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Golem is a decentralized computing network creating a global marketplace for computing power, leveraging blockchain technology. Participants can rent out their unused CPU/GPU capabilities, earning GLM, Golem’s native cryptocurrency, which facilitates transactions within the ecosystem. Launched in 2016 on the Ethereum platform, Golem aims to be a cost-effective alternative to traditional cloud providers and serves various users from individuals to enterprises. The network supports diverse applications, including CGI rendering and scientific computation, enhancing efficiency through task segmentation and parallel processing. With a total supply of 1,000,000,000 GLM, it trades on 175 markets and has a 24-hour trade volume of approximately $18.97 million. Golem is open-source, encouraging developers to build and share applications, contributing to its library of resources. More information is available at the Golem Network website, and community support is accessible on their Discord.
Golem is a decentralized computing network creating a global marketplace for computing power, leveraging blockchain technology. Participants can rent out their unused CPU/GPU capabilities, earning GLM, Golem’s native cryptocurrency, which facilitates transactions within the ecosystem. Launched in 2016 on the Ethereum platform, Golem aims to be a cost-effective alternative to traditional cloud providers and serves various users from individuals to enterprises. The network supports diverse applications, including CGI rendering and scientific computation, enhancing efficiency through task segmentation and parallel processing. With a total supply of 1,000,000,000 GLM, it trades on 175 markets and has a 24-hour trade volume of approximately $18.97 million. Golem is open-source, encouraging developers to build and share applications, contributing to its library of resources. More information is available at the Golem Network website, and community support is accessible on their Discord.
Golem is a decentralized computing network that creates a global marketplace for computing power by leveraging blockchain technology. It allows participants to rent out unused CPU/GPU capabilities to those who need additional computational resources, offering a cost-effective and accessible alternative to traditional cloud providers.
The Golem Network operates as a peer-to-peer marketplace for distributed computing resources, using its native cryptocurrency, GLM, for transactions within the ecosystem. Requestors use GLM to bid for computational tasks, which providers complete to earn GLM, facilitating efficient and accelerated computations.
Golem provides a more affordable and transparent alternative to traditional cloud services by allowing participants to leverage idle computing resources. This decentralized approach ensures security via the Ethereum blockchain, offers scalability with parallel processing of tasks, and supports a wide range of applications from CGI rendering to scientific calculations.
By utilizing the Ethereum blockchain, Golem ensures a secure and transparent environment for transactions. The decentralized nature of blockchain technology offers robust protection against fraud and unauthorized access, ensuring that all exchanges and computations on the network are securely recorded and verifiable.
Golem caters to a diverse range of users, from individual developers to large enterprises, looking for cost-effective computational resources. It can handle various types of applications, including CGI rendering, AI computations, and scientific research, making it a versatile tool for complex tasks across different industries.
To get involved with Golem, you can join their Discord community, where you can find support and guidance on becoming a Provider or a Requestor on the network. As a Provider, you can earn GLM by offering computational resources, while as a Requestor, you can utilize GLM to secure the computational power needed for your tasks.
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