The more I learn about Golem, the more excited I feel about it as a an investment opportunity. I'll share my thoughts on Golem here so that you can comment and criticise down below.
What is it?
In simple words, Golem is "Airbnb for computers". Do you own a computer? Would you like to get paid in cryptocurrency for renting your spare CPU/GPUs? (i.e. getting paid while you sleep). Well, Golem will be a huge global network of everything from personal laptops to entire data centres. An extremely powerful supercomputer that is completely decentralised, 100% open sourced, and accessible to anyone.
Why is it such a big deal?
Golem could reduce the cost and increase the speed of pretty much anything that requires heavy computational power: scientific research, graphic rendering, AI and machine learning, data analysis, cryptocurrency mining, etc. The applications are endless. Furthermore, Golem Network users will also be able to develop their own software/apps, put them on the "Golem Store", and get paid when others use them.
Golem Project is open source
Golem runs on the Ethereum network and is open source, meaning you can check out the progress of their work on GitHub. The screenshot below, taken at the time of writing, shows the activity of 13 contributors to the Golem repository.
Golem value
The value of Golem Network Tokens (GNT), the currency that will be used for all payments on the Golem Network of computers, has been growing steadily in the last few months and is currently at US$0.54 (0.00019217 BTC; source coinmarketcap.com). Time to buy? I believe so, and in fact, I already did.
