Crypto tip: Golem Network Tokens (9-Jun-17)
The more I learn about Golem, the more excited I feel about it as a an investment opportunity. I'll share my thoughts on Golem here so that you can comment and criticise down below.
What is it?
In simple words, Golem is "Airbnb for computers". Do you own a computer? Would you like to get paid in cryptocurrency for renting your spare CPU/GPUs? (i.e. getting paid while you sleep). Well, Golem will be a huge global network of everything from personal laptops to entire data centres. An extremely powerful supercomputer that is completely decentralised, 100% open sourced, and accessible to anyone.
Why is it such a big deal?
Golem could reduce the cost and increase the speed of pretty much anything that requires heavy computational power: scientific research, graphic rendering, AI and machine learning, data analysis, cryptocurrency mining, etc. The applications are endless. Furthermore, Golem Network users will also be able to develop their own software/apps, put them on the "Golem Store", and get paid when others use them.
Golem Project is open source
Golem runs on the Ethereum network and is open source, meaning you can check out the progress of their work on GitHub. The screenshot below, taken at the time of writing, shows the activity of 13 contributors to the Golem repository.
Golem value
The value of Golem Network Tokens (GNT), the currency that will be used for all payments on the Golem Network of computers, has been growing steadily in the last few months and is currently at US$0.54 (0.00019217 BTC; source coinmarketcap.com). Time to buy? I believe so, and in fact, I already did.
nice explanation of golem.....thank you
im glad i bought a few when exodus added it to the wallet......
currently up by 500%....and not selling anytime soon....
Yes, I also believe in the long term potential of the token, so it's smart to hold
i just regret that i didnt load up more back then.........may wait for a bit of a pullback than buy some more.....
I feel the same way. The possibilities for what a block chain could do for us is barely even being scratched, and golem is easily the best option being developed right now that is getting somewhere in that regard. The first software the network is going to be able to handle computations for is blender, a great proof of concept project that I am very excited for.
Have you bought $GNT?
It will definitely shine even better very soon...this is an awesome technology whereby everyone has the opportunity to feel the power of Supercomputer!
I concur! The idea is awesome and my understanding is that the Golem team is top-notch
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