What is Golem Network (GLM)? All information about GLM . token

• General overview of Golems (GLM)
• What is Golem (GLM)?
• What problem does the Golem need to solve?
• What are the outstanding characteristics of the Golem?
• The core element of Golem's computational network
• Extra Features of Golem
• Golem's Project Development Roadmap
• Golem's Project Development Team
• General overview of the GLM . token
• Basic information about GLM . token
• Where to buy, sell and store GLM . tokens
• Should I invest in the Golem project?
• Frequently asked questions
• summary

Golem (GLM) was once a disruptor of the cryptocurrency market, using supernatural computing power to create global power. Moreover, this is also a project conceived and developed by leading experts in the field of software and technology solutions. So what is Golem (GLM)? Why is the Golem Network so destructive? Let's accompany TraderH4 to find answers to these questions!

General overview of Golems (GLM)

First, let's get an overview of the Golem project and technology. 

What is Golem (GLM)?

Golem (GLM) is a flexible and decentralized open source platform, launched in 2018. This platform allows peer-to-peer networks to communicate with each other, while also providing owners applications and users, who rent the provider's resources. 

Project Golem leverages the power of Distributed Cloud technology, connecting many computers around the world, from personal laptops to data centers to one giant supercomputer. Currently, Golem is available globally and is accessible to everyone.

Golem's supercomputer allows users to perform all calculations, from simple to complex requirements. For example, users can search for specific images, research many different platforms. The special thing is that anyone can use Golem for purposes such as recommendations, research, even launching websites in a decentralized way easily and cost-effectively.

Golem's goal is to become the world's first decentralized supercomputer. The Golem platform is the first version developed on the Ethereum blockchain. And it can also be said that Golem is the "pioneer" project, exploring in this field.

What problem does the Golem need to solve?

The problem of increasing computing power, as well as storage space, is becoming a painful problem for many users, developers and projects. 

Buying hardware is not only expensive, but also requires a lot of space and power. Meanwhile, if choosing Cloud services of middlemen to increase computing power and storage, there are many shortcomings. You will face the risk of controlling or attacking your personal data from these service providers. Therefore, this is quite a dilemma for both users and developers. 

Meanwhile, in reality, there is another reality that is that most computers and digital devices will not take advantage of their full computing power. Therefore, the appearance of Golem (GLM) with the idea of ​​fully exploiting computing power, taking advantage of excess resources from the community to solve the hardware and Cloud dilemma presented above. , is highly appreciated by everyone. In a simple comparison, Golem's operating model is quite similar to how Grab allows drivers to make money from the car they own.

Golem uses a pay model for using excess computing power and overcoming infrastructure constraints and increasing computing power. 

What are the outstanding characteristics of the Golem?

Here are some highlights of Golem, the largest decentralized supercomputer in the blockchain space. 

• Golem's direction is quite clear that is to become the world's largest decentralized supercomputer. Therefore, this platform has integrated the power of all computers around the world into its network. In addition, in the Golem Network, users can rent redundant resources for computers. These resources assist users in performing complex calculations and tasks. Following the trend of Uber and Airbnb, Golem has created a new opportunity, helping users earn more money from their unused or unused resources.

• Users can also rent computing power from Golem to speed up the processing of tasks when the computer is having problems. This highlight is especially suitable for fields that require intensive calculations such as: Neuro-linguistic programming (NLP), artificial intelligence (Artificial Intelligence - AI), machine learning visits. DNA probe…
• Golem seems to challenge all computational tasks from simple to complex with the ability to solve "quick - compact - fast". Golem has opened a new door for the business community in all fields from science to business, even securities and has become an effective arm, supporting young and limited businesses. capital technology to invest in infrastructure. 

The core element of Golem's computational network

In Golem Network's computing network, there are three core elements that play a particularly important role: Providers, operators and software development teams. 

• Providers: They are people who share and lease redundant resources on their personal computers.
• Taskers: They are the ones who send requests and tasks to the Golem network to perform tasks when needing to hire computing power.
• Software development team.

To understand the role of these 3 people in the Golem Network, let's learn through the following simulation example: 

• A is a designer specializing in designing and making video products through Pinnacle Studio Ultimate software. Therefore, to be able to edit and create satisfactory product effects, A must have a pretty terrible configuration machine to be able to perform this task. However, in reality, A's machine is quite weak, and to create a product that is both quality and time-saving, A needs to choose to outsource computing power. 
• B is the developer of Pinnacle Studio Ultimate software on the Golem network. 
• C is a person who owns a computer with a pretty terrible configuration but almost does not use the full power of the machine. So, C decided to sign up for a resource rental on Golem.

Thus, A has liked B's application and feels very suitable for his job. So, A made a detailed request for the quest to go to the Golem network and decided to pay anyone for completing the quest. C or some other supplier who owns a huge computer can solve A's task using B's application. After completing the task, both B, C and other vendors will share the same amount that A paid for this task. That is how the three core elements of the Golem Network work. 

Extra Features of Golem

What's special, Golem is not only a globally centralized supercomputer that opens up space to rent and lease flexible computing power according to user needs, but Golem also has 2 additional features for the community. copper is:

• Application Registry: An Ethereum Smart Contract for developers to create their own Dapps on the Golem Network platform. As can be seen, these contracts are supposed to help developers find more users and requesters more easily, and also find the tools they are looking for.
• Transaction Framework: These are the requirements that developers need to adhere to if they are implementing transactions for the applications they have created on the Golem Network.

Golem's Project Development Roadmap

• 2014: Deploying ideas and developing Presented at Đ三Vcoin-0.
• 2016: Setting up Crowdfund.
• Year 2017: Released First Release.
• 2018: Launch of Brass on mainnet.
• Year 2020: Developed Clay Golem Completed.
• 2021: Deployment of The Next Milestone AKA New Golem.

Golem's Project Development Team

Another point that makes Golem attract the attention of investors and the community is that the development team and project manager are all leading experts in many fields. Golem Network's head office is located in Poland and here are some key members' information:

• Piotr Janiuk is the Founder and CEO/CTO of Golem. He is a "dual" master of two fields of Mathematics and Computer Science. Janiuk was a senior software developer at Imapp. This is the "family" of most of the Golem members. 
• Aleksandra Skrzypczak is the co-founder and COO of Golem. She started as a Bachelor of Informatics and then went on to earn a Master's degree in Mathematics by writing a thesis on the use of machine learning in social networks. Like Piotr Janiuk, she was a former senior member of Imapp. 
• Julian Zawistowski is another co-founder and currently holds the position of Director at the Golem Foundation. Julian was an alumnus of international politics and economics at the Warsaw School of Economics, and also holds a master's degree in economics.

In addition, the Golem project is supported by more than 20 experienced personnel. Most of them are Computer Science engineers in Poland and most of them have worked with the Founder team at Imapp.

General overview of the GLM . token 

GLM is a primary token and is considered the currency in the Golem ecosystem. GLM was released through Crowd Sale in November 2016. This is a token developed on the Ethereum platform, based on the ERC-20 standard.

The GLM token is used to make payments in transactions that rent users' computing power. The rental rate is set by the provider in GLM tokens. 

Basic information about GLM . token

• Token Name: Golem
• Ticker: GLM
• Blockchain: Ethereum
• Token Type: Utility Token
• Token Standard: ERC-20
• Circulating Supply – Total circulating supply 1,000,000,000 GLM
• Total Supply – Total Supply: 1,000,000,000 GLM
• Smart Contract: 0x7dd9c5cba05e151c895fde1cf355c9a1d5da6429

Where to buy, sell and store GLM . tokens

Currently, GLM token has been listed and supported for trading on many leading exchanges such as: Binance, Gate.io, Uniswap, OKX, Huobi Global, Coinbase Exchange, Upbit, KuCoin, Poloniex, Bibox … In which, the transaction volume on Upbit and Bibox accounted for the majority of the total trading volume with 41.36% and 38.32% respectively. 

Besides, GLM token is a token developed according to ERC-20 standard, so you can completely store it on today's popular electronic wallets such as: MetaMask, Myetherwallet, Trust Wallet, Atomic Wallet, imToken, Coin98 Wallet, Ledger, Trezor…

Should I invest in the Golem project?

Obviously, Golem is a potential project with the orientation of the largest decentralized supercomputer in the world. Golem has shown the power of technology and ambition to enhance the experience, taking advantage of excess resources to create additional income opportunities for users. Many experts believe that GLM will continue its strong upward momentum and make a strong breakthrough in 2030.

However, predictions are still just predictions as the crypto market is “constantly changing blood” and looking for new trends. Moreover, Golem also has to compete directly with formidable competitors such as Algorand, Crypterium… Therefore, before any investment decision, TraderH4 believes that you should do thorough research. Especially at this stage, you need to seriously evaluate whether Golem will still be a "trend" in the next uptrend season, whether external cash flows will still "pay attention" to the project. All these things you need to research on your own, TraderH4 cannot decide for you.

Frequently asked questions

This is a frequently asked question about the Golem project and the GML token. Please refer to the answers below if you have the same question. 

What tools does the Golem include?

• Golem SDK: Requester and Provider
• Execution environment
• Python, JavaScript and Rust APIs

Is it possible to mine GLM tokens for profit?

Unfortunately no. You cannot mine GLM tokens like BTC. Instead, you can make a profit by renting out resources on your computer.

Who are Golem 's competitors ?

• Bitklub: Digital asset and cryptocurrency exchange platform.
• Crypterium: A crypto bank with a mission to provide a contactless payment platform for a volatile market like Crypto.  
• Algorand: Scalable and decentralized currency, digital and trading platform development company.

Where can GLM tokens be stored?

The GLM token is developed on the Ethereum platform and is based on the ERC-20 standard. So you can store GLM coin in any popular wallet, like: MetaMask, Trust Wallet, Atomic aWallet, imToken, Coin98 Wallet…

summary

Thus, TraderH4 has completed the sharing of the Golem project as well as the GLM token. Hope you have found a lot of useful information for your research and investment process. Let's accompany TraderH4 to find out other potential projects!