Golem to Create Distributed ‘Supercomputer’ Using Blockchain Tech
WARSAW, Poland — Golem wants to provide what it calls the “Airbnb for computers,” a first-of-its-kind decentralized market for shared computing power. The company hopes the public will find its goals appealing, as it will open a crowdsale for the Golem Network Token (GNT) on November 11, 2016. Golem: Building a Supercomputer on the Blockchain. This decentralized, Ethereum-based service, once up and running, will reportedly allow people to rent out unused computing power in exchange for cryptocurrency. On the other end of the service, costs for resource-intensive processes will decline,....
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Golem, one of the latest ethereum-based projects and blockchain assets, is set to begin its public crowdfunding today. Often described as “Airbnb for computers”, the Golem team intends to use the funding to build out a network for renting unused computing power (CPU or GPU cycles) amongst users, existing as decentralized, open-source software on the ethereum blockchain. As a two-sided market, Golem allows users to either: Sell unused computational resources (CPU or GPU time) to others, or. Buy unused computational resources (CPU or GPU time) from others. As consumers' and businesses'....
The Golem Project holds a lot of potential value for the future, as it would effectively create a truly decentralized Web. Combining the power of computers all over the world would provide all of the necessary hardware resources, and Ethereum-based payments will clear transactions. This is not the first time developers have come up with a solution to....
Decentralized global market for computing power, Golem, has announced that its Golem Network Token (GNT) crowdsale will begin on Nov. 11. The announcement claims that the token is a crucial element of the Golem network, and is designed to ensure flexibility and control over the future evolution of the project. Eddy Azar of Golem Project, tells Cointelegraph that the network, which will kick off fully in about six months time, shall be available for any computer to connect to by simply downloading a given program. The Promise of a Supercomputer. Golem has been described by its creators as a....
Golem's recently concluded highly successful ICO may accelerate the development of decentralized computing. and internet. In the dawn of recent mass DDoS attacks that disrupted the internet, rendering some of the leading websites inaccessible — interest in the decentralized internet has been rekindled. The concept of the decentralized internet is not a new thing, with innovations in the cryptocurrency sector it is now within hands reach. There are few blockchain technology companies that are working on creating decentralized internet platforms and Golem is one among them. In order to fund....
The Ethereum price has fallen by around -25% since its mid-March peak at around $4,100 and is currently trading just above $3,000. While this loss is in line with the broader market trend and in particular Bitcoin’s price drop of about -22% in the same time, there could be another reason for ETH’s price slump, which seems plausible since the German government only sells BTC and not ETH, and Mt. Gox doesn’t own any ETH either. But what if Ethereum has its very own “Mt. Gox“? Is The Ethereum Price Suppressed By Golem? Chinese crypto journalist Colin Wu (@WuBlockchain)....