Golem
Current price
$0.1150
−7.18%24h
LiveUpdated 30s ago
TodayGolem drops 7.2%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.17%
- 24 hours−7.18%
- 7 days−10.16%
- 30 days−1.10%
- 1 year−36.16%
Golem's move in context
Lagging the market today
−7.18% today against −3.26% for the market as a whole, a gap of 3.9 points. A gap this wide suggests something specific to Golem may be moving it, not just the market mood.
Part of a slide
−10.2% over 7 days and −1.1% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Golem
Overview
Golem is a decentralized computing network that aims to create a worldwide supercomputer by harnessing the idle processing power of computers across the globe. The project was conceived to allow users to rent out their unused computational resources, providing developers and researchers with affordable access to vast amounts of computational power for various applications, such as scientific research, machine learning, and rendering graphics. The core mission of Golem is to democratize access to computing resources, promoting a more efficient and decentralized model for computation. One of the distinguishing features of Golem is its emphasis on user empowerment, where individuals can generate income by contributing their idle resources while ensuring that tasks are executed securely and privately on their devices.
Technical Features
Golem operates on a decentralized network architecture that utilizes a peer-to-peer framework, enabling users to share their computing power without the need for central authority. The consensus mechanism employed is not traditional blockchain consensus; rather, it utilizes a system where computation tasks are divided into smaller units and distributed among participants. A significant aspect of Golem’s security model includes the use of cryptographic techniques to ensure that computations are executed correctly without compromising the privacy of the participants' data. Golem employs unique algorithms tailored for efficient task scheduling and resource allocation, making it scalable and robust. Additionally, Golem's core is built on Ethereum, harnessing the robustness of smart contracts to facilitate transactions and agreements between users.
Use Cases
The primary use cases of Golem span across various domains, including the rendering of graphics and videos, scientific simulations, machine learning tasks, and data analysis. The platform provides developers with the ability to execute heavy computing jobs in a decentralized manner, significantly reducing the cost and time associated with traditional cloud computing solutions. Golem can also support decentralized finance (DeFi) by allowing projects that require substantial computational resources to function without centralized intermediaries. Furthermore, its architecture allows for innovative applications in non-fungible tokens (NFTs) where users may require complex calculations to authenticate the uniqueness of digital items or to mint new tokens.
Development Background
Golem was conceptualized in 2016 by a group of developers led by Julian Zawista and Piotr Janiuk as part of a project that seeks to build the first decentralized supercomputer. The project gained traction through its successful Initial Coin Offering (ICO), which raised significant funds to support its development. Over the years, Golem has undergone various iterations, refining its protocols and expanding its functionalities. Milestones in its development include the launch of the Golem Brass and the Golem Clay phases, each marking advancements in its technological capabilities and user experience. The development has also been supported by notable investors and partners in the crypto space, contributing to the evolution of its ecosystem.
Community and Ecosystem
The Golem ecosystem is vibrant and diverse, comprising developers, users, and enterprises interested in leveraging the network for various computational tasks. The Golem Network offers comprehensive support for developers looking to build on the platform, including documentation and community forums to foster collaboration and innovation. The project has formed strategic partnerships with notable tech companies and research institutions to enhance its capabilities. Additionally, the community actively consists of contributors and advocates who engage in discussions, provide feedback, and participate in governance through decentralized decision-making processes.
Future Potential
The future potential of Golem is substantial, anchored on its innovative technology and the demand for decentralized computing. As more industries seek efficient and cost-effective computing solutions, Golem is positioned to become a crucial player in the broader cloud computing landscape. Upcoming features on its roadmap include enhanced interoperability with other blockchain networks, improved user interfaces, and the introduction of new computing protocols that allow for greater flexibility and scalability. If successful, Golem could redefine the paradigm of computing, leading to a more decentralized and user-centric model that empowers individuals and fosters collaboration worldwide.
Golem market
- Position by market cap among the coins we track.
- #160
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $115M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.1137High $0.1249
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $1.32
- Now 9% of itReached 13 Apr 2018 · Needs +1,048% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 1B GLM
- 100% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 1B GLM
- The most coins that can ever exist. Some coins have no limit.
Golem converter
1 Golem = $0.1150