Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has iExec, and is trustworthy!
You can find our top 3 exchanges for buying iExec here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy iExec
And of course, the final step is to find iExec on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy iExec (RLC)
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How to Sell iExec
- Sign into the exchange
- Find where you stored your iExec, either on a hardware wallet or on the exchange.
- Transfer your iExec to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell iExec.
Considerations when looking to buy iExec.
iExec is the leader in blockchain-based decentralized computing. Blockchain is used to create a market where computing power can be monetized, as well as apps and data.
This is done by offering on-demand access cloud computing resources. IExec supports applications in areas such as big data and healthcare, AI, rendering, fintech, and AI. IExec was established on October 16, 2016 with the aim of reinventing cloud computing by creating a new paradigm in cloud computing.
iExec is based on the XtremWeb–HEP, an open-source desktop grid program that implements features like multi-applications and fault-tolerance for multi-users, deployment virtual images, private infrastructure, security, data management, security, and many more.
Computing resource providers make up the iExec network. These people are called iExec Workers. Users can join these workers by connecting their computers and are rewarded with RLC tokens if they contribute their resources to the network.
App providers can monetize algorithms. Data providers who own valuable data can make them available through iExec. Then there is also the consensus protocol known as PoCo or proof-of-contribution that provides consensus over the off-chain computing. Thanks to this proof-of-contribution, external resources providers have the usage of their resources certified on the blockchain itself.
IExec also offers distributed applications on the blockchain known DApps. It allows for secure, scalable and easy access servers, data-sets, and computing resources. Since all this is done on Ethereum, it makes it possible to create a Virtual Cloud Infrastructure that can provide high performance computing services on-demand.
iExec supports emerging blockchain-based distributed apps and enables high-performance, cost-effective computing through a decentralized cloud infrastructure. A distributed cloud makes it easier to access machines and will dramatically increase the environmental footprint of data center data centers.