About Golem

Golem is a decentralized type of computing network that is designed to develop a virtual supercomputer. The platform provides the consolidation of a large number of user resources. The idea of implementing this technology arose against the background of imperfect use of the computing power of computers and servers. In addition, the need for the project is due to the demand for complex computing in the field of medicine, cybernetics and robotics.

GNT cryptocurrency is a large-scale platform that is open source. Any user can connect to the system. The technology allows exploiting the computing power of computers of all network participants. This resource is necessary for launching sites and performing a number of complex tasks.

To understand the technological essence of the project, you need effective interaction between the requested party (requester) and the Golem network. Listing a task for both participants ensures effective communication. In the absence of a plan, a special code is written. This feature will be available in the Stone release.

The Brass version of the Golem project includes several templates: Blender and Luxrender. The developers plan that in the near future a full-fledged Golem Shop will appear in the system, where registered participants will be able to add new templates. The algorithm for carrying out technological interaction is as follows:

The capacity provider chooses the best option by checking the reputation of each requester.
Formation of the optimal price tag and publication of data on computing power.
Obtaining the appropriate resources through the IPFS channel.
The authorized manager transmits data for personal confirmation of the result.
The payment system receives a notification through the Ethereum smart contract system.
The amount is sent to the supplier. The transaction is completely secure and excludes outside interference.
A feature of the network is the presence of additional functions. So, with the help of the application registry, developers have the ability to publish their own developments. The transaction framework includes a wide range of requirements for transactional processes.

Golem features

The popularity of the project is largely due to its technological capabilities. The Golem system allows customers to capture cycles from all suppliers. In this case, any user has the ability to add resources directly to the network. Developers are at the center of the ecosystem. The transactional structure is based on Ethereum.

The main functionalities of the Golem platform are:

modern architecture. A high level of scalability and decentralization of the system is achieved through the use of P2P technology;
the reliability of the transactional system. Organization of requests for computing power from suppliers allows you to reach a high-quality level of functioning;
clarity in defining tasks. The smooth functioning of the system is achieved through competent programming;
safe computation. The provider has the ability to choose the lease of a certain capacity (disk space, RAM and even a processor);
reliable reputation system. Each successful calculation affects the rank increase;
distribution of software. Users can submit software to the Golem Network, choosing the best reward option for themselves.
The scope of Golem is fairly common. The versatility of the platform affects its overall market capitalization. Anyone can use the development. The system is suitable for image processing, various studies and launching Internet portals of any complexity. The main areas of application of a digital asset are:

Computer graphics. The platform allows you to handle CGI rendering.
The sphere of commerce. The system is suitable for analyzing processes in the stock market and reducing costs.
Machine Learning. The Golem project significantly speeds up this process.
Encryption system. The launch of decentralized pools is now even more accessible. The platform provides significant assistance in factorization.
Scientific environment. The technology is used in DNA analysis, modeling, development of new methodologies, etc.
Microservices. With the help of a special registry of applications, users can run various dapps.

How is Golem created?

Golem cryptocurrency is a popular development of Polish programmers. The functional platform includes a P2P peer-to-peer system. The digital asset entered the market in December 2016. The project was founded by the Polish programmer J. Zawistovski. The expert gathered a team of experienced professionals and began to work actively. The composition of the developers is as follows:

Petr Janluk - co-founder, chief specialist of the strategic development department;
A. Regulski - Chief Executive Officer. Its task is to control marketing processes.
Alexandra Skrzhypchak - Head of the Department of Software Engineers;
Pavel Bulitsa - Lead Engineer Ethereum;
Marek Franciszkiewicz is a senior software engineer who takes part in a systematic upgrade of the project.
The companys headquarters are located in Warsaw. The official roadmap clearly shows the order of development of the project. In the process of improving technological developments, the market capitalization of the project increases. The founders of IMAPP have degrees in economics and computer programming.

The implementation of the project includes several interrelated stages, namely:

Brass (Bass) - July-August 2017. The specialists focused on the modernization of CGI rendering. This option will be useful for designers, architects and professional animators.
Clay - mid-October 2018. The functional expansion of the platforms capabilities included the launch of a full-fledged application registry.
Stone (Stone) - the end of implementation is scheduled for 2020. A set of ready-made classes will be added to the system. The certification mechanism will allow users to add applications to a single registry. Subscribers will be provided with off-the-shelf software through the cloud computing model.
Iron - end of 2024. Reliable operation of the system is ensured by the automatic distribution of tasks and the development of the Golem library.
The ultimate goal of the developers is to scale and popularize the project. The introduction of advanced developments into the system allows creating additional demand for a digital asset. Despite its "youth", the project managed to gain confidence in the market. A large number of investors see it as an excellent investment opportunity. Ecosystem development is a long and orderly process.

Is Golem endless?

Golem (GNT) is a peer-to-peer decentralized platform for computing power. The goal of the project is to become an alternative to centralized cloud service providers with a lower cost and open source community of developers. The Golem Network brings together global computing power and allows users to access these resources using GNT. Token holders pay resource holders to complete tasks that require computing resources. The network consists of the aggregate power of user devices. The Golem is reportedly capable of computing tasks that span the entire spectrum from CGI rendering to machine learning. Transactions between participants are considered safe, since all calculations are carried out on a decentralized basis.

The project developers decided to limit the total emission of GNT coins to 1 billion units. The first token sale took place in mid-October 2016. As of December 11, 2019, the circulating supply of cryptocurrency on the market is 980 million. The balance of assets is provided to maintain the rate in the future.

In the process of development, the course in September 2018 reached a level of 0.14 USD. For all the time, the best indicator is 1.15 USD. Since the beginning of 2019, this trend has been decreasing. Registered users have the opportunity to buy and exchange cryptocurrencies, earning on its volatility. Experts agree that a digital asset will significantly increase in value over the next few years. This forecast is primarily related to the successful implementation of the approved tasks in the roadmap. The key points are:

direction Brass. Mining will become available in the background on different video cards. Specialists develop documentation and consensus mechanism;
Clay format. Integration with Nvidia system and SGX technologies. Updated protocols will increase operational efficiency;
research work in the direction of Graphene;
functioning of the CGI. Commercial rendering of applications will have a positive impact on project capitalization;
formation of architecture for a number of computing centers.
Changes in the GNT coin rate are caused by a number of reasons. First of all, this concerns the market correction. The cryptocurrency depends on the Bitcoin exchange price.

Golems strengths

The technological features of the Golem platform are its main advantages. Users note the following advantages of the system:

Versatility. The project is suitable for solving a number of functional tasks.
High level of operational safety due to decentralized operation format.
Gradual scaling.
Reliability and efficiency in data processing. Large volumes of calculations are performed on a virtual computer. Suppliers cannot influence this process.
Mutually beneficial cooperation between all network participants. This is facilitated by the organization of a peer-to-peer architecture.
Competent prescribing of smart contracts ensures the reliable operation of the Ethereum-based platform. The project team consists of professional programmers, marketers and managers. To get coins, it is enough to install a special program on a personal computer. Experts agree that in a few years the ecosystem will increase several times. As a result, this will lead to the market capitalization of the project.

Golem in TOP currencies

As of mid-December 2019, the GNT coin rate is $ 0.03. The market capitalization of the project is $ 33.9 million. This figure is expected to increase to 50 million. The daily trading volume of the cryptocurrency is $ 4,510,000. The high level of return on the project (250%) indicates its prospects. Every year the value of a digital asset will increase.

In the list of the interactive platform CoinMarketCap, Golem is included in the TOP currencies and takes 106th place. The absolute maximum of the coin rate was $ 1.32. This indicator is a benchmark for the normal value of an asset. A large number of investors are considering a project for investing money in the long term. After a while, you will be able to earn a good profit. It is best to store the ERC-20 cryptocurrency based on Ethereum in an official wallet. Alternative options are Parity and MyEtherWallet.

You can buy tokens without any problems on popular cryptocurrency exchanges. Mining is also a working option. This process is available using the beta version of Golem. Leasing the computing power of a computer is a lucrative scheme.