Yes, iExec is on Ethereum.
iExec is a decentralized application (dApp) store that allows users to buy and sell cloud applications, or “compute power”, in a safe and secure way. iExec is built on the Ethereum blockchain and makes use of smart contracts to ensure that all transactions are transparent and secure.
The iExec dApp store offers a wide range of apps, from simple data processing tasks to more complex machine learning algorithms. Users can select the app they need and pay for it using the iExec token (RLC).
NOTE: It is important to note that while iExec is built on Ethereum, it is not a part of Ethereum. Therefore, any investment decisions you make with iExec should be done with caution, as it is not as secure or reliable as Ethereum itself. Additionally, there are risks associated with using decentralized applications and networks like iExec, including the risk of loss of capital. It is always recommended to do your own research before investing in any cryptocurrency or blockchain-based application.
Once the app is purchased, it is then deployed on the iExec network of distributed computers, or “workers”, which process the task and return the results to the user.
The use of blockchain technology means that all transactions on the iExec network are transparent and secure. Furthermore, the use of smart contracts ensures that all payments are processed automatically and securely.
The iExec team is constantly expanding the range of apps available on the platform and is working on new features to make the platform even more user-friendly and efficient. With its growing community of users and developers, iExec is well positioned to become the leading platform for decentralized cloud computing.
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