Nowadays a plenty of small companies and sole traders waste a lot of time because they do not have enough computing power for such things as rendering computer graphic, training artificial intelligence or analyzing business statistic. The project called Golem allow not only to do things above much faster but also to make money renting out computing power.
So, what is Golem?
According to official website: “Golem is a global, open source, decentralized supercomputer that anyone can access. It is made up for combined power of users’ machines, from PC’s to intire data centres.” In simple terms, Golem is a P2P (peer to peer) platform based on Ethereum on which everyone can buy or sell computing power by the use of cryptocurrency called GNT. The main goal of Golem is to unite computing power of it’s community in a single super computer.
There are many different ways to use this super computer. For instance:
1. Computer graphic
2. Machine learning
3. Scince
4. Business analyzing
5. Data mining
6. Running of Dapps (decentralized applications)
In all this spheres Golem works much more faster and cheapper than anything else. As regards making profit on renting out computing power, to start mining of GNT it requires just to download special application on your device. At the moment, mining is available only on computers, however the company which is developing Golem is planning to add this function to smartphones and even smart watches.
Generally, the project at the moment at the first stage of the development and now Golem can only render images and videos, but the project is evolving rapidly and it is expected that by the end of 2020 there are will be much more available ways of the use.
In conclusion, Golem is definitely the future of computing, it is just a matter of time when the use of it will become mainstream. In addition, even though the team of Golem developers needs some time to release such huge project, the growth of GNT price by 2 times in a month shows that investors see this project as a prospect.
Sources:
https://golem.network/