Golem Price Chart Update [GLM]

The GLM price update as of now is $0.5650. In the previous 24 hours, its trading volume was $64,934,035, and its value has decreased by -2.64%. As of now, GLM's live market cap is $445,326,289, and it is ranked as the #156 on the Coincu. GLM has a circulating supply of 788,133,694 and a maximum supply of 788,133,694.

A Comprehensive Overview of the Golem Network Tokens

The Golem Network Tokens (GLM) serve as a decentralized and open-source platform that facilitates peer-to-peer communication and enables users to lease computing resources. By linking multiple computers together, Golem establishes a robust supercomputer accessible to individuals worldwide.

With the combined computing power of users' machines, Golem empowers a wide range of computations and tasks, varying from straightforward to intricate. Users can engage in research activities, display images, and operate websites in an efficient and cost-effective decentralized manner.

The Objectives Pursued by the Golem Project

The Golem project endeavors to construct a centralized supercomputer that harnesses the computational capabilities of every computer within its network. Users have the opportunity to rent out their spare resources to those in need, presenting a profitable prospect akin to platforms such as Uber and Airbnb. Moreover, users can access additional computing power from the network to handle demanding tasks.

The Golem project envisions creating a peer-to-peer network where users can dispatch computational tasks to the Golem network or borrow machines from other users. This opens up a plethora of possibilities for businesses and startups across various sectors, ranging from scientific ventures to financial enterprises.

The Distinctive Attributes of Golem Network Tokens

The Decentralized Essence of Golem

Golem's primary objective centers around establishing a decentralized network that allows users to generate income by sharing and leasing their computing resources.

The Golem computational network encompasses three key components:

• Providers: Individuals who willingly share and lease their computer resources.
• Taskers: Users who submit requests and tasks to the Golem network whenever they require additional computing power.
• Software development team.

Further Enhancements Offered by Golem

In addition to serving as a globally centralized supercomputer, Golem provides two supplementary features:

• Application Registry: An Ethereum smart contract that empowers developers to fashion their own Golem applications. This collaboration aims to connect developers with users and requesters, equipping them with the necessary tools for their applications.
• Framework Transactions: A set of specifications that developers must adhere to when implementing a transaction model for their Golem applications.