Golem cryptocurrency is nothing but a global, open-sourced decentralized super-computer that almost anyone can access. It is made up of the combined power of users’ machines, from personal laptops to entire data centers.
The Golem Network is a decentralized sharing economy of computing power where anyone in the worldwide can make money renting out their computing power or developing and selling software.
Ways in which Golem can be used:
It is apt to run the world’s largest fully decentralized cryptocurrency mining pools.
It can speed up business computation simultaneously lowering costs as in stock market prediction or big data analysis.
Golem plays an important role in speeding up the process.
It can distribute the task of rendering CGI, drastically reducing both the time and the cost.
The application registry of this coin can run countless types of decentralized micro services and apps
Science: Immense benefit can be achieved from inexpensive and easy access to a powerful supercomputer.
The main aim of this project is to create a globalprosumer market for computing power.
In technical terms, Golem is designed as a decentralized peer-to-peer network established by nodes running the Golem client software.
Types of Nodes:
The main responsibility of these nodes is to announce computing tasks.
The main responsibility of these nodes is to perform computations.