About Golem (GNT)
Golem (GNT) is a marketplace for sharing and using computational power. It combines the power of every computer on its network. Users can then rent computer power from other users, paying for it via the GNT token. It is an ERC-20 token, meaning it is created on the Ethereum network. The digital asset has been operational since 2016.
Using Golem (GNT) price information
The availability of GNT’s price information aids investors in staying up-to-date on market movements, analysing trends, and making informed investment strategies.
Frequently asked questions
What is Golem (GNT) and how does it work?
Golem (GNT) is a decentralised, open-access peer-to-peer network that aims to create a global marketplace for computing power. It operates on blockchain technology (Ethereum), which allows its users to rent out their unused computing resources or harness additional computational power from others on the network.
Golem essentially acts as a distributed supercomputer, enabling tasks that demand substantial computing power, such as rendering CGI, scientific calculations, machine learning, and more, to be processed more efficiently by tapping into shared resources across its network.
How is the Golem (GNT) price determined and updated?
GNT’s price is intrinsically linked to its utility within the wider Golem network, serving as the primary means of payment for transactions within the software.
Golem uses the Ethereum blockchain to facilitate GNT transactions between requestors and providers. Ethereum's ability to offer a secure and trustless payment platform is leveraged for seamless transactions within the network.
Like various other cryptocurrencies, the supply of GNT tokens is finite and capped at 1 billion tokens.
What is decentralised computing in the context of Golem (GNT)?
Decentralised computing refers to the distribution of computing resources across a network of independent nodes, as opposed to relying on centralised servers.
Within the context of Golem, users can access the network to perform resource-intensive tasks by harnessing the collective power of computers connected to the network. This approach offers several benefits, including enhanced efficiency, cost-effectiveness, and scalability, as tasks are processed across multiple machines.
Where can Golem (GNT) be bought?
Australians looking to buy Golem (GNT) should consider BTC Markets as their primary exchange platform. BTC Markets is a secure cryptocurrency exchange operating out of Australia, that offers an unparalleled user experience and a great selection of cryptocurrencies.
Are there specific industries or applications that benefit the most from the Golem (GNT) network?
Golem proves to be advantageous for a broad range of individuals, including developers, cryptocurrency miners, CGI professionals, and anyone requiring extensive computational power for their projects.