Total Coins: 3187
Total Market Cap: $ 17,108,792,331,866
24H Trade Volume: $ 5,748,498,878
Golem Network Token (GNT)
GNT
$ 0.1501100888 ( -4.06%)
Mkt. Cap.
$ 150.11 M
Vol. 24H
GNT 71,659.295 ($ 11,080.419)
Open 24h
$ 0.156459156
Low/High 24h
$ 0.148036924 - $ 0.1583379616
Last trade
GNT 0 ($ 0) / HuobiPro

Charts price for Golem Network Token (GNT)

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Description of Golem Network Token (GNT)

Golem Origin

Release Date: August 2016.

Golem is a global, decentralized supercomputer combining the power of every system participating in its network. The project was founded in 2016 and lead by Julian Zawistowski.

Golem Functionality

Through the Golem ecosystem, users can rent out their spare computer space and resources to those who need it in order to execute computational tasks. Speed and resources can also be used simply to boost your own computing device. The network is an ideal fit for individuals and activities involving artificial intelligence, language processing, machine learning, and pharmaceuticals. Additionally, the project is targeting CGI. Considering that CGI requires a considerable amount of expenditures.

Golem also has an application registry, which allows developers to create Golem applications using Ethereum smart contracts. There is also a transaction framework or a set of requirements that a developer needs to abide to when creating a Golem application.

The Golem application registry can run a limitless amount of micro services and decentralized applications. It’s important to note that all computations within the Golem ecosystem are executed and isolated inside virtual machines. Every single connection is fully encrypted and signed in order to guarantee maximum security. In order to maintain the spirit of decentralization, there is a reputation system in place, which rewards nodes and promotes desired behavior within the network, without having to rely on a central authority.

Golem can be utilized in various fields, from the world of science to global stock markets. Using the network, companies can save substantial amounts of money.