM.

An interesting use case that demonstrates this relationship was an AI chessbot developed by Stockfish. The actual chess moves are a simple recording of information—Knight to C6—easily accomplished by the Ethereum VM. But the actual AI decision of where to move is exceptionally complex. The amount of information that the bot needs to process is enormous—strategy, combination of moves, anticipation of opponent’s moves, etc.—this is impossible for the VM. So iExec provides the computational power for the AI off-chain, and then transfers the move results back to the Ethereum blockchain where they stay, immutable and secure; all this happens fast: well within the time for one Ethereum block.

PART 3:

The use cases are endless. Flixxo is a dApp that envisions itself as the decentralized YouTube. Because of all the encoding and decoding of videos on the blockchain, it requires an enormous amount of computer power. “iExec will allow the platform to do [this] by providing cloud resources,” says Bendella.
Request is another partner. Request plans to offer automated auditing of financial records. This is also an extremely intensive computational process. iExec again provides the offchain solution for this computation—the results of the audit can then be easily transferred to the Ethereum blockchain.
The blockchain economy will need a service like iExec. In 2018, as dApps begin releasing their platforms, it will become increasingly clear that Ethereum will be ineffective for all that computation. With AI, smart cities, VR, and IoT all utilizing advanced smart contracts, there will need to be an offchain computing solution. iExec is that solution.

based as fuck
but I dont think most retards on biz have the mental capacity to read all of that.

To their own demise, of course.
Shits about to PUMPPPPPPPPPPPP

i'm essentially RED PILLING THE ENTIRETY OF BIZ with this thread in a simple and efficient manner.

Please screen shot it with the part 2 and part 3 or just download pic related and help spread this

This shit needs an easy to read/follow explanation of the project

BLOCKCHAINS WILL NEED IEXEC I REPEAT BLOCKCHAINS WILL NEED IEXEC ONCE CRYPTO PROJECTS ACTUALLY START MAKING WORKING PRODUCTS ETC its only a matter of time until people start getting red pilled on this.

Iexec is not confined to ethereum either it can run on other blockchain ecosystems like Neo, Eos, ark, Cardano, whatever...

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thanks based user

ESSENTIALLY....iExec processes the computations away from the blockchain and then transfers the results back to the blockchain. dApps can use this to perform complex computations like rendering, uploading, and all the requirements for AI, IoT, and VR, all without slowing down the Ethereum network.

exactly, I cant stress how important this is going to be in the next coming years when blockchain technology finally starts to gather more use cases and gains more widespread adoption

I got 2.5k. Too poor for more

blockchain need ease of use and mass adoption, not your shitcoin. cope.

This is the best alternative cryptographicaly secured cone on the market at this very moment.
If you love money you buy this

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