Many people think that when launching any new projects about currencies it is for the purpose of personal enrichment or to show their level of intelligence. But there are those who are launching new projects in the field of blockchain technologies , the only goal of which is to improve the life of human society.
But Satoshi Nakamoto created an alternative payment system because the traditional system had become outdated and led to a general crisis. Despite the apparent success of the Bitcoin project, its founder decided to stay hidden as he proved that he did not want others to be seen as smart. His goal was to improve society.
The topic of today's review is the Golem cryptocurrency , which cannot also be considered a regular digital token, as the developers of the project developed a new idea of its kind that is worth talking about, and it is also a new generation cryptocurrency.
golem coin ecosystem
Golem is digital money and the Golem currency ecosystem is based on the Ethereum blockchain. Its main task is to combine the resources of community members into one supercomputer.
Thus, everyone will be able to perform operations of any level of complexity by renting a full-fledged data center for their own purposes.
Golem is one of the first blockchain projects in the Ethereum ecosystem. The team calls it the Airbnb desktop service If anyone doesn't know what Airbnb is, Airbnb is one of the most popular sites in the West for short-term apartment rentals. And if you are on vacation or on a business trip, you can insert your Airbnb listing to connect directly with a tenant and you can rent your own home with the services of a real estate agent. Golem also helps make money by providing computing power to users who need it and are willing to pay for it using the glM cryptocurrency.
golem coin history
GLM coin was launched in November 2016 after the ICO. The development plan is divided into 4 periods, and each one is named after one of the levels in the famous Dungeons and Dragons game.
copper golem It is a beta test and the system only performs work related to modeling and visualization and these requests often come from CGI artists.
Clay Golem , where in this move he made a huge leap in progress.
Stone Golem , in this step it has improved stability and security and expanded the functions that were implemented in the previous period.
Iron Golem , and in this step it has allowed programmers to run decentralized applications outside the sandbox and during this period all the main parameters of the system will be improved such as:
- tolerance
- stability
- performance.
Specifications coin golem
A computing platform that combines people's resources into a single computer should have such qualities as:
- frankness
- Security
- scalability
And in order for the Golem cryptocurrency network to meet these requirements, the developers have implemented the latest technological developments, such as:
- Peer-to-peer network architecture.
- Multi-user transaction processing system.
- Automatic task distribution method.
- The ability to perform local calculations on isolated nodes to increase the level of security.
- Automatic classification of network nodes according to the acquired reputation.
Each developer can create, distribute and charge for their applications but computing tasks must be designed as Ethereum smart contracts and distribute applications between nodes according to classification using the IPFS file system. Docker also plays an important role in this process as it protects the system from information leakage.
Golem can be used for:
- Solutions to modeling and visualization problems. Copper Golem only works in the field.
- Analyze large amounts of data in business accounts.
- machine learning system.
- Crypto accounts. With the help of Golem you can run a decentralized virtual coin mining pool and work on a factor-inclusive algorithm.
The super powerful computing platform will be useful in scientific research and in the creation of decentralized microservices and dapps. As new technologies are developed, the reach of the Golem will expand even more.
Who runs the golem . project?
Cryptocurrency Golem can be called a Polish startup as the head office of Golem Factory GmbH is located in Warsaw and almost all of the team members are citizens of the Commonwealth.
The project is managed by:
- Peter Janyuk - Company co-owner, CEO
- Grzegorz Nowakowski - lawyer
- Maria Paula Fernandez - Consultant
- Agnieszka Stawowczyk - Operations Manager
- Jan Betley - Senior Software Engineer
- Mikolai Parvitsky - architect
- Wittold Dzinciol, Jacob Mazuric, Adam Myzersky - Programmer
- 36 employees.
And miners in this network have nothing to do as Golem mining is not practiced but you can get GLM digital asset by renting computing power however older version of Golem Network (Clay) running on Windows is no longer supported.
In September 2021, the Throg platform was launched based on the Golem network, using free computing resources to mine Ethereum and to participate in ETH mining and the user must install and configure the Thorg app.
You can download it from here . The application has a simple graphic interface and is very easy to use. Once you launch it, the application connects your device to the Golem network and starts mining Ethereum. The bonus is paid in GLM tokens through the Matic Network. But your computer's graphics card must have at least 6 GB of memory to function properly.
How to buy golem coins
Golem tokens are readily available and you can buy them with other cryptocurrencies or fiat currencies on 45 exchanges.
And the best ones are:
- Binance
- Poloniex
- Bittrex
- bithumb
- Huobi Global
But we recommend using the services of the Binance exchange as it has the highest daily GLM turnover and supports 2 trading pairs. The exchange also offers customers many options to buy Golem cryptocurrencies .
golem coin wallets
GLM is an ERC-20 token and can store this asset on MyEtherWallet and other crypto wallets that support Ethereum-backed tokens.
The coin also supports Trezor and Ledger wallets. You can use the Golem paper wallet as it is suitable for long-term storage.
conclusion
The project has promising prospects and the main thing is that the developers take the matter to the end.
And I believe that in the near future the decentralized internet will become super circulating and we will all be able to share content securely and directly as the Golem will be useful not only for calculating specific tasks but also for the wholesale rental of machines that perform operations in a self-regulating ecosystem.
It is also recommended to add glM cryptocurrency to your investment portfolio, but be patient and do not count on quick profits.
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