Crypto-review cycle is where I’m giving you, Dear Reader, a quick and cool view on the one of a huge amount of the cryptocurrencies avaible of the market. I’m not going to predict any trends, I just want to provide you the clear information. Hope you will enjoy it. All of the data are valid for the date of publication. Don’t forget to vote in comments for the theme of the episode 4!
GNT - Golem
Current value:
$0.5748 (Coincap)
0.00019902 BTC (Poloniex)
0.00019805 BTC – 0.58$ (Bittrex)
Avaible supply – currently – 829 252 000 (strict when the project is done)
Since – autumn 2016
Market Condition: Decreasing (slightly)
https://golem.network/
About:
„Global open-sourced supercomputer that everyone can access” – sounds ambitious as fuck to me.
To understand the concept of Golem, you gotta get the concept of Ethereum first.
Briefly:
Bitcoin – a website – visit and find some content.
Ethereum – Facebook (or any other social media) – a website, where you can create your own content (smart-contracts) and get into interaction with the other users (using „tokkens” like GNT).
Golem – the Facebook fanpage (smart-contract)… with it’s own appstore included?
Ok, this metaphore has ran out of gas but it’s allright.
Golem is a project run by the group of Polish programmists, which is going to allow users – providers - to transfer parts of their computers (CPU, GPU or potentially any other parameter) to the global system, where the other users – requestors – would be able to purchase and use it.
And that’s when the GNT comes in (yes, it’s another „service first, currency second” project). GNT is a tokken of Ethereum which is going to be distributed among the users of the Golem Network.
What are the possible applications of Golem? Only time will tell, but it seems that software designed for the Golem network is going to be distributed in some kind of store.
Sounds a bit inaccurate? Absolutely. The other vital question is how to assure security to providers. Some of this questions may be answered on summer 2017, when beta version may come out (yes, this project – like most of the others) is still in a very early – almost conceptual – stages).
Why yes:
It’s ambitious, it’s Polish, it’s what Ethereum has been designed for.
Why not:
As I’m digging deeper and deeper into the cryptocurrencies world, one after another revolution come before my eyes. And the first one – Bitcoin – isn’t even in the middle of it’s road yet.
Please, help me choose which currency shall I review next. In comments you can find my 3 propositions which you can vote by likes.