|Brief||Golem enables users and applications (requestors) to rent out cycles of other users (providers) machines. Any user ranging from a single PC owner to a large data center can share resources through Golem and get paid in GNT (Golem Network Tokens) by requestors.|
|Last updated:||Wednesday, October 23, 2019 12:00:04PM UTC|
|Current price, USD:||0.045|
|Current price, BTC:||0.0000056|
|Market capitalization, USD:||43 713 402|
|Available supply:||980 050 000 GNT|
|Volume 24 hours, USD:||1 737 219|
General GNT facts, technical details and general information about Golem crypto currency
Golem enables users and applications (requestors) to rent out cycles of other users’ (providers) machines. Any user ranging from a single PC owner to a large data center can share resources through Golem and get paid in GNT (Golem Network Tokens) by requestors.
Golem utilizes an Ethereum-based transaction system to settle payments between providers, requestors and software developers. All computations take place in sandbox environments and are fully isolated from the hosts’ systems.
Software developers are in the center of Golem’s ecosystem: Our Application Registry and Transaction Framework enable anyone to deploy, distribute and monetize applications in the Golem network.
We list daily Golem historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Oct 14||0.053||0.052||0.053||51 083 202|
|Oct 15||0.053||0.051||0.053||49 948 017|
|Oct 16||0.051||0.047||0.051||46 782 134|
|Oct 17||0.047||0.047||0.048||47 340 105|
|Oct 18||0.048||0.045||0.048||45 088 448|
|Oct 19||0.046||0.046||0.046||44 595 444|
|Oct 20||0.046||0.045||0.047||46 075 476|
|Oct 21||0.047||0.045||0.047||44 485 267|
|Oct 22||0.046||0.045||0.046||44 556 885|
|Oct 23||0.045||0.044||0.045||43 713 402|
|GNT price change 24 hours||-2.10123%|
|GNT price change 7 days||-8.98019%|
The project behind Golem has very good fundamentals with its decentralized marketplace for computing power, and the coin has a small but sustainable market capitalization of $50 million-plus. So, I think that GNT will do fine in the near future, but no one should expect any fireworks from this coin. It has been tailored for one cryptocurrency exchange - CoinEX - that puts up good volumes, but otherwise, Golem is meant for the "buy & hold" strategy. It will show good gains at some point in the future, though this future might be quite distant.
I check in now and again to see how the GNT community is holding up. It seems like a ghost town to be honest. I don’t see the enthusiasm that everyone shared in early 2017 when GNT was first being talked about. It’s an interesting concept but I wonder if the bear market did permanent damage to how everyone in the crypto community views GNT and its team members. I mean who really believes that GNT will have the upper hand against Amazon in the next ten years? Amazon is just getting started with its cloud computing services, and it’s even entered the fray of blockchain, so I doubt we’ll ever see GNT as a actual competitor to Amazon. The best we can hope for is a partnership.
Golem is still going to change the world- just not in the short time everyone thought in 2017. It was really naive for people to think that a cloud computing project was going to compete with AWS right off the bat. AWS has unlimited funding and backing, and GNT is basically a homemade decentralized system. Although GNT has more potential than AWS, they aren't even close to the level of competitiveness. It's obvious that Golem isn't meant to try and beat Amazon right now. Let this project grow and you'll be surprised by what it can do in the next few years. Yes, the next few years are looking very bright for crypto indeed.
Is Golem even still active? I know it's not a scam since it was one of the first ethereum projects, but they just haven't come close to actually implementing their network. Orginally they said they were a serious competitor to AWS, but at the moment this sounds like a statement to suck people into their ICO. It's a shame that the majority of crypto coins promised results, which they've failed miserably to provide. It's be interesting to see if they every make good on their promise, and if they do then i'll be the first to eat my hat.
I remember watching Golem when they were barely releasing their Clay milestone. Golem promised to change the world and they fell far short. This project ranks up there with OMG project in terms of let-down factor. The idea of a decentralized cloud computer is more then just appealing- it's necessary. The issue here is that it won't be with Golem. It's more the likely going to come from Sia Coin.
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