CrytpoSpotlight

SPOTLIGHT – Golem (GLM)

On April 28th 2016 the Golem Project was announced to the world. The network itself launched its mainnet 2 years later on April 10, 2018.

The Golem Network is a decentralized computation network, which is an innovative new way of distributing redundant computing power. It can do this for those who are in need of it, on-demand, which is quite a feat.

It does this by creating a peer-to-peer network where users can join to buy and sell computation, splitting up large bulky complicated tasks into much smaller subtasks inside the network. GLM is needed to pay for computations on the network and is therefore the currency that drives the marketplace.

As a “Requestor”, you set a bid for an amount of GLM you are willing to pay to have your task processed. As a Provider, you earn GLM by processing the tasks for the Requestor. You can set your minimum and maximum price thresholds in your settings. Golem Factory was founded in Switzerland in 2016 by Julian Zawistowski, Andrzej Regulski, Piotr Janiuk, and Aleksandra Skrzypczak. 

Golem tools include:

  • Golem SDKs which includes Requestors and Providers tutorials
  • Execution Environments (eg. Wasm, VM, SGX stack)
  • Python, JavaScript and Rust API

Where Can I Buy Golem Network tokens (GLM)?

GLM is available for trading on Binance, Bittrex, HitBTC, Poloniex, and Uniswap V2. 

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