Age_of_Crypto

RLC/USD What should miners do after switching ETH to POS ?

Long
Age_of_Crypto Updated   
BINANCE:RLCUSD   iExec RLC
I've been following this project for a very long time and today I'm ready to share my thoughts, as it is very relevant on the threshold of Ethereum transition to POS!

Thanks to such projects as iExec ( RLC ) miners will be able not just to burn electricity looking for zeros and ones, but to sell their computing power to BUSINESS!

iExec ( RLC ), briefly about the most important

iExec claims to have created the first decentralized marketplace for cloud computing resources. Blockchain technology is used to organize a marketplace network where users can monetize their computing power, applications and data sets. By providing on-demand access to cloud computing resources, iExec can reportedly support compute-intensive applications in areas such as AI, big data, healthcare, rendering or FinTech.

The iExec network consists of computing resource providers. The providers of computing power are called "iExec Workers." As workers, users can connect their machines and be rewarded in RLC tokens for providing resources to the network. Application providers can monetize their applications and algorithms. Data providers who own valuable datasets can make them available for use by applications through iExec. The iExec PoCo (Proof of Contribution) consensus protocol provides consensus on off-chain computing and can also be used to integrate decentralized oracles with iExec.

iExec believes its strength lies in robust autonomous computing. Its representative leads the Reliable Computing group within the Ethereum Enterprise Alliance. It is working with Intel 🔥 to release a "reliable computing" solution for blockchain (TEE using Intel SGX ). Other iExec partners include Alibaba Cloud, IBM , Genesis Cloud, electrical equipment company EDF , EEA and Ubisoft. iExec was a member of the Trusted Compute Framework (Hyperledger Avalon) along with Microsoft , Intel , ConsenSys , Envision , PegaSys and Kaleido.

iExec works with various organizations and consortia to provide scalable, secure and easy access to services, datasets and computing resources.


I tried to show clearly which wave we are in on the additional indicators. Designated 2 levels to fix profits, as this is the market and it does not always fulfill analysts' forecasts).


☝️ But we should not equate 90% of shithcoins with such coins. Next year we will see the collapse of the biggest bubble, after which new "Googles" will appear and RLC will be one of them, part of the Ethereum virtual computer.
Comment:
The collapse of FTX makes adjustments, now a very likely red scenario. In this case, the goal will be achieved in August 2023.


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