Golem Coin (GNT)
Posted on May 16, 2018
Golem coin is the first truly decentralized supercomputer, creating a global market for computing power. Combined with flexible tools to aid developers in securely distributing and monetizing their software, Golem altogether changes the way compute tasks are organized and executed. By powering decentralized microservices and asynchronous task execution, Golem is set to become a key building block for future Internet service providers and software development. And, by substantially lowering the price of computations, complex applications such as CGI rendering, scientific calculation, and machine learning become more accessible to everyone.
- Golem offers a decentralized alternative to standard cloud computing
- Developers are able to customize the payment system to create unique mechanisms for their own software.
- According to their roadmap, it will take approx. 4 years before the platform is fully operational
- Its scalability will be dependent of Ethereum’s roadmap
The Brass Golem mainnet was launched in early April 2018.
The Golem roadmap doesn’t include precise dates, but the upcoming updates are:
- Clay Golem – will “introduce the Task API and the Application Registry, which together are going to make Golem a multi-purpose, generalized distributed computation solution.” In short, it will give developers the ability to integrate with Golem.
- Stone Golem – will “add more security and stability, but also enhance the functionalities implemented in Clay.” This will be a refining process where complementary mechanisms will be introduced along with advanced versions of preexisting features.
- Iron Golem – will be “a deeply tested Golem that gives more freedom to developers, allowing them to create applications that use an Internet connection or applications that run outside the sandbox.” Iron will be something close to a finalized product.
Golem Coin Governance
Golem offers an Application Registry where anyone can publish their own applications that are ready to run on Golem network.
The Application Registry splits users into three categories: authors, validators and providers. Authors publish applications, validators review and certify applications as safe and trustworthy by adding them to their own whitelist. Validators may also mark applications as malicious by adding them to their own blacklists. Providers are also given the right to choose whom to trust by selecting validators whose lists are used by the particular instance of Golem running on their nodes. Apart from that, providers may maintain their own whitelists or blacklists.
Golem coin is very similar to iExec in what they are trying to achieve (decentralized crowd computing) but they are approaching it at a different angle (single task rendering vs trusted providers).
Golem is partnered with Streamr and FriendUP.
GNT is traded on Bithumb, Upbit, OKEx, Huobi, Liqui, Binance and Bittrex.
Golem coin is a protocol layer built on top of the Ethereum blockchain.
Telegram: 2,954 members
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May-2018: 0.59 USD
April-2018: 0.19 USD
Feb-2018: 0.40 USD
Dec-2018: 0.31 USD
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This document is intended for informational purposes only. The views expressed in this document are not, and should not be construed as, investment advice or recommendations.