What Is Golem?
Golem is an interesting concept and has drawn a lot of attention in the middle of 2017.
Golem has the idea of putting together a supercomputer and then renting out the computing power.
Potential users of the Golem supercomputer would be able to analyze data and do a variety of a lot
of other things as well with the rented computing power.
The supercomputer would be able to conduct activities that are similar to what is being done on
AWS and other platforms.
Golem is very similar to that of the Pied Piper Idea in the hit show Silicon Valley. Golem is in line
with the concept of distributed computing. Golem is looking to decentralize the network and the
The benefits with their model is the aspect of computing and overall decrease in cost to access the
There are two parties in this system, the users and and the givers.
Givers rent out their computing power and help to add value to the world in various ways. The
givers may not know exactly how they are providing value but know that they are contributing to
some project that has value to some individual or corporation.
The other party is the users, the users are renting power from others and using the functionalities of
the supercomputer to meet their needs.
Those who want supercomputing power will pay in Golem and those who rent out their computing
power will receive compensation in Golem.
The largest issue that the developers are paying attention to, is the aspect of security. This peer to
peer system can potentially have the flaw of security, if the renter of the computing power is not
true in their intent to using the power for good purposes. If the user wants to place harmful code on
the computer of the giver, this can be quite harmful.
Recent cryptocurrency news
Alexey Burdyko, CEO of Play2Live, opens the token sale event with a Q&A live stream on the updated P2L platform on February 21st, 17:00 UTC, answering product and sale related questions. February 21st, Malta — [...]
With recent developments on cryptocurrency trading regulations from countries such as South Korea, the cryptocurrency community is on edge for similar updates that might come from other markets. One such region is the U.S., where [...]
Calvin Ayre, the mind behind one of the world’s most famous online gambling sites, Bodog, recently announced the development of a $100 million resort in Antigua and Barbuda – the sovereign state where he currently [...]