InfoByte | Golem (GNT)

Penny for your Supercomputing?

golem-header

Human history is a Gaian dream. ― Terence McKenna

 

Information + Resources

 

Official Site
Golem.network

 

Whitepaper
The Golem Project

 

Development Roadmap
Golem Whitepaper

 

Beginner’s Guide
Beginners Guide to Ethereum Tokens

 

News sources
The Golem Project blog
Cointelegraph

 

Social Media
Twitter
Facebook
Subreddit

 

Wallets
Exodus
Jaxx

 

t3_6dw4ss.png
An early render on Golem’s alpha. It took much longer than a home work station would but it’s a start.

Description

Golem is the first global decentralized supercomputer dedicated to graphics rendering. It enables peer-to-peer sharing of processing power between requesters and providers. It enables any size of computation to be done given enough collective processing power and “fuel” in the form of Ethereum ERC-20-derived Golem Network Tokens (GNT), based on the Ethereum blockchain. They successfully raised 820,000 ETH in their 2016 crowdsale. The service is in its very early days but shows immense promise, with the above image being some of what it can do in alpha. Any process using graphical computations will be able to take advantage of this type of cloud computing, and there are vast applications for this type of math from data analysis and rendering to neural networks and quantum computing.

Golem believes the market demand for cloud rendering could sit at $1.6bn by the end of 2018. This is worth watching. It’s really hard not to nerd out over this one’s potential, but all of blockchain has yet to take off in the way it needs to to support the processing power needed for Golem. Supercomputing is a multi-billion dollar business and Golem allows both the wealthy and the average consumer to reap its benefits on a distributed network. I hope this project pans out.

Future: This one’s a keeper

gnt


 

// Originally written May 29, ’17. Price at the time: $0.47 / GNT

// Edited June 16, ’17. Price at the time: $0.50 / GNT

// Edited June 18, ’17. Price at the time: $0.67 / GNT

// Edited Sept 26, ’17. Price at the time: $0.26 / GNT

Donate

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s