ETHDenver takes place on February 14–16. One of the biggest Web3 or Ethereum hackathons in the world, it is, of course, the most anticipated event of the blockchain developer community! This year, iExec will be playing a major part in the event, with presentations, workshops, bounties and even potential co-bounties with your favorite Web3 projects!

This post will introduce our project, what you can expect from the event and why iExec stack might interest you.

→ ETHDenver applications are open! ← Sign up now and to get working on those sweet bounties!

Completely new to iExec? Here’s the low-down:

Firstly, a recent video: meet the team, get a bit of history about the project active since 2016 and get an insight into what the future Web3 cloud computing could look like:

Since 2016, iExec has been developing the first decentralized marketplace for cloud computing resources. The network allows anyone to monetize their computing power, applications, and datasets. By providing on-demand access to cloud computing resources, iExec supports compute-intensive applications in fields such as AI, big data, healthcare, rendering, or FinTech.

The iExec network is made up of computing resource providers. Computing power providers are called ‘iExec Workers’. As workers, users can connect their machines and be rewarded in RLC tokens for contributing 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 consensus protocol ‘PoCo’ (Proof of Contribution) provides consensus over off-chain computing and can also be used to integrate decentralized oracles with iExec.

Today, iExec strengths in trusted off-chain computing. Leading the ‘Trusted Compute Working’ group within the Ethereum Enterprise Alliance and has partnered with Intel to release a ‘trusted compute’ solution for blockchain (confidential computing using Intel SGX).

iExec: The perfect fit for a hackathon submission

With iExec, the integration of existing applications is easy!

Got an application? Even an idea for an application? Want to give it that decentralized and distributed edge? With iExec, developers can easily decentralize their existing applications, whereby it is powered by a decentralized network, where computation is carried on separate nodes over the network with no node instructing one another.

Using the iExec SDK to set up your application to be powered decentralized fashion could not be more simple and brings with it numerous advantages, including monetization opportunities. iExec is the perfect stack if you want to showcase your own existing application, adding an even deeper level of decentralization.

It can be as simple as setting up a docker container for deterministic computational tasks to be powered by the iExec decentralized and distributed network of computing nodes.

The iExec consensus protocol Proof-of-Contribution (that provides consensus over off-chain computing) can also be used to run your own decentralized oracle on iExec (trusted using TEE).

We’ll be keeping an eye out and favoring project submissions involving a Confidential Computing element! Add an extra level of security using the iExec TEE Solution (with Intel SGX).