Golem (GNT)

Golem (GNT) widget

ICO date: 09.11.2016 - 09.11.2016
Industry: Computing & Data Storage
Description:

A decentralized worldwide supercomputer. Golem can be used by anyone to sell computing time over the web

Features:

Golem Net is a P2P network created by the computers (nodes) running Golem App. Any user may use Golem App to send any computing task to the network. Any user may use Golem App to lend a machine to others. An Ethereum-based payment system is used to clear transactions between senders and receivers. Example industries: - Computer graphics Photorealistic rendering - Big data analysis - Machine learning Image recognition - Cryptography Cryptocurrency mining - Computational biology DNA analysis - Computational physics Particles simulation

Founded: Poland
Technical details:

There are three types of users on the Golem Network: ● Providers, who supply computing power to the network and get paid for doing so. ● Requestors, who rent the network’s computing power & the software built on it and pay for doing so. ● Authors, who build the software on the Application Registry (also known as Golem Store) and can set their own plans for payment (kind of like the Google Play Store or Apple App Store). Golem is a fully decentralized, open source P2P network which is resilient to censorship, and free from a single point-of-failure. Consensus is important for resilience and is another reason why Ethereum is utilized for transactions, as well as replicating some shared state and metadata. Golem tasks rely on integrity and consensus mechanisms for deployment, task execution, validation, and transactions. Naturally, Golem inherits Byzantine fault tolerance properties from Ethereum. For task execution and validation, Golem will initially rely on redundant validation and Ethereum state. As research and development progresses, optimizations will be implemented to reduce costs, increase throughput, and improve resilience. Optimisations will result in improvements of integrity and consensus validation schemes, P2P network formation, asynchronous transactions, and off-chain state transitions. The Golem P2P network will be built on a continuation of the devp2p protocol series, which was spearheaded at the Ethereum Foundation, and which will see improvements in confidentiality, robustness, latency, modularity, and the inclusion of pertinent libp2p and IPFS standards.

Website: www.golemproject.net
Whitepaper: Whitepaper

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