Golem (GNT)

Golem (GNT) marketing team terms the Ethereum based blockchain as a super computer leveraging machine learning and decentralized cores. The term ‘super computer’ differs greatly from the classical term defining super computers. The Golem network is however the closest the blockchain business has come to creating supercomputers but it’s still a long way off from earning the term. Supercomputers are not simply fast and large computers with massive amounts of data. Supercomputers complete parallel computations, working out large computations of data, at the same time to provide complex solutions, unlike the serial computations normal computers carry out.

Golem rebellion against current supercomputers

Supercomputers require fast interconnection between cores, approximately 100GB interconnection speeds hence the filing up of machines into one to form a supercomputer. The closer the cores, the faster the connection speeds. However, Golem (GNT) has an optimal interconnection speed of ~1GB, and to reach this speeds, there has to be huge business class symmetric gigabytes internet connection across the nodes that are miles away from each other. In today’s world, it’s simply impossible. This takes us to the question, “Will Golem Network replace classical centralized supercomputers?”

There is only one correct answer to this, NO. Golem Network is in no way positioned to replace the old supercomputers but to coexist in the same technological space, but rather rebel against it. GNT will create a totally ‘new supercomputer’ that will aim to leverage on the unused computing power in the world to create an ecosystem of parallel computations. It creates a decentralized super computer through connecting computers around the world on a peer to peer basis.

How does it work?

The centralized nature of gathering data and computing at high speeds to produce quality information is currently a privilege of the big corporations Amazon, Apple, Facebook and Google etc. This companies use their market muscle in computing services leaving the compute market at an unbalanced pricing state. The rich get richer. However, Golem aims at closing the gap to allow for a decentralized computing market for computation services.

The nature of Golem platform allows individuals to connect computers (nodes) P2P enabling the dApp owners and users to rent computing resources of other users’ on the platform. The platform depends on the requestors, providers and software developers. The computing services offered by the providers, can be used to do any parallel computation of any time and capacity. Golem allows the software developers to have a platform to monetize their applications as well as using Golem as a distribution channel. The requestors aim to gain by getting access and scalable solutions to computation problems.

GNT in numbers

Golem (GNT) token is the fuel to drive payments within the system as well as using it as a transaction tool to make payments externally. The token is currently trading at a price of $0.881812 USD per GNT representing a 54% rise in the last 24 hours. The token has seen its market capitalization hit $735,662,243 USD to rank at 42nd position on the Coinmarketcap rankings. GNT had its highest all-time daily volumes in the last 24 hours as $400 million USD worth of GNT was traded. The coin aims to topping the $2 mark by the end of the year.

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