Many people rely on Golem - but what does it have to do with it? A look at the Ethereum-based token with the highest market capital.
Golem - the decentralized supercomputer
The aim of Golem is simply described: With the help of this project, a decentralized supercomputer is to be created. This is to create a peer-to-peer market for computing power. The project is thus in direct competition with services such as Amazon Web Services and is the decentralized version of such a service.
The service is to be cheaper than this competition and enable everyone to have the computing network work for themselves, be it for rendering images, for hosting pages or for research purposes.
In the sense of the Sharing Economy, however, it is not just about being able to use computing power but also to offer it. This is how different stakeholder groups at Golem are distinguished:
- The requestors are those who want to use the system for their tasks. These are the ones that allow a complex calculation to be performed. For this reason, they are relying on hardware and software for a fee.
- The providers are the group that provides their hardware for calculations. Similar to the miners, this is not to remain free of charge and so they receive remuneration from the requestors.
- The developers eventually develop software platforms that can be used to access the Golem network in a variety of ways. They also receive remuneration.
GNT - The currency of Golem
What kind of remuneration do the requestors and developers now receive? Finally, with GNT. These tokens are not multiplied by mining or staking, so their number is fixed.
A good introduction to this crypto
Well said , I am Fairly new to the alt crypto world and made some good moves and some bad and GNT was both but have to say this correction at the moment was a tough one
I do not see the correction-phase as "good" or "bad". It is just a chance to BUY MORE and then HOLD MORE at conclusion. Those phases are normal in the crypto-world so you just have to wait and enjoy the "crypto-sale".
interesting, nice description so to your opinion it is a good long term investement ?
I would say Golem is a kind of long-long-term-investment due to the very futuristic technology and goal behind it.