Assets, Ethereum

Is iExec on Ethereum?

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).

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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