On April 28th 2016 the Golem Project was announced, led by Golem Factory. The network launched on mainnet on April 10, 2018. The Golem Network is a decentralized computation network, a new way of distributing redundant computing power to those who are in need of it, on-demand. It creates a peer-to-peer network where users join on an equal basis to buy and sell computation, splitting up complicated tasks into smaller subtasks in the network. In Golem there’s no central authority and no user is more or less important than another.
GNT or Golem Network Token is needed to pay for computations on the network and is the currency that drives our marketplace. As a Requestor, you set a bid for an amount of GNT you are willing to pay to have your task completed. As a Provider, you earn GNT by computing tasks for Requestors. You can set your minimum and maximum price thresholds in your settings.
Golem tools include:
Attention. There is a risk that unverified members are not actually members of the team
$24 659 702
Golem is an ambitious project that uses distributed cloud computing to make supercomputing power available to the masses. It so far only works for CPU CGI rendering, but the team is working hard to develop more use cases. The success of Golem depends on these factors. Golem is a three-sided marketplace that lets providers rent out computing power to requestors to perform calculations using compatible software. Instead of mining, GNT is earned by providing adding your computer to the cluster. Tasks are divided into subtasks and completed based on available power. Intel SGX isolate Golem processes from the rest of your computer to ensure end-to-end security of data and files being processed. Golem Factory is actively seeking developer and requestors to ensure a sustainable market for providers. Machine learning and other use cases are in the works. With these pieces in place, Golem is well-positioned for future success. Whether graphic designers, scientific research teams, video game developers, or movie producers, access to supercomputing power can achieve things once only accessible to super-wealthy and corporate conglomerates. Golem is flipping that paradigm on its head. It’ll be interesting to see if they can convince professionals at conferences like the National Association of Broadcasters Show (NAB) or the Game Developer Conference (GDC) to accept their solution. Keep watching the cryptocurrency news and the Golem price and market cap for the answer.
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