WHAT IS GOLEM
Golem is an innovative piece of technology working toward the decentralization of computing. It is accessible-to-everyone, distributed, global supercomputer. It is currently under development by a dedicated team of programmers and engineers, all of whom have extensive knowledge in P2P software and block chain engineering. The concept behind Golem is straightforward; the task at hand is split up into fragments and sent to participants in the network. Golem are a peer-to-peer network, a reputational system, trading systems, and task computation.
History Of Golem
Golem started in November of 2016.They released their white paper on a supercomputer from a decentralized network.It was created as a whitepaper on Github by Golem Factory. Golem was founded by Julian Zawistowski, Piotr Janiuk, Andrezj Regulski, and Aleksandra Skrzypczak. Then on June 14th, 2017 they launched their ICO aimed to help fund the project.On July 11th they released their Alpha and had since been refining it to take it to the public.
Features of Golem
Features that distinguish it from other cryptocurrencies.
Golem uses a p2p network to ensure decentralization and scalability. It ensures that no one can centralize and manipulate the network while creating self-sufficient scaling. They keep transactions encrypted and signed for guaranteed security.
Golem nodes take place in an isolated virtual machine for maximum security of the computation. This Allow users to match the amount of power needed with the providers.
It uses a reputation system. it allows the decentralized program to run without oversight on each node in the GNT network. Nodes receive a reputation rank, which is allocated from their peers.If a node has inappropriate behavior or aims to go against the system, then it is penalized, and its rank drops.
With Golem application developers can create and develop apps on the network.It has Ability to manage contracts from mobile wallets without running a full node.
Future of Golem
Golem token, Because of its features, multiply in value by 50 or even 100 by the end of the year. So investing in the Golem is also be very profitable.It is a very promising investment opportunity. Compared to other cryptocurrencies, GNT has the highest change for wide adoption.
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