Golem (GNT): Decentralized Blockchain Computing Power Crypto Coin?

About The Golem (GNT) Platform

Golem is a global, open-source, decentralized supercomputer (or computers) that enables complex tasks like graphic rendering, mathematical or scientific computing and machine learning. Speaking to the millions who need computing power to develop apps and further ideas for production and release, Golem employs a token system that trades computing power and generates a network of like-minded users.

The Golem platform, in a nutshell, enables users and apps (requestors) to hire the available cycles of other users’ (providers) machines. Any user, from the owner of a single PC all the way through to a large data center, can now distribute and share resources via Golem. Those who sell and those who hire all transact with Golem Network Tokens (GNT).

Golem uses an Ethereum-derived transaction system to settle contractual payments between software developers and designers, requestors and providers. All computing and building happens in the Golem sandbox environment and is wholly disconnected from the parties’ systems.

Central to the Golem ecosystem are software developers. The company’s Application Registry and Transaction Framework allow anyone to develop, distribute and derive income from applications on the Golem network. The development team are already planning the future capabilities of the platform, saying that “future releases of Golem will bring major improvements to the protocol in terms of its flexibility and robustness.”

In this vein, and in order to ensure wide appeal that grows the user vase, the team is already conducting integration of a variety of new use cases to Golem’s offer, consulting with business and technological partners.

All a users needs to do to employ the Golem platform is install the app on their PC and they are good to go. A sophisticated inter-connectivity is at play behind the platform, allocating, measuring and invoicing for computing power consumed by individual users. Representing a decentralized co-working space, those with computing needs can temporarily hire the power. and those with power to sell can derive income from their downtime.

Alongside development of Golem’s core infrastructure, the company’s future focus will include a shift towards creating tools for developers and software companies. The solutions thus developed will make Golem a cost-effective source of computing power and, it is hoped, a viable contender amid existing cloud service providers.

Why is Golem a Great Idea?

The company’s first release, Brass Golem, focused on the single use case of CGI rendering. A requestor in the Golem computer-generated image marketplace can distribute processing of any LuxRenderer or Blender scene over the network.

Results are much faster when a user taps into a significant power boost on hire, and the task is run via a user’s own machine, at a negotiated price agreed upon between both the requestor and provider. One of the principal benefits punted by the developers is the creation of “healthy competition in the marketplace,” affording users a clear deal, where they know exactly how much they will pay for supplied power and can cost that into projects at hand.

Golem is as simple as installing the app. The company also promotes the exchange of roles, where those who have hired computing power on the platform are encouraged to then also sell theirs when they have idle time. Apart from CGI application, Golem is investigating and building for training machine learning models.

As a field of considerable current enthusiasm and investigation, huge computing power requirements often accompany developers in the machine learning community. Experiencing something of a bubble of interest at the moment, AI and machine learning are dynamic, emerging arenas and Golem is currently building basic proof of concept confirmations to facilitate these communities.

The company’s ultimate goal is to be able to provide developers with a set of tools to enable developers to host their machine learning stack on the Golem platform using the set of tools provided. Noting that the decentralization and democratization of computing power at competitive prices is key to diverse progress in the field of machine learning, the company is eyeing its future potential as a significant user base that can be facilitated on Golem.

The Golem Platform Team

Golem ‘s development team consists of the CEO and founder Julian Zawistowski, co-founder and CTO Piotr Janiuk, COO Andrzej Regulski and the last co-founder Aleksandra Skrzypczak. Other members in the football team list include Grzegorz Nowakowski, Paweł ‘chfast’ Bylica, Anna Sawicka, Marek Franciszkiewicz, Dariusz Rybi and Adam Wierzbicki.

Embellishing the development team further is Muhammed Tanrıkulu, Łukasz Foniok, Elena Steiner, Łukasz Gleń, Adam Mizerski, Igor Adamski, Magdalena Szydłowska, Gert-Jan Rebel, Chris Wacławek, Anna Gołębiowska, Piotr Chromiec, Przemysław Idzkiewicz and Karol Tomala. Jacek Muszyński completes the team as UX Designer, Daniel Horne is the company Community Manager and María Paula Fernández handles company relations.

Members have been drawn from a variety of fields, but the company has a firm focus on existing users with additional computing needs and is tackling cloud computing with a blockchain technology application. In its current stage, Golem is looking at high-growth potential user bases, apart from rendering, machine learning and AI development.

Wisely targeting large existing sectors with discernible user numbers and needs, the company is formulating a targeted, step process of establishing itself as an easy to use, friendly and communal portal.

Golem (GNT) Project Conclusion

Golem is unashamedly ambitious in its aspirations to become the default cloud computing option, especially for individual users. Trading on the egalitarian nature of blockchain technology, the company has composed a user-friendly, simple platform to facilitate the existing additional computing demands of current workers and developers in the CGI, machine learning and other fields.

Tallying sale price with input costs, any viable project can justify access to the option of dipping into massive computing power, while still bringing it all home once done.

Uptake and employment has already been substantial, prompting and enabling further research into machine learning and other arenas. With the advent of the IoT and advances in machine learning from various academic institutions and other players from around the world, the company is set to provide top-end services at a reasonable cost to end users in several specific emerging realms.

Readily available to simply pick up on pay-as-you-go individual users who have need of supercomputer power on an as-needed basis too, the latest Golem statistics page shows a full marketplace, one that is growing all the time.