Presentation and definition of the crypto-currency Golem (GNT)

Presentation and definition of the crypto-currency Golem (GNT)

  • Name of the crypto-currency : Golem
  • Abbreviation : GNT
  • Where to buy the Golem ? Binance
  • Creation Date : November 2016
  • White paper Golem
  • Website Golem

Golem, a super-computer

Golem is a decentralized system with open source which is based on the network Ethereum. It is a “super-computer” connecting several computers by network peer-to-peer. It is the blockchain that lets you combine the power of all the computers and pay then providers. The objective of Golem is to make computing power accessible to all and at a reduced cost. In effect, the network allows each user to benefit from the power of the other machines, by renting the resources to other computers. We speak of “plaintiffs” who are going to perform a rental application with “suppliers”. The applicants will be able to use the resources to perform any operation that requires a length of time and capacity calculations high. To complete transactions, Nem uses a protocol based on Ethereum, and thus allows for direct transactions between providers, applicants and developers.

The tokens GNT

The network Golem uses tokens GNT. 1 billion chips have been issued, and the limit is fixed. It is a ICO, an “initial corner offering, which has enabled the financing of the project. It is a campaign of crowdfunding in crypto-currency. Following the ICO, 120 million tokens belong to the company responsible for the project, the Golem Factory GmbH. 820 million have been sold to investors and 60 million are held by developers and first users. The GNT is a token ERC-20, that is to say that it is based on Ethereum.