iExec, the project that deals with the cloud solution for dApps and provides blockchain-based decentralized cloud computing has announced the release date of it Cloud Marketplace – May 31. iExec v2.0 will feature fully operational marketplace platform network accompanied with the PoCo algorithm that, in its essence, enable the first decentralized cloud.
At iExec we do believe in decentralized economy, and we are proud to build the next Internet that will support your business in this new ecosystem.
CEO & founder, iExec
To be more specific, the marketplace will allow the trading of computing resources as commodities. The key point of the upgrade is the ability for computing resources to join iExec network. Up to now, off-chain computations with iExec were performed on the project's own machines and dApp developers had to trust iExec for the correct execution.
In the marketplace users will be able to choose from different worker pools, see their prices and select the most suitable pool for their needs. Among other features there will be Pay-per-Task pricing method and Proof-of-Contribution consensus protocol elaboration. More details on the update can be found here, and the project page can be studied here. At the moment of publication, iExec market parameters are as follows
- Average price: $1.57
- Market cap: $126,069,863
- Volume (24H): $2,254,410