The Golem (Golem Network) platform is a marketplace for computing power. On the peer-to-peer network, unused computational resources can be rented out to users wishing to perform memory-intensive tasks, who pay the provider in Golem’s cryptocurrency. The idea is that an individual possessing, say, a high-end gaming rig can profit from allowing another to use its GPU/CPU cycles for anything from CGI rendering to training neural nets. Resources that once would have sat idle can now be monetized on the decentralized network.

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Coin’s Details

  • Market Capitalization

    $79.9 M

  • Volume 24H

    $4.9 M

  • Blockchain

  • Circulating supply

    990 670 000

  • Total supply

    1 000 000 000

  • Proof type

    Proof of Work (PoW)

  • Algorithm

    Delegated Proof of Stake (DPoS)

  • Team Location

  • First announced

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