About Golem (GLM) Coin
Golem (GLM) 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 (GLM) Coin connects computers in a peer-to-peer network, enabling both application owners and individual users (“requestors”) to rent resources of other users’ (“providers”) machines. These resources can be used to complete tasks requiring any amount of computation time and capacity. Today, such resources are supplied by centralized cloud providers which, are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Also core to Golem’s built-in feature set is a dedicated Ethereum-based transaction system, which enables direct payments between requestors, providers, and software developers.
Golem (GLM) Coin function of Golem as the backbone of a decentralized market for computing power can be considered both Infrastructure-as-a-Service (IaaS), as well as Platform-as-a-Service (PaaS). However, Golem reveals its true potential by adding dedicated software integrations to the equation. Any interested party is free to create and deploy software to the Golem network by publishing it to the Application Registry. Together with the Transaction Framework, developers can also extend and customize the payment mechanism resulting in unique mechanisms for monetizing software.
Golem (GLM) Storage Key Points
|Circulating Supply||1.00B GLM|
|Source Code||Click Here To View source code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Golem as an Ecosystem
Golem (GLM) Coin business case boils down to the fact that, due to relatively recent technological advances, the market for computing resources can be organized according to entirely new principles. In contrast, the compute market today is dominated by heavyweight players such as Amazon, Google, Microsoft and IBM, who leverage their market power and assets to ensure hefty margins, resulting in inefficiently priced compute services. Luckily, the market is not doomed to function this way forever. With Golem the supply of computing resources is based on contributions of individual and professional providers, combined with an array of dedicated software solutions via Golem’s Application Registry – itself operating on a single and competitive market with nearly complete information market.
Golem Network Token (GNT)
Golem (GLM) Coin Token (“GNT”) account is a core component of Golem and is designed to ensure flexibility and control over the future evolution of the project. GNT is created during the crowdfunding period (described in this whitepaper) and, following the first major release of Golem, GNT will be attributed a variety of functions in the Golem network.
● Payments from requestors to providers for resource usage, and remuneration for software developers is going to be exclusively conducted in GNT.
● Once the Application Registry and Transaction Framework are implemented, GNT will be necessary for other interactions with Golem, such as submitting deposits by providers and software developers or participation in the process of software validation and certification (as described in the Application Registry section)
. ● The general conditions for using GNT will be set in the Transaction Framework, but specific parameters of these interactions will be possible to define within each software integration.
Develop Faster, Better, more Freely
Golem (GLM) Coin through its cutting-edge architecture, lets developers create ambitious projects without constraints, enabling users to process them at top speeds
Creative freedom lives here
Our open-source platform is flexible, entirely programmable and promotes creativity while eliminating any concerns of censorship and deplatforming through the unrestricted, proxy-free network. The Golem Network fosters innovation by providing builders with the creative freedom they deserve.
Profit from Idle Computing Power
Provide your unused computing capacity to those who most need it and get paidin GLM. The Golem Network settlement layer is built on top of Ethereum’s Layer 2, allowing for cheaper transactions.
Golem (GLM) Coin There is a chance that a Clay Golem will be possessed by a chaotic evil spirit. If this happens control is lost and the Golem attacks the closest living creature. Clay Golem is a big leap from the Brass milestone. Clay milestone introduces the Task API and the Application Registry, which together are going to make Golem a multi-purpose, generalized distributed computation solution. Developers now have the means to integrate with Golem. This advance, however, may come at the cost of compromised stability and security, so this version should be considered an experiment for early adopters and tech enthusiasts. Prototype your new ideas and solutions on Clay. Clay Golem should be delivered within 15 months after end of crowdfunding period.