Golem (GNT)

Golem (GNT) is a decentralized, open-source, blockchain-based distributed computing platform that allows users to rent out their computing power and earn cryptocurrency rewards. Golem is built on Ethereum and uses smart contracts to facilitate the renting and use of computing power.

Golem was launched in 2016 by a team of developers led by Julian Zawistowski. The team’s goal was to create a single, global, distributed supercomputer that could be used by anyone, anywhere. This would allow users to access computing resources that otherwise might not be available to them, such as expensive servers, GPUs, and data centers.

The network consists of three main components: a distributed virtual machine, a task manager, and a transaction manager. The virtual machine allows users to tap into the computing power of the network, while the task manager helps users to schedule tasks and the transaction manager helps users to pay for those tasks.

Golem’s cryptocurrency, GNT (Golem Network Token), is used to pay for computing power on the network. GNT is also used to reward users who contribute computing power to the network. The more GNT a user holds, the more computing power they can access.

Golem has seen rapid growth since its launch in 2016. It has attracted a wide range of users, from scientists and researchers to gamers and developers. The platform is continuing to expand and add new features, making it one of the most promising decentralized computing platforms in the blockchain space.