Golem is a decentralized computer computing power leasing platform built on the Ethereum platform. Through the Golem platform, any user can become a seller and renter of computing power. Whether the user provides an idle home computer or several large data centers, they can all be added to the Golem platform. The Ethereum-based trading system is applied to the Golem platform to settle the income of computing power providers and the fees that computing power users need to pay.

On November 19, 2020, GNT was renamed to GLM.

Project Highlights

The main features of Golem are: P2P computing power network, reputation rating system, computing power trading system, and task calculation execution. People can also predict that there must be a payment system, which is designed based on Ethereum. The computing power requester is matched with the computing power supplier, and the "nano payment" micropayment is executed by the Ethereum smart contract.

Application Scenario

Golem plans to support multiple programming languages, allowing developers to integrate the protocol with various applications
As long as computing tasks can be distributed on the Golem network, computing any task will not be a problem. This will open up exciting opportunities in many industries, from science to business, the arts and even the stock market. Machine learning (artificial intelligence) could also benefit greatly from this concept if the developers lead the project long-term.

How it works

Golem is a decentralized global computing power market, combined with flexible development tools, to help developers release software and make money, thereby changing the way computing power tasks are organized and executed. By realizing decentralized microservices and asynchronous task execution, and by greatly reducing computing prices, complex applications such as CGI rendering, scientific computing, and machine learning (artificial intelligence) will benefit everyone, and strive to become the cornerstone of building the future Internet.
Golem connects computers through the P2P network, so that application owners and individual users (computing power "requesters") can rent computing power from other users (computing power "suppliers"). The supply of computing power resources will come from individuals and Provided by professional computing power suppliers, these computing power resources can complete computing tasks that have certain requirements for computing time and computing power, and can be combined with a series of exclusive software solutions distributed on the "Golem Application Registration Market". "Application registration market" itself is also an application market with detailed information and self-running competitive advantages.

After integrating some proprietary software, any interested third party can create and deploy software on the basis of Golem and publish it through the application registration market. Golem also has a core built-in feature—an ether-based payment transfer system, which can realize direct payments between computing power buyers (requesters), sellers (suppliers), and software developers. Under the transfer payment framework, development Users can expand and customize the payment method to achieve a unique way of making money. The market mechanism implemented by Golem requires the support of 3 groups of users: computing power resource sellers (“computing power suppliers”), task creators who upload computing tasks to the network (“computing power requesters”), and software developers . These three groups of people form Golem's unique interdependent ecosystem.