Golem

in #golem7 years ago

Crypto Market Report
28/06/17, by Julian Fischer

Golem
The team is developing a global, open sourced, decentralized supercomputer that anyone can access. Microsoft is one of their sponsors. Active development. They already released a working Alpha according to the team. The market cap of the cloud computing sector was 175 billion in 2015, with upside potential in the future.
This is a very competitive space! I doubt that they can offer cheaper service than Amazon Web Services (AWS) for example. This is the main point of criticism in my opinion.
They don’t give dates for their updates in advance it seems. Updates are structured in the fashion seen in graphic 1. The timeline is seen in graphic 2. Brass is not live yet and it will be interesting to see if they can stick to the timeline. First developer update was uploaded a week ago on their YouTube channel:
https://www.youtube.com/channel/UCl3fxgrSML2sL3UYZrynbMg
Webbot data is saying:
Still showing in the data as a good idea in search of a really effective implementation run into a crashing cost structure reducing the value of their underlying resource (idle computing power) to virtually nothing.
Very intriguing space, very risky space, no successful ventures showing in this area through the next 19 months (our longterm data type range), however Golem still shows as being around in early 2018 as the hyperinflation becomes “intense”.

Inflationary mechanisms: None. The number of GNT created during the crowdfunding is fixed.
Deflationary mechanisms: GNT will be necessary to interact with the Golem network.

Graphic 1(Update structure):

Graphic 2(Timeline):

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