Golem is a decentralized supercomputer that anyone can access. It’s made up of the combined power of user’s machines, from personal laptops to entire datacenters.
Golem is the first truly decentralized, global market for computing power.
Golem connects computers in a peer-to-peer network, enabling both application owners and individual users (requestors) to rent resources from each other. Golem utilizes Ethereum as a decentralized payment network to monetize the sharing of computing power between requestors and providers.
The Golem Network Token (GNT) is the currency that fuels the Golem ecosystem. GNT is required in order to access and use Golem’s computational resources.
NOTE: WARNING: Golem is not based on Ethereum. Golem Network is an open-source, decentralized network of computing power and infrastructure built on top of the Ethereum blockchain. While both are distributed ledger technologies, they are not the same. Ethereum is a smart contract platform while Golem is a distributed computing platform.
Requestors need GNT to pay for computational power, while providers are rewarded in GNT for contributing their resources to the network.
The key difference between Golem and other decentralized computation platforms is its use of Ethereum as a means of payment. This allows for a much more flexible system of payments, as well as opening up the possibility of complex applications being built on top of the platform.
While Golem is currently based on Ethereum, there is nothing stopping it from being ported to other blockchains in the future. The team behind Golem is currently working on integrations with other blockchain platforms, such as Hyperledger Fabric and Polkadot.
This will make it possible for Golem to tap into a wider range of computational resources, making it an even more powerful tool for decentralizing computation.
To sum up, Golem is based on Ethereum but has the potential to be much more than that. The platform is constantly evolving and expanding its reach, making it an essential tool for anyone looking to build decentralized applications.
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