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12588217 No.12588217 [Reply] [Original]

iExec (RLC) aims to be a marketplace for off-chain computation. From what I can gather, it is a decentralized marketplace for any computational service provider, whether that be cloud providers, personal systems, IoT devices, decentralized protocols, etc. Any system that does computation can sell it on the market place.

The question is why would it be valuable and why would someone chose it over a big cloud provider?

1) It can be more secure given there is no need to trust a central cloud provider. There are all types of options and likely even the ability to use several at the same time for different needs.

2) It’s flexible since there is no need for contracts so again you could leverage several at the same time and stop and start whenever.

3) It’s accessible for small and medium size businesses not just for major businesses. This is especially true for companies who want to leverage new AI, CRM, and different data analytic systems but can't afford it in today's models.

>> No.12588222
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4) Big businesses can use it to undercut competitors by seeing what computation is available for cheap. So if a business is using AWS, AWS can actually undercut their own costs by offshoring some of the computation to a provider in an area with cheap electricity to save AWS money. Big cloud providers will likely use it to hedge their own cost budgets.

5) Big businesses can build out fog systems. Instead of having to build from scratch their our fog computing network, they can use use already existing computing networks as connection points between their clouds and local IoT devices. This brings computing down to the local level which is cheaper and more efficient. It would be quite expensive and costly to build from scratch. It’s almost like taking advantage of mesh network type system of already available devices, similar to how Uber uses cars already in existence instead of having to create an inventory. AWS doesn’t need inventory, but instead can focus on selling a service that they help facilitate.

6) Big cloud providers have to spend a lot of money maintaining their systems with devs and repairs etc. In a system like this, providers are responsible for repairs and the dev team of iExec or another similar protocol like Golem, SONM, etc can maintain the system. If a provider goes down, they just route to a new one.

>> No.12588231
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FYI to the linkies, I could see Chainlink as a major provider in the market place given they are both an oracle and a off-chain compute solutions. While Chainlink has the marketplace for all smart contract resources, I could see iExec having the marketplace for all types of computational services. They are not competitors since iExec is a more of a marketplace.

>> No.12588282
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>>12588231
Source : slack

>> No.12588292

Suck my balls.
Source: high iq individual (me)

>> No.12588300

>>12588282
Yeah you can post them. I'm interested in the project so I asked him some questions. Still waiting on him to answer and what makes iExec nodes different from Chainlink nodes. I think though that the key difference is iExec is more of a marketplace than a compute network.

Give me some feedback instead of thinking you busted me for asking a question in their slack.

>> No.12588318

>>12588300
WTF are you saying ? I'm just proving iExec Team will be glad to have a chainlink pool.

Kek i'm not trying to "bust" anything.

>> No.12588327

>>12588318
Haha alright. I read you wrong because last time I posted about RLC some linkies were up in arms.

>> No.12588346
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>>12588327
I'm RLCTHUG. The true iExec supporter. Holding one of the few ERC721 iExec Pioneer token. Definitly not a linkie.

>> No.12588367

>>12588346
I'm primarily invested in LINK and will stay that way but RLC is interesting to me and have a small position as the only other coin I own right now. Above is my current analysis of what I have gathered so far. Hoping some anons can engage in convo to see what they they think. I'm trying to see what kind of value proposition we have here and I'm open to being wrong.

>> No.12588869

>>12588367
>Tue
The scope of the use cases are very different, too. Chainlink nodes are going to be aggregating and computing specific inputs that go into derivatives or insurance smart contracts, which will be of a much more limited and defined nature.

https://medium.com/iex-ec/troubadour-a-natural-language-processing-platform-using-decentralized-cloud-computing-70cc04e8e03d

A processing job, like the one outlined here (In the example shown below, a news article covering the pope and Iraq was processed by the NLP pipeline. The computation was powered by workers on the iExec network) doesn't even seem be able to be submitted to a Chainlink node as a smart contract processing request because there aren't even contractual terms between counterparties about some kind of performance of an asset or insurance policy.

>> No.12589176

>>12588869
Yeah makes sense. Certain computation will not need underlying data. If anything, chainlink could get the data from into and out of the iexec processing environment.

>> No.12589681

>>12588869
The troubadour program looks intense. Almost like a AI protocol that anyone can use with their data

>> No.12589793
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Can't wreck the iExec'niggas

>> No.12589839
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12589839

>>12589793
Take the HD one

>> No.12589916

>>12589793
>>12589839
You guys got any more memes?

>> No.12590336

seems pretty dead. should i sell now for a very slight profit?

>> No.12590395

>>12590336
Yeah sell for a 1% profit

>> No.12590453

>>12590336
This coin gives me chainlink vibes. This is exactly how Link behaved last summer

>> No.12590480

>>12590336
If you don't have patience them sell. It it catches it could be huge, but it's speculative right now. It's pretty under the radar right now, but that can be a good thing. Your call

>> No.12591103

>>12588367
In case you missed it rlcbro : https://docs.iex.ec/

Lot of answers here !