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What is Golem (GNT)?

Golem is an open source, decentralised supercomputer which can be assessed by anyone on a global scale. The Golem Project works on the principle of collecting small bits of data and power and converting it into huge user’s machine to an entire data centre. The main motive of Golem is to create a decentralised sharing economy of computing power and to supply software developers with a flexible, cheap and reliable source of computing power.

The Golem project was founded by Julian Zawistowski who is also the CEO of the project. The co-founder and CTO of Golem project is Piotr Janiuk along with Andirzej Rejulski who is the COO and co-founder. Aleksandra Skrzypczak is also a co-founder and lead software Engineer.



WORKING PRINCIPLE

Golem enables users and applications to rent out cycles on other users machines. The users of Golem can make money by sharing resources through Golem from a single PC owner to a large data centre. Golem uses an Ethereum-based transaction system to settle payments between providers. All the computations take place inside an isolated environment from the host’s system. The Golem Project is accelerating towards an automated stage and is launching their first release, the Brass golem which is scheduled at early 2018.

What is Golem and where can I buy GNT in India
Golem Network Principle. Source: Golem White Paper

CURRENT HAPPENINGS

The Golem project team is all set to launch their first release the Brass Golem. The date for the launch is scheduled on the early 2018. The team is very eager to make to make new launches which is product based after the launch of the Brass Golem. 

THE FUTURE

Golem team is already at a very fast pace, along with the recent launch they are planning to bring major improvements to the protocol in terms of its flexibility and robustness. In order to further expand their user base the team is trying to integrate a variety of new use cases to Golem in cooperation with our business and technological partners. Areas where the Golem team shall explore in the near future includes Machine Learning, Business Analytics, Scientific Computing and Microservices and Dapps. Soon their focus is going to shift towards creating  tools for developers and software companies. These solution services will make Golem a competitive source of computing power and a viable alternative to existing cloud providers.

GOLEM TOKEN (GNT)

The Golem token aka GNT which was launched on 27 December 2017. The token is now trading on major exchanges around the world which includes Bitfinex. The total market capital at the time of this writing for GNT is currently $207,795,476 which is equivalent to 23825 BTC.

The total number of Golem tokens in supply is 1,000,000,000 GNT from which around 834,262,000 GNT is currently circulating.

Golum is trading on Koinex and BuyUcoin in India and is priced at INR 16.5 at the time of this writing. 

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