What is Golem (GLM)?

Golem 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 computation, complex applications such as CGI rendering, scientific calculation, and machine learning become more accessible to everyone.  

Golem connects computers in a peer-to-peer network, enabling both application owners and individual users (“requesters”) to rent resources from 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.  

The function of Golem as the backbone of a decentralized market for computing power can be considered both an Infrastructure-as-a-Service(IaaS) and a 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.

Who are the founders of Golem (GLM)?

Julian Zawistowski is the CEO and founder of Golem. He has an MA in economics from the Warsaw School of Economics. He is a leader and an entrepreneur, willing to change the world for the better. His first attempt to do so was as an economist running a think-tank and policy analyst for the government, but he at some point realized that technology is what can make the difference. 

Piotr ‘Viggith’ Janiuk is the CTO and co-founder of Golem. He has an MSc in mathematics and an MSc in computer science from the University of Warsaw Piotr. He is an experienced computer programmer interested in bleeding edge technologies and keen on bringing innovative, groundbreaking (in the field) projects to life which bring these technologies to life. He I worked on a secure P2P communicator when P2P was used primarily for file sharing, and implemented highly optimized CUDA code just after the technology appeared.

Andrzej Regulski is the COO and co-founder of Golem. He has an MA in economics from the Warsaw School of Economics. Andrzej is an experienced manager and consultant. He devoted his professional life to running a successful consulting company focused on advising public authorities in their attempts to support innovative enterprises. With this experience, he is aware of most of the pitfalls and the “dos” and “donts” that tech startups often face. He loves managing people who are smarter than him and is obsessed with increasing the efficiency of organizations beyond the scope of his imagination.

What is Golem (GLM) used for?

Rent computing resources

Golem connects computers in a peer-to-peer network and enables users to rent resources from other users’ machines. They can be used for computer graphics rendering, realistic simulations, machine learning, scientific calculations, and other resource-demanding tasks. 

Render graphics

Golem can assist anyone who works with graphics on any scale. Besides, anyone with spare computing resources can generate income, Golem plans to expand beyond graphics, with machine learning being the next objective.

How is Golem (GLM) unique?

Golem has numerous Ethereum dapps and future platforms currently under development or in alpha release. The following systems will be considered for integration, and their implementation will be dependent upon the release of production code and the complexity of integration: 

  • Payment channel solutions based on P2P routing and transactions, e.g., Raiden or multi-party payment channels 
  • External decentralized  identity services, e.g., uPort 
  • External solutions for task verification or reputation, e.g., TrueBit 
  • External solutions for storage, e.g., FileCoin, Swarm.

How many Golem (GLM) coins are in circulation?

The Golem Network Token is a token on the Ethereum platform. Its design follows widely adopted token implementation standards. This makes it easy to manage using existing solutions including the Ethereum Wallet. The maximum number of tokens created during the crowdfunding period is 1,000,000,000 GLM coins.

Crowdfunding participants: 820,000,000 (82%) 

Golem team  60,000,000  (6%) 

Golem Factory GmbH 120 000 000 (12%)

How is Golem secured?

Golem tasks rely on integrity and consensus mechanisms for deployment, task execution, validation, and transactions. Golem inherits Byzantine fault tolerance properties from Ethereum.    For task execution and validation, Golem will initially rely on redundant validation and Ethereum state. As the team’s research and development progresses, optimizations will be implemented to reduce costs, increase throughput, and improve resilience. 

Optimizations will result in improvements in integrity and consensus validation schemes, P2P network formation, asynchronous transactions, and off-chain state transitions. The Golem P2P network will be built on a continuation of the devp2p protocol series, which was spearheaded at the Ethereum Foundation, and which will see improvements in confidentiality, robustness, latency, modularity, and the inclusion of pertinent libp2p and IPFS standards.

How do I buy Golem (GLM)?

The Golem token can be used for a wide range of uses, like staking and payments.

Golem tokens can be easily purchased by the following steps. 

* Open an account with the crypto trading platform.

* Transfer the specific amount of your fiat currency to your account.

* Wait for your deposit to be confirmed and buy Golem through your trading account.

Which Cryptocurrency Wallet Supports Golem (GLM)?

The PTPWallet platform supports many cryptocurrencies simultaneously, such as Golem (GLM). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies.  Users can easily use PTPWallet as their GLM wallet because it offers a simple interactive interface, making it easy for people to navigate its system.


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