Flipside Daily Mover: RLC
A coin per day, making big moves
RLC Boosts Fundamentals with Release of Version 3
May 16, 2019
RLC FCAS has climbed 22.11% over the last 30-days. Led by a 199-point (52.79%) increase in User Activity, the project also claimed an 80-point (11.2%) spike in Developer Behavior and a 60-point (10.02%) bump in Market Maturity. Price is up 47.1% over the same time period.
Oracles and simulators and DApps, oh my!
The crypto project making all the waves in decentralized cloud computing this week is iExec. The team launched Version 3 of their platform yesterday to much fanfare, revealing a number of key announcements one of which is grabbing major headlines. Their Fundamentals have been on the move as a result, highlighted by an impressive 52.79% spike in User Activity.
In addition to the release of a new Data Wallet where businesses can rent out datasets to users, RLC introduced an Enterprise solution targeting small to medium businesses that will complement their current marketplace where DApps can access computing power on-demand. On the technical side, the project will now support the creation of decentralized oracles for use in Ethereum-based DApps and provide a brokering system for fees to drive down gas costs.
The biggest announcement of the evening was their partnership with EDF, the world’s 5th largest electricity provider. EDF will launch a test program of their visual simulator, GPUSPH, on top of iExec to see how the software operates while utilizing the blockchain.
🌶️ Hot Take
RLC is doing a lot of things right. They have a strong team of developers building quality product for a defined yet expanding target customer-base (DApp creators and now SMEs); solving real problems with tangible uses cases. They provide SDKs to developers who can leverage the iExec infrastructure to execute tasks off-chain, enhancing Ethereum’s scalability, and have an active community presence to help foster project growth and awareness. Under a leadership team with clear vision and sufficient resources, iExec is well-positioned for growth through Q4 when they plan to release Version 4 of the platform.
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