The 35th Top Coin is up almost 20% while the rest of the market is stuck in neutral or backpedaling.
Golem network is known to be a worldwide supercomputer which is decentralized and has the power of all machines that are connected to its network. This basically means, that in Golem ecosystem, a user can loan their unusable or spare computer resources to someone else who might have its requirement to execute complex tasks in exchange for money. The core idea behind creating golem network makes ideal for those who are more likely to execute intensive calculations for complex projects such as Artificial Intelligence, Natural Language processing and even machine learning to explore DNA. But the team is known to be working on CGI rendering. Golem can boost the processing power of a computer’s CPU and GPU.The golem network token is an Ethereum based ERC20 token which is paid by the user for renting computational power. Providers can freely set their price in GNT as the rental price. Since Golem works as a marketplace, therefore, these prices will reach equilibrium over time. GNT is also required to submit deposits to providers and for participation in the application registry.
If the Golem proves to be successful, it could be revolutionary. The concept behind Golem is simple; the task at hand is divided into fragments and sent to participants in the network. Each computer completes its part of the task and returns the result. This approach to division and conquest of computing is very efficient and means that many tasks are carried out in parallel, ensuring high speeds.
Technically, this coin looks like a real beauty, and if it can clear it's May highs of 75 cents, I'd say it's ATH of just over a buck is in play. Today, the coin trades for 65 cents. Fundamentally, Golem is even more attractive. A young crypto hedge fund star who began his career as a 12-year old programmer told us it was his favourite coin because the technology "rocked". With hundreds of coins and new ones coming onto the scene constantly, it's nearly impossible to stay on top of everything. Actually, it is impossible. And there's the trap of thinking every coin in the world is pegged to BTC. But that's a mirage: some coins will prove their worth and have different trajectories than BTC or run of the mill alt-coins. Golem might be one of them. As my hedge fund pal told us, "if TRON is worth $4-5B, Golem should be worth $30B."
Today, Golem's market cap is a cool $535M.
If you haven't been aware of this project, hopefully it's on your radar now.
Disclaimer: information provided by @cryptomedics does not constitute as investment advice, financial advice, trading advice, or any other sort of advice, and you should not treat any of the website's content as such. Do conduct your own due diligence and always do your own research before investing. If you like our content, show us some love, upvote, resteeem it and join our Telegram Discussion or the Main CryptoMedics Channel.
Excellent article. I learned a lot of interesting and cognitive. I'm screwed up with you, I'll be glad to reciprocal subscription))
it's funny how people are obsessed with Golem, whereas it's competitor - SONM - is way more ahead and more appealing: technically superior to Golem, currently in testnet, with livenet coming in June, masternodes, with a current market cap of $75M :D it's the hidden gem of the year..
Thanks for the tip, we wil do a due diligence on that one.