Golem GLM Price

What is Golem (GLM)?

Golem, launched in 2016 and built primarily using Ethereum's programming language, is a groundbreaking peer-to-peer decentralized computation network. At its core lies the GLM token, an ERC-20 token functioning within the Ethereum blockchain. This token serves as a key granting access to the Golem Network, a platform enabling users to tap into a global marketplace for computing power. By leveraging idle processing capabilities of participating computers, Golem facilitates a decentralized supermarket for IT resources, revolutionizing accessibility to high-performance computing.

The Golem Network operates as an open-source, censorship-resistant protocol, empowering users worldwide to harness the prowess of a distributed supercomputer without the need for extensive hardware investments. Its infrastructure allows the breakdown of tasks into smaller components, facilitating parallel processing across multiple providers. This unique approach not only enhances efficiency but also expedites complex computations, making it an attractive platform for various applications.

Throughout its evolution, Golem has witnessed significant milestones, such as the 2018 launch of Brass Golem, its first implementation on the Ethereum mainnet. Subsequent developments, including the 2020 presentation of the new Golem platform and the initiation of token migration to ERC-20, marked the network's commitment to innovation. Notably, Golem's implementation of Layer 2 payments in 2020 paved the way for fast, cost-effective micropayments utilizing the GLM token on Ethereum's Layer 2. Moreover, the introduction of 'yagna' in 2021 showcased a lightweight protocol for building unstoppable applications, emphasizing anonymity and censorship resistance. Today, the Golem Network continues to foster an ecosystem where users trade computational resources seamlessly, inspiring innovative projects ranging from machine learning to video rendering.

What is unique about Golem (GLM)?

Golem provides access to a decentralized marketplace for computing power, allowing users globally to leverage idle computer resources, creating a high-performance computing network without extensive hardware investments.

Who are the founders of Golem (GLM)?

Golem was founded by a group of cryptocurrency enthusiasts led by Piotr Janiuk.

Who are the backers/investors of Golem (GLM)?

Backers and investors in Golem include a range of entities from the crypto and tech sectors such as Creative Destruction Lab (CDL), Gravity Fund among others.

What is the consensus mechanism of Golem (GLM)?

Golem's consensus mechanism doesn't involve traditional mining or a blockchain-based consensus, as it operates as a peer-to-peer decentralized computation network.

Where can I buy Golem (GLM)?

You can buy Golem (GLM) on Binance, Bitget, Gate.io, CoinbaseOKX cryptocurrency exchanges.