Golem (GLM) has been listed on HotsCoin on February 21st. Golem (GLM) is a peer-to-peer decentralized computing network designed to provide a computing power market and allow users to aggregate and share computing resources through a resource-sharing network. The goal is to provide software developers with an alternative to traditional centralized cloud service providers. GLM is currently open for trading on HotsCoin.
Token information
Circulation: 1,000,000,000 GLM
Total supply: 1,000,000,000 GLM
Circulation market value: $382,421,030.859
Fully diluted market capitalization: $382,421,030.86
key events
2016-11-11: Golem raised $8.6 million through ICO.
Background of the project
Golem claims to be the world’s first fully decentralized supercomputer, paving the way for a global market in computing power. Its platform, combined with customizable tools, dramatically changes the way computing activities are built and completed to help developers securely distribute and monetize their software.
Architecture and features
1. Peer-to-peer network
Golem is a peer-to-peer network that allows application owners and individual users ("requesters") to rent resources from other users' computers. This distributed network is characterized by reduced costs of using computing resources.
2. Computing resource supply and demand
Provider: A person or organization that provides network processing capabilities. They are compensated and what attracts them is the activity completed by the requester.
Requester: A person or institution in need of additional computing resources. They use Golem’s platform to rent the provider’s resources.
Developers: Create applications and publish them to the web through Golem's application registry.
3. Application registry
Golem’s Application Registry is an Ethereum smart contract that allows anyone to upload a ready-to-run program on the Golem network. This provides a decentralized way for developers to publish their integrations and interact with users.
4. Transaction Framework
Golem introduces a transaction framework that allows developers to control their transaction model. This flexibility facilitates the implementation of different payment structures, making Golem suitable for various application scenarios.
Golem’s unique features
1. Rendering in Computer Generated Graphics (CGI)
The first application of Golem is CGI rendering, which allows artists to rent computing resources from other users to speed up the image rendering process. This saves costs and allows artists to complete their work more efficiently.
2. Application registry
Through the application registry, developers can publish, share and manage their applications. This adds rich functionality to Golem’s ecosystem.
3. Transaction Framework
Golem introduces a flexible transaction framework that allows developers to customize payment structures according to their needs, driving more innovation and adoption.
Team background
Julian Zavistovsky (CEO): Operator of imapp, he has assembled a world-class team focused on software projects that transcend character limits.
Piotr 'Viggith' Janiuk (CTO): Experienced computer programmer with a keen interest in cutting-edge technology.
Andrzej Regulski (COO): Served as a manager and consultant in the past, focused on taking Golem to the next level.
future outlook
Golem’s future vision is to build a truly decentralized network that allows users to exchange materials directly and securely without the need for intermediaries. The project is expected to play an important role in the Web 3.0 era, especially with the development of technologies such as IPFS/Filecoin and Swarm.
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