What is Golem?

                                                  

What is Golem crypto? The goal of this project is to create a decentralized global computing network that enables decentralized microservices and asynchronous task execution. Users can share personal CPU/GPU to contribute computing power, and the network will judge the contribution according to the algorithm and give rewards, which can be used in CGI rendering, scientific computing, artificial intelligence and other fields.

What practical problems are solved? The current computing market is dominated by giant Internet companies such as Microsoft, Amazon and Alibaba. In such a pattern, the most serious problem is the high cost of computing services.

According to the Cloud Services report, more than 52% of companies spend more than $1.2 million a year on cloud services; 26% spend more than $6 million a year on cloud services, and this spending will continue to expand in the future.

At the same time, there are hundreds of millions of personal computers in the world, but the computing resources of these computers have been idle and wasted for a long time. Using these idle resources will greatly reduce individual expenditures and social costs, and realize resources. Maximize the use.

How to achieve? Connecting computers to a P2P network allows application owners and individual users (power demanders) to rent computing power from other users (operating power suppliers). The computing power demand side, the computing power supplier and the software developer in the whole network are closely connected through the certificate, and the overall structure is shown in the following figure.

Develop a payment transfer framework on the Ethereum network, encourage the entire community to participate in the project through the incentives of the pass, and write the application registration market as an intelligent contract for the Ethereum network.

Therefore, the consensus is achieved based on the Ethereum network. In addition, developers can publish applications on the Golem network to participate in the project to get rewards.

Aside from the project, GNT has already been launched on major global exchanges, so it has good liquidity. From the perspective of the team's position, the team holds about 15% of the tokens, and the chips are relatively scattered, so Golem price is unlikely to be manipulated by the team.

From the team's point of view, the project is currently operating in the form of a company. The main body behind is GolemFactory Gmbh in Switzerland. The company team members' information has already been published. According to the code evaluation results, the team's code specification has remained high. The update team has a good technical strength.

Overall, this project still has a long way to go. So far, the Golem market cap is $132,454,042.