If you came here, you are probably wondering, what the hell is Golem, what can it do, and should I invest in it?
First of all, Golem is a platform built on a peer-to-peer network which sources computing infrastructure in a decentralized manner to create a global market for computation. They call it the “worldwide supercomputer,” to which anyone can contribute and from which anyone can buy computation. The network is secured by the Ethereum blockchain, facilitating a system of direct and transparent payments between the ecosystem’s three user groups:
*Requesters demanding computing resources
*Providers supplying hardware infrastructure
*Software developers creating applications which enable utilization of network resources.
What does Golem do ?
Golem aims to become the worlds biggest supercomputer, this would help many sectors such as:
*Scientific research, from DNA research to finding new biofuels to searching for alien life to predicting & mitigating the effects of climate change to analyzing experimental results from the Large Hadron Collider. And that’s just off the top of my head.
*Graphics rendering, so that everything from uber realistic virtual reality video games & movies to architectural & designer renderings can be done uber fast and cheap.
*Artificial intelligence & machine learning, so that everything from training a game AI to play video games really well to teaching self driving cars to creating a smarter-than-humans artificial intelligence being can be done faster.
*Data analysis, from predicting future results on the stock market to analyzing written text for emotional analysis to crunching the data on traffic accidents.
*Cryptocurrency mining, to create efficient & decentralized mining pools to serve as the backbone of cryptocurrencies.
… and just about anything else that requires heavy computational power.
Should I invest in it?
Ok, ok this theory seems all fun and dandy, but does it work in practice, or will Golem crash at first contact with reality?
Many speculators agree that Golem will rise and may even triple its price by December, however , there is always the chance of it decreasing in price.
Remember, cryptocurrencies are extremely volatile, so never invest money you cannot afford to lose and stay safe when investing.
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