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What is iExec?

A decentralized platform allows applications to harness dependable off-chain computation and data services. This groundbreaking market network provides an avenue for participants to generate revenue from their applications, servers, and datasets. Developers can take advantage of iExec to overcome the limitations imposed by blockchain technology by executing their computations on a state-of-the-art distributed infrastructure. At the same time, providers can earn income by leasing their computing power to carry out tasks for diverse applications. Token holders can actively participate in the cryptocurrency ecosystem, trading RLC tokens whenever they wish. iExec not only revolutionizes cloud computing but also enables the exchange of cloud resources globally, similar to other traded commodities. Users can effortlessly tap into extensive computing power from providers who offer competitive pricing. Moreover, iExec equips developers with CLI and JS libraries to support their initiatives. By leveraging the iExec decentralized cloud, users can conduct ‘off-chain’ computations, effectively tackling the scalability issues faced by Ethereum while paving the way for fresh opportunities for innovation and expansion. This transformation signifies a notable advancement in the manner in which cloud resources are accessed and utilized, enhancing the overall efficiency of the technology landscape.

What is Truebit?

Truebit acts as an enhancement to blockchain technology, enabling smart contracts to carry out complex computations using traditional programming languages while reducing gas fees. While smart contracts are adept at managing small computations with precision, they encounter considerable security risks when dealing with larger tasks. To tackle this challenge, Truebit implements a trustless oracle that upgrades existing frameworks, ensuring that complex operations are performed accurately. Smart contracts can submit computation requests to this oracle as WebAssembly bytecode, and in exchange, anonymous miners receive rewards for supplying correct solutions. The oracle's protocol guarantees accuracy through two distinct layers: a unanimous consensus layer that allows anyone to dispute incorrect results and an on-chain mechanism that encourages participation and ensures fair compensation for contributors. This implementation is achieved through a creative combination of off-chain infrastructure and on-chain smart contracts, thereby boosting the overall efficiency and security of blockchain systems. By improving computational reliability, this dual strategy also cultivates a stronger ecosystem for decentralized applications, paving the way for more advanced use cases in the future.

Media

Media

Integrations Supported

Ethereum

Integrations Supported

Ethereum

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

iExec

Company Location

France

Company Website

iex.ec/

Company Facts

Organization Name

Truebit

Date Founded

2017

Company Website

truebit.io

Categories and Features

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IS Decisions

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