GOLEM
Golem is an innovative piece of technology working toward the decentralization of computing power. Golem is still relatively new. But, if successful, it would essentially be an accessible-to-everyone, distributed, global supercomputer.
They had their ICO in April 2017.
Golem's Goal:
Providing computing power to the sharing economy, an economic system whereby services or assets are shared by private individuals for a fee. Meaning, you only pay for as much as you use. Renting a supercomputer's processing power instead of buying one for yourself.
Golem aims to redistribute computing power. Contributors donate their ‘spare CPU cycles’ to Golem by carrying out tasks delegated by the users of the network, in exchange for money. Under this concept, a global pool of computing resources (whose computational power will be unparalleled compared to what is available today) can be tapped into inexpensively.
So where is Golem currently?
Golem is currently in alpha, codenamed ‘Brass Golem,’ and is only capable of carrying out Blender CGI rendering.
For small-time animators and designers, Brass Golem can be a good alternative to expensive cloud-based rendering services or waiting forever for their own machiens to render.
Where can it go?
Golem looks like a promising project. If successful, Golem could be an invaluable tool for medicine, machine learning, business, graphics, and cryptography. The mid-long term future seems bright.
Trading:
At the moment GNT is having a small bounce off it's lows. Depending on your personal trading time frames, a short or long trade seems to be ideal at current market conditions.
Good luck!
(I personally hold no GNT at the time of this post)
