Golem's GLM price has rallied 230% since the start of February, and on-chain data shows an uptick in active addresses and transfers.
Golem is a cryptocurrency and P2P app that was in development for 3 years before its release. Sales of Golem tokens lasted for 20 minutes, during which the app team gathered about 820000ETH. Golem is based on the Ethereum blockchain and has created a peer-to-peer computing infrastructure in order to provide a global, distributed market of a central processor unit (CPU) power. The platform is a so-called Worldwide Computer which allows everyone to make a contribution. At this stage, the system allows users or providers to lease some extra CPU power in exchange for a reward from customers who create products that require large sources of energy. Golem uses Ethereum’s smart-contracts as a transactional system of payments within the network. The purpose of this technology is to provide everyone with the necessary energy at a low cost. Currently, applications are working as a beta-version in order to solve any bugs through the help of its users.
More updates should be coming your way.9943
New research from decentralized CPU-sharing network Golem shows a concept for identity authentication using Proof of Device, based around Intel’s SGX technology.3312
Decentralized coronavirus research initiative Folding@Home has announced that 400,000 users are contributing to its platform.10658
Poland-based Golem Factory has spun off a new entity, the Golem Foundation, that is expected to increase the value of the entire project.5321
An Airbnb for computing power allows anyone to offer their spare computing resources to the highest bidder14636
Golem’s computer processor sharing network has gone live in beta as developers seek real-world testing.20790
Several Ethereum-based organizations have launched the Ethereum Community Fund, an initiative for funding Ethereum infrastructure advised by Vitalik Buterin.43953
Some interesting applications of tokens as a new way of digitizing assets.12762
What most promising altcoins of 2017 have in common?161713
The despair that gripped the crypto market last week appears to be over.43198
Nick Ayton reports on another exciting week in London, with Gibraltar rapidly becoming the most progressive center in EU, SpaceCoin going to Planet-1F, the real Satoshi appearing again.14761
Steem was one of the top contenders in the Crypto space until it started declining late last year, and was pushed back to the lower echelons. Now it’s back.17465
Golem, the Airbnb of computing has set yet another record. It appreciated 15.49 percentage points to dislodge MaidSafeCoin from the 10th spot on CoinMarketCap on Friday morning Eastern Time.70413
In a fairytale style of success, one of Ethereum’s first Tokens, Golem has risen almost a 100 percent overnight. The Blockchain Supercomputer coin is now ranked number 11 on CoinMarketCap.31273