It's going to enable off-chain processing for ETH, but their endgame is edge/fog computing. It's essentially next-gen cloud infrastructure, which by the way is being developed by iExec, IBM, Microsoft, Samsung, Intel and CISCO_FUCKING_SYSTEMS. Why is this huge? Well. 80% of the world's data is handled by Cisco routers and switches. Now iExec is working with all these behemoths side-by-side @ OpenFog consortium. If these guys want to push new tech, you'd be an absolute retard betting against them.
Imagine you're a datacenter. Now what does it cost to run it all? Literally hundreds of millions to build it and then some more to keep it running. Now imagine you could provide hosting and computing (Amazon Web Services, Netflix runs on it for example), without having to build a huge fucking datacenter. You just rent any goddamn hardware that is idling anywhere in the world to provide your service.
Now, you don't pay for infrastructure. So you cut your prices down. You become appealing to customers. You grow. You become the airBnB and Uber of data networks/service providing.
What do you need the tokens for, you might ask? Well let my autistic-as-fuck ass tell you. It's to pay the hardware owners for computational cycles. Just like mining, but actually doing work and not wasting electricity for frivolous shit.
Oh, this sort of network model is also ABSOLUTELY CRUCIAL to IoT, since it kills all sorts of problems associated with latency and security. FUCK. This project makes my dick hard. I'm out, let me tell you another bedtime story after V2 has launched.
dumped all my shitcoins and loaded up on this yesterday during the pullback. fucking ready.
Jaxon Watson
Same. I'm 100% in RLC because I know something most don't. But I'll tell you, just wait til their partners start using their platform for computational power, it will drive the price up 1000x.
To expand on this, just wait til all of their dapps start using rlc. Imagine this page FULL of dapps and partners like flixxo/request using their offchain computations to fulfill their needs. You'll essentially be an oil sheikh in 2020. Thousands/millions of dapps on the iexec network will increase demand equivalent to the amount of people using it. It's a big fucking deal, especially because RLC is blockchain agnostic and the market cap is well under 200m. This will all happen too, because the future of apps are decentralized.
hope half of the stack makes me some cash at some point in the future. i'd like to run the other half, i really like RLC's concept.
Hunter Ward
Also with this announcement, people think it's nothing but it's actually huge in the long run. iExec will literally be the first to power bitcoin smartcontracts. Wanna know why that's huge? Bitcoin is the largest network, and smart contracts are the big pull in crypto. They will change the world in ways we cannot imagine.
Imagine owning a coin that is literally the backbone powerhouse to every single computation and smart contract on the planet. You want a lambo? All in RLC.
500$ in 2 years is definitely possible if something like ETH or any other shitcoin that +50,000%'d in a year did. Opportunities like this don't come around often at this price. It's another "ETH at 1$" event, I guarantee it.
