Golem (GNT) – is a global supercomputer which can be accessed from any corner of the globe. It is a mesh of computers supported by data hubs to help you complete select tasks simply in daily life. GNT has been in the cryptocurrency market for a while now and is more of a veteran coin than most. It used to trade in the top ten ranks. The Golem network brings together computation power from other devices processing power. This is an open source outfit that easily allows you to use their native coin to pay for any computer power as you need. Users can sell processing power to make money swell.
Golem (GNT) chart – source coinmarketcap.com
Golem (GNT) is set up to be a dominant force in the cryptocurrency community and can become one of the most successful tokens of our time. The sharing economy is based on a peer-to-peer concept and is a unique market place for computation power that is affordable and ideal for those in the software development sector.
Golem is based on Ethereum and makes settling payments easy between network users. You do not have to use fiat or credit cards to make payment son the GNT and all services are paid for using the native GNT tokens. The system creates a decentralized meeting point for all users worldwide and is a marketplace where you can sell computing power. Alternatively, the platform allows you to buy computing resources to perform various tasks and be rewarded for that. In order to understand the entire GNT concept, many are quick to refer to it as the AirBnb of computers. The system simply uses unused computational power to help those who require it and as a provider ,you get rewarded. Users can perform tasks and get paid by the system’s clients.
Golem allows all people to reap the benefits of blockchain and enjoy open source protocol and easy access to computing services. It ensures the masses can participate in cloud computing systems without being fleeced by the traditional service providers. Golem users are able to integrate their systems to the network, making this a useful protocol that is being used for true purpose daily.
Experts, like John Mcafee, have predicted this coin to hit a high of $5 within the next couple of months but that was not mean to be. Maybe next year will be different. It is evident that Golem’s “time to shine” has yet to come and the token can very well see an incoming bull run. The Golem price has shown signs of bullishness and recovery as the coin gained marginally against major currencies and now ranks at #40 in market cap. The coin has currently dropped below the $.40 cent mark and now seems like a good time to buy.
$5:00 by August 10th.
— John McAfee (@officialmcafee) May 30, 2018
Golem (GNT) is an absolutely revolutionary idea; a concept manifesting through blockchain with a token expected to skyrocket. Golem is a global, open source, decentralized supercomputer that can be accessed by anyone. It is made up of combined power of users’ machines, from PC’s to entire data centers. Golem is capable of computing a wide variety of tasks, from CGI rendering, to machine learning and scientific computing. Many are convinced that this platform is already succeeding at enabling users to buy and sell computational power from other users in a peer to peer environment as Golem creates a decentralized sharing economy of computing power and supplies software developers with a flexible, reliable and cheap source of computing power. Golem utilizes the Ethereum-based transaction system to settle payments between providers, requestors and software developers and all computations take space in sandbox environments and are fully isolated from the hosts’ systems.
Golem will be able to benefit people the way blockchain has set out to do since the beginning. Blockchain technology is very useful and is manifesting now before us.
Because Golem is decentralized, it can never be monopolized and this is what assures a bright path looking forward. The long term goal of the Golem network is to provide a safe network for sharing computer processing power, while maintaing a secure decentralized ledger. Finally added on major exchanges like Binance and Bittrex, the Golem team has slowly but surely been advancing and it is even possible that the coin could be listed on Coinbase, however that may be a bit further down the road. As more members of the community test out the main net version of Brass Golem, the more development and progression will follow, and the more the value of the token will progress.