Golem 2018-02-07T20:17:49+00:00

What is golem price where to buy golem

What Is Golem?

Golem is an interesting concept and has drawn a lot of attention in the middle of 2017.
Golem has the idea of putting together a supercomputer and then renting out the computing power.
Potential users of the Golem supercomputer would be able to analyze data and do a variety of a lot
of other things as well with the rented computing power.
The supercomputer would be able to conduct activities that are similar to what is being done on
AWS and other platforms.
Golem is very similar to that of the Pied Piper Idea in the hit show Silicon Valley. Golem is in line
with the concept of distributed computing. Golem is looking to decentralize the network and the
currency.
The benefits with their model is the aspect of computing and overall decrease in cost to access the
computing power.
There are two parties in this system, the users and and the givers.
Givers rent out their computing power and help to add value to the world in various ways. The
givers may not know exactly how they are providing value but know that they are contributing to
some project that has value to some individual or corporation.
The other party is the users, the users are renting power from others and using the functionalities of
the supercomputer to meet their needs.
Those who want supercomputing power will pay in Golem and those who rent out their computing
power will receive compensation in Golem.
The largest issue that the developers are paying attention to, is the aspect of security. This peer to
peer system can potentially have the flaw of security, if the renter of the computing power is not
true in their intent to using the power for good purposes. If the user wants to place harmful code on
the computer of the giver, this can be quite harmful.

Where To Buy Golem?

Golem (GNT) Live Price:

Recent cryptocurrency news

  • Mastercard May Be About To Enable Bitcoin Transactions

Mastercard May Be About To Enable Bitcoin Transactions

July 18th, 2018|0 Comments

Bitcoin and cryptocurrencies has gained unprecedented media attention since being launched in 2009. Many have debated as to whether or not bitcoin will make into mainstream markets, and many have argued that bitcoin needs to [...]

  • Binance first year profits 500 million usd revealed!

Binance Officially Made Over $500 Million Profit In Their First Year Of Trading!

July 17th, 2018|0 Comments

The Binance cryptocurrency exchange has now been live for 12 months. They launched almost exactly a year ago in July 2017 and it's been quite the year. They've become the global leaders in cryptocurrency exchanges [...]

  • binance coin burn dates

Binance Announce Latest Coin Burn | Upcoming Binance Coin Burn Dates | Past Burn Amounts

July 17th, 2018|2 Comments

BINANCE ANNOUNCE LATEST COIN BURN. Since their launch on 14th July 2017, Binance has grown into one of, if not the fastest ever growing company on earth. In an effort to make their coins more [...]

  • World’s Largest Asset Manager BlackRock Looks Into Cryptocurrency, Bitcoin up by 4%

World’s Largest Asset Manager BlackRock Looks Into Cryptocurrency, Bitcoin up by 4%

July 16th, 2018|0 Comments

BlackRock often deemed the worlds largest 'shadow bank' has caused a surge in the cryptocurrency markets after a report in the  Financial News London on Monday cited sources claiming the investment giants are looking into cryptocurrencies [...]