Golem GNT

$0.1608
Market Cap $ 154.304 MM (#50)
24h Volume $ 975.203 K
Chg. 24h: -0.98%
Algo. score 4.3/5  (#16)
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Golem News

Curious about the future of Golem Unlimited? wondering what'...

Curious about the future of Golem Unlimited? wondering what's next on CGI rendering? maybe you'd like to know more… https://t.co/0SCBaPNq3G

7 hours ago

@BobSummerwill Ha! Bob the Golem of Prague is in the city ce...

@BobSummerwill Ha! Bob the Golem of Prague is in the city center, I think 300 mts from the Astronomical Clock. The… https://t.co/J76jGftmcS

6 days ago

The Golem #DEVCON4 team! Thanks to everyone that joined our ...

The Golem #DEVCON4 team! Thanks to everyone that joined our party, @Viggith’s talk, @rootkovska’s panel and all of… https://t.co/JguSwOioWQ

10 days ago

The execution framework Graphene-ng, built by Golem and SGX ...

The execution framework Graphene-ng, built by Golem and SGX introduces a more usable UX regarding the interaction w… https://t.co/nZ3aE4nrou

12 days ago

AI Requires the Computational Capacity that Blockchain Provides

Centralized data servers might not cope with the power AI needs. At best, they can be least slow and expensive. Could blockchain-based decentralized marketplaces for computational power be the answer? Artificial intelligence (AI) — much like the internet of things (IoT) and blockchain — is set to become a foundational technology. These technologies will not only integrate but could also rely on each other to exist. According to Forbes and Gartner, by 2020, 85% of customer interactions will be managed by AI. However, AI’s compiling, rendering, and predictive analysis is extremely resource-intensive. Just two years ago it took 26 hours to map a human genome when AI is used in science and medicine. Today it takes around an hour and the computational power do so is still substantial. Centralized data servers might not be able to cope with supporting wide, daily, application of AI. Is this What Bitcoin Was Built For? Blockchain, or distributed ledger technology (DLT), may provide the computational resource AI needs by utilizing the computing power of many machines. In some ways, this is what the Bitcoin protocol was designed to do. Siim Õunap, COO of Savii Digital told Forbes: One of the little-known reasons behind the creation of the Bitcoin protocol was to get enough computing power to solve complex mathematical problems that no one computer could by itself. As the process went on, it evolved and virtual currency was born. Õunap says the Bitcoin blockchain created an ideal solution to combine hardware efforts to power technologies like AI and IoT. Professor Andrew J. Hacker of Harrisburg University, and founder of Thought AI, a public mineable blockchain for the “AI Superhighway,” says it’s not just computational, or “compute” power that’s important. So too is the data fed to AI and what happens to the results. Hacker says: Blockchain technologies hold the promise of adding structure and accountability to AI algorithms and the quality and usefulness of the intelligence they produce. Thought AI uses a 3-layer model of hybrid data, algorithm superstructures and blockchain to efficiently utilize “compute power.” Decentralizing Computational Power Currently, geneticists wanting to map genomes might need to outsource the task to centralized processing farms like Amazon’s data centers. Something that is slow and expensive. Blockchain solutions in development include services like Tatau, a decentralized marketplace for GPU power. Tatau matches a computationally intensive project with connected platform members who will share their system resources. Tatau’s CEO and co-founder Andrew Fraser says: Demand for AI computation is doubling every 3.5 months with costs increasing proportionately. Traditional suppliers, such as Amazon and Microsoft, use price as a lever to control usage - this restricts innovation. Tatau has completed a $1.5 million round of seed funding and plans to launch in June 2019. Fraser adds: We want to unleash AI innovation by dramatically reducing the cost of computing by harnessing the globally distributed GPUs used by crypto miners and making them available for compute by AI companies via our platform. Another such solution, Golem, is also a decentralized power platform that calls itself the “Airbnb for Computers.” Golem raised $8.6 million in its ICO in 2016. Blockchain could commoditize and tokenize raw computational processing power in order to deliver resources to other new technologies like AI. Wide-scale hardware development will also be needed to support the arriving age of AI, IoT, and blockchain. Will blockchain power AI. What do you think? Images courtesy of Shutterstock. The post AI Requires the Computational Capacity that Blockchain Provides appeared first on Bitcoinist.com.

14 days ago

7/ Thanks for sticking with us. Download the latest Golem ve...

7/ Thanks for sticking with us. Download the latest Golem version, and please check out the Unlimited code - we are… https://t.co/nlJfMmRnCo

17 days ago

1/ To say this week's been eventful for Golem would be an un...

1/ To say this week's been eventful for Golem would be an understatement. We'd like everyone to keep up with everyt… https://t.co/gKoz8u2jzZ

17 days ago

We are happy to announce Joanna Rutkowska is joining Golem a...

We are happy to announce Joanna Rutkowska is joining Golem as Chief Strategy/ Security Officer. Read more about it… https://t.co/PosYwjPjvJ

18 days ago

@ProofofResearch Moreover, Golem has ICOd in 2016 - meaning ...

@ProofofResearch Moreover, Golem has ICOd in 2016 - meaning we have sufficient funds for such development. We are n… https://t.co/7N533EpGjS

19 days ago

@ProofofResearch Golem is planning to update the whitepaper....

@ProofofResearch Golem is planning to update the whitepaper. The issue is, that since many things we built are comp… https://t.co/GiKX39rlFV

19 days ago

GNT Price Analysis: The long road to utility

Golem (GNT) prices have suffered heavily in 2018 with the token lacking fundamental utility, and facing weaponized FUD surrounding the quality of the current ICO and Dapp ecosystem. With product development still only in early stages and the network currently lacking underlying fundamental value, price remains exposed to the volatile wrath of crypto markets,

20 days ago

Would you like to know what the Golem team will be up to in ...

Would you like to know what the Golem team will be up to in Prague? Find all details in this blogpost, including… https://t.co/AdTo3yobRw

21 days ago

Ethereum dApp Roundup Part 1: Platforms

The incredible versatility of the Ethereum blockchain has enabled a plethora of different decentralized apps (dApps) to exist. In the following series will see ten platform dApps under the spotlight. 1. Golem Making extra cash while browsing social media is the central promise of Golem, a peer-to-peer market for putting your computer’s excess CPU power to use for other people....Read More. The post by Priyeshu Garg appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

23 days ago

Ethereum’s (ETH) Annual Developer Conference Is Less than 2 Weeks Away

The annual Ethereum (ETH) DevCon for this year will be held in Prague, Czech Republic, from the 30th of October till the 2nd of November. The conference is where Ethereum based designers, developers, researchers and artists meet. It is a family reunion hosted by the Ethereum Foundation to further educate and empower the Ethereum community to build more and better decentralized applications. Increased Community Participation at this Year’s DevCon Back in late July, the Ethereum Foundation introduced a more participatory and all-inclusive program for the event this year. Ethereum community members were allowed to apply to participate in the following activities during the event: Give a presentation: Participants to give a 5-minute lightning talk or a 20-minute presentation on the topic of their choice Lead a workshop: Participants could teach people to do something. Such an activity would be 2 hours long and participants should help their audience “get their hands dirty” by either writing code or learning to tell stories Host a breakout room: You could be creative and come up with your own programming for Devcon4. You could host dapp design critiques, facilitate a conversation, do live security reviews...just to name a few Applications have since been closed to allow ample time for the Ethereum Foundation to organize the event appropriately. Sponsors and Supporters The Ethereum Foundation has since published a list of Sponsors for the event. The sponsors are further categorized into 6 tiers to provide support in significant and impactful ways. A few of the sponsors include: AdEx, Blockchain Asset Ventures, Blockfolio, ShapeShift, SingularDTV, Ernst & Young, Golem, Microsoft, Energy Web Foundation, just to name a few. A new support tier of Scholarships and Grant supporters has been added to help bring new talent into the space. The grants and scholarships will provide support for academic programs for students on their way to becoming experienced developers. Conclusion This year’s Developer conference is particularly important for the Ethereum project and community, given the underlying issues of scaling the platform as well as coming to a consensus on the Constantinople upgrade. What are your thoughts on the Ethereum Developer Conference? Are you attending the event? What are your expectations? Please let us know in the comment section below. The post Ethereum’s (ETH) Annual Developer Conference Is Less than 2 Weeks Away appeared first on Ethereum World News.

24 days ago

Cryptocurrency is just one of seven types of cryptoassets you should know

Two years ago, the entire cryptoasset market had a value of $9 billion. Had it been a public company, it would barely have cracked the S&P 500 index. Fewer than two years later, the cryptoasset market is $300 billion in size, roughly double the market capitalization of RBC, Canada’s largest lender. The explosion (and recent pull-back) of value in cryptoassets like bitcoin and ether has captured the imagination of developers, and the attention of the media, governments, central banks, the investing public, and regulators. It has made enthusiasts euphoric, Nobel laureates skeptical, and old-school billionaires dyspeptic. Charlie Munger of Berkshire Hathaway went so far as to call bitcoin “noxious poison.” Is there any other kind of poison? To be sure, there is a lot of hype in this market, and the industry must confront such implementation challenges as scaling technology and regulatory uncertainty. But beyond the hype and mania, something profound is happening—the creation of an entirely new digital asset class. This new asset class will transform every industry in the economy, from financial services to pharmaceuticals, media to manufacturing. Existing assets like stocks and bonds will become digital assets and new yet unforeseen assets will emerge, enabling new decentralized business models based on collaboration and clever code. Understanding the various types of cryptoassets, and the different functions they serve, is crucial to thriving in this new decentralized digital economy. In the updated version of Blockchain Revolution, we break them down into at least seven categories: Cryptocurrencies like bitcoin, the granddaddy of all cryptoassets, are instruments of exchange, stores of value, and units of account. To wit, bitcoin today holds over $100 billion dollars and supports billions a day in global transactions. Banks are taking notice, going from “bitcoin bad, blockchain good,” to “bitcoin, yikes!” JPMorgan and Bank of America are speaking openly about the risks cryptocurrencies pose to their business, and Goldman Sachs and TMX Group’s Shorcan are moving swiftly to trade these assets. Platform tokens like ether of the Ethereum blockchain, the $40 billion mega-unicorn and Canada’s most successful start-up ever, are designed to support decentralized applications that eliminate intermediaries in virtually every facet of the economy. Ethereum has also emerged as the leading platform for initial coin offerings (so-called ICOs), where a project can tap into global pools of capital. To date, over $7 billion has been raised through ICOs, 70% of them using Ethereum’s standard, ERC-20. Ethereum and its challengers, Cosmos, Aion, and ICON, will form the backbone of the next era of the internet. Utility tokens are programmable blockchain assets that have utility in an application such as Golem, which aims to aggregate the power of the world’s smartphones into a decentralized supercomputer that anyone can use to run computations in exchange for golem tokens. Think Amazon Web Services without Amazon. Security tokens are native digital bonds, equities, and other securities that trade peer to peer without financial intermediaries. Why should a stock trade settle T+3 when buyer and seller can trade directly and settle T+0 on a decentralized exchange? The Canadian Securities Exchange intends to get into this market. Others would be wise to follow. ICOs have already upended venture capital. Bay Street will be next. Natural asset tokens represent tangible goods like gold, oil, or carbon in peer-to-peer markets with real-time settlement. For example, the Royal Mint partnered with the Chicago Mercantile exchange to create Royal Mint Gold, a digital gold token backed by gold bullion in the Royal Mint’s vaults. The entire commodities market is up for grabs, as is mass-market carbon trading. Cryptocollectibles are entirely unique digital assets. Consider CryptoKitties, an app that enables users to purchase, raise, and even breed unique virtual pets. As of January 2018, Cryptokitties’ 235,000 users had conducted $52 million in transactions. Companies like Everledger and others are enabling the tracking and trading of these rare and very real collectibles on the blockchain. Crypto-fiat currencies are issued and governed by central banks. In 2017, Venezuela shocked many by announcing its launch of “the Petro,” a cryptocurrency backed by the country’s vast oil reserves. The Federal Reserve and Bank of Canada should take notice: implemented properly, crypto-fiat currencies can make markets more efficient, transparent, and inclusive, and central bank policy more responsive to crises and shocks. This Cambrian explosion of cryptoassets will precipitate one of the greatest reorganizations of wealth and transformations to the global economy in our history. This represents a second kick at the can—an opportunity to assure that everyone has the ability to benefit from the prosperity of the digital age. To truly realize that promise, h

25 days ago

In the simplest case, Golem Unlimited instances (subnetworks...

In the simplest case, Golem Unlimited instances (subnetworks) will act as Golem Network single and powerful provide... https://t.co/62rpSfcbRD...

a month ago

The Golem Unlimited SDK will feature an API, docs, tools, an...

The Golem Unlimited SDK will feature an API, docs, tools, and tutorials. Although the Golem Unlimited core code is... https://t.co/BZsZNjfkJW...

a month ago

Unlimited is part of the broader Golem Ecosystem and it will...

Unlimited is part of the broader Golem Ecosystem and it will support all Golem network usecases, and provide a seam... https://t.co/YguWNrFvhE...

a month ago

Each Golem Unlimited instance is a separate subnetwork, whic...

Each Golem Unlimited instance is a separate subnetwork, which has no economy layer (no GNT are used within Unlimite... https://t.co/uKupIrBAsP...

a month ago

Coinbase Lists Its First Ethereum ERC20 Token, 0x

Coinbase, the biggest cryptocurrency exchange headquartered in the United States, has listed its first Ethereum ERC20 token. The lucky ERC20 token is 0x, the #25 crypto on CoinMarketCap with a market cap of USD 414 million as of this writing on 12 October 2018. This opens up the door for many more Ethereum ERC20 tokens to be listed on Coinbase. Getting listed on Coinbase is major news for any crypto since it makes them easily available throughout the United States as Coinbase is the go-to place to buy crypto in the country. This increases demand and price for any crypto that gets listed on Coinbase. It has been announced a while ago that 0x would likely be added to Coinbase, and 0x began to rally in the middle of September from USD 0.51 to USD 0.77 today, a 50% rally. The rally became more aggressive in the past couple of days due to Coinbase finally listing 0x. 0x is available for fiat to crypto trading on Coinbase Pro, and will soon be rolled out across all Coinbase platforms. 0x is the 6th crypto to be listed on Coinbase, the others being Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ethereum Classic. Coinbase announced near the beginning of October that it was opening a new application process, and was planning on adding every possible crypto to its exchange, eventually becoming like Binance which has hundreds of cryptos available for trading. 0x is just the first of many cryptos that will likely be added to Coinbase, and as seen with 0x, getting added to Coinbase has a very positive impact on a crypto’s market price. Therefore, if Coinbase truly ends up listing all major cryptos, it could have a significant impact on the overall crypto market. ERC20 is a protocol to make a token using the Ethereum blockchain, which is essentially a cryptocurrency that uses the Ethereum blockchain to secure itself. Numerous major cryptos are Ethereum ERC20 tokens, like Binance Coin, Maker DAO, OmiseGO, Aeternity, Basic Attention Token, Golem, Holo, Augur, Status, Populous, Waltonchain, and Chainlink. These are just the ERC20 tokens that have market caps in excess of USD 100 million, there are many more besides this with lower market caps that are still quite popular. Now that Coinbase has added 0x, it would be quite easy to add any other ERC20 token since they use the same backbone technology, and considering Coinbase’s new policy to add every worthy crypto, it is likely that many more ERC20 tokens will be added to Coinbase in the coming months. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Coinbase Lists Its First Ethereum ERC20 Token, 0x appeared first on BitcoinNews.com.

a month ago

Curious for more Golem Unlimited? We are too! Read our first...

Curious for more Golem Unlimited? We are too! Read our first blogpost about the new product we are developing, and... https://t.co/EiblesKVyi...

a month ago

Hi there! We are very pleased over the feedback you gave us ...

Hi there! We are very pleased over the feedback you gave us on our Golem Unlimited demo. Just to let you know, as w... https://t.co/Cx4CJNxhiS...

a month ago

Golem Unlimited will be an open platform featuring an SDK fo...

Golem Unlimited will be an open platform featuring an SDK for developers to implement distributed applications of t... https://t.co/2bXoDpaJ7m...

a month ago

In the demo we are showing how to set up the hub with plug-i...

In the demo we are showing how to set up the hub with plug-ins, create the trusted network and start using Golem Un... https://t.co/JbQ5R0juDr...

a month ago

Meet Golem Unlimited - our new product meant for medium to l...

Meet Golem Unlimited - our new product meant for medium to large idle computing power owners (e.g., datacenters, co... https://t.co/ubzVwWmP2A...

a month ago

Belize-Based Financial Broker RoboForex Adds 16 Crypto Pairs to Trading Platform

International financial broker RoboForex has added support for 16 crypto trading pairs to its platform dubbed R Trader. RoboForex gives investors the opportunity to trade CFDs, which are contracts for difference, on coins like Bitcoin and Ethereum. The new trading pairs are in the BTC and USD markets and include the following coins: BCH, BTG, EOS, ETC, GNT, IOTA, NEO, OMG, QTUM and XMR. RoboForex reportedly offers leverage of up to 1.5x. (GT)

a month ago

What’s Behind the Recent Altcoin Divergence?

What’s Behind the Recent Altcoin Divergence? Golem (GNT) launched in late 2016 to rapturous applause and anticipation. One of the first blockchain projects to float the idea of a decentralized computing power marketplace, the Golem ICO raised 820,000 ETH in a matter of twenty minutes. What followed was a year and a half of radio...

a month ago

In SF for Blockchain Week? Same here! Join us learning about...

In SF for Blockchain Week? Same here! Join us learning about NFTs and meet both the ECF & Golem teams at the Non-Fu... https://t.co/lMwBvevF2B...

a month ago

@Pete_Humiston @cryptodailyuk As a note, Golem as a company ...

@Pete_Humiston @cryptodailyuk As a note, Golem as a company does not provide any kind of indication for market pric... https://t.co/HJNyTs8zbZ...

2 months ago

And if you are not a Golem user, this article still is a gre...

And if you are not a Golem user, this article still is a great source to explain the Golem Economy's evolution and... https://t.co/3dESLWL9Is...

2 months ago

We believe all Golem users should have detailed information ...

We believe all Golem users should have detailed information sources to define their strategy, no matter if you are... https://t.co/HauMFfGg5s...

2 months ago

Golem Soars 12% amid Improving Technical Signals

Golem (GNT), which is among the top 50 cryptocurrencies, has advanced 12% in the last 24 hours on trading volume of $3.8 million. In fact, many altcoins are recovering today after a down day on Monday. But as CryptoDaily points out, the technical signals for GNT are solid. The MACD level, which reflects price momentum, is currently bullish. Relative strength remains neutral at 47, but it’s moving higher. John McAfee previously attached a price target of $5 to the GNT price, but it didn't achieve that level within his time frame. Golem is currently trading at $0.143. (GT)

2 months ago

Poloniex Adds 5 New Trading Pairs Against USDT

Cryptocurrency exchange Poloniex has announced five new trading pairs for USDT: 0x (ZRX), Lisk (LSK), Dogecoin (DOGE), Golem (GNT), and Siacoin (SC). Accusations of market manipulation by Tether still exists. However, that is not stopping Poloniex, which was recently acquired by Circle to add more trading pairs. Poloniex saw a volume of $34.5 Million in the last 24 hours. (VS)

2 months ago

Poloniex Pairs Tether with Dogecoin, Lisk, ox(ZRX)

Yesterday, Poloniex took to Twitter to announce the listing of new USDT trading pairs on its platform. These coins are Lisk(LSK), Dogecoin(DOGE), Siacoin(SC), Golem (GNT) and ox(ZRX). On a blog post, Circle, a payment (Peer to peer) tech that owns Poloniex mentioned that the move was aimed at enhancing the performance of the platform while also fulfilling the requests of their customers and project developers. (SK)

2 months ago

ICO Startups Boast $1 Billion of Ethereum (ETH) in Their Coffers

The spiraling of the ETH price to below $300 has largely been blamed on ICO startups of ERC20 tokens selling their holdings. In fact, ICO startups hold 3.3 million ETH, worth approximately $1 billion, and divested $4.5 million of the total in recent days. Digix alone boasts $130 million worth of ETH in its coffers, which The Daily HODL points out surpasses its market capitalization. Golem’s ETH portfolio is worth $100 million, while Status owns $70 million in ETH. The Ethereum Foundation tops them all with approximately $200 million in ETH. (GT)

3 months ago

John McAfee's Crypto Predictions Compared With Reality

John McAfee, a popular Crypto influencer on Twitter tweeted out his price predictions for multiple cryptocurrencies early this year. He said Bitcoin would cross $15,000 by the end of June which never happened. For July, he said Golem would pass $5, Docademic $0.73, Bezop $0.52, Bitcoin Private $200, and EOS $32. In reality, none of his predictions are even near the actual pricing. Some cryptocurrencies like Bitcoin Private would have to to go up by 4,000% to meet his prediction. McAfee has been accused of pumping coins in the past for personal gains. (VS)

3 months ago

Price Analysis: Augur Soars by 27.15%

Augur which enable users to predict on event outcomes has seen a price spike of 27.15% to trade at $37.50, at press time. The price has seen it surpass cryptocurrencies such as Golem, Basic Attention Token, and Verge. Currently, it has over 540 prediction markets and $1.4 million placed on bets. At the time of writing, REP had a market capitalization of $ 384,650,200, based on CoinMarketCap data. (KE)

4 months ago

BitBay Unveils Zero-Fee Fiat Exchange and Lists OMG and GNT on Crypto Exchange

BitBay exchange, which recently announced a move to Malta, is ramping up its competitive position with the launch of a new zero-commission fiat currency trading platform. As a result, traders can use the platform to convert their fiat across the euro, USD and Polish zloty from one currency into another, removing the need for a third-party provider. The Daily Hodl suggests this gives investors an edge to choose the best trading pair with bitcoin. In addition, BitBay’s cryptocurrency trading platform has added support for the No. 19 cryptocurrency by market cap OmiseGO (OMG) and the No. 44 digital currency Golem (GNT). (GT)

4 months ago

Blockchain Technology is Disrupting CGI and Creatives Industry

The CGI and creatives industry is quickly adopting blockchain technology in a bid to maximise their fortunes. The major challenge facing film production is rendering speed. It is understood that rendering requires very powerful computers and the process takes a long time. Some Film production companies are turning to blockchain technology to ease the process. Some firms are already using the blockchain rendering software such as Leonardo Render, OTOY, and GOLEM. (VK)

4 months ago

We are Golem team, ask us anything! We will answer December 14th, 6PM CET

**Welcome to Golem team reddit AMA!** Please submit any questions you have. On Thursday, 14th December 2017, 6 pm CET (6 pm Warsaw, 5 pm London, noon New York, 9 am San Francisco) the Golem team will be here to answer your questions. We kindly ask you to post every question as a single comment (one question = one comment) in the main thread. Please also check out our [October AMA](https://www.reddit.com/r/GolemProject/comments/76zddt/we_are_golem_team_ask_us_anything_we_will_answer/) to see questions we have already answered. **edit:** **Thank you all for attending our Golem Reddit AMA on December 14th. We are looking forward to do this again pretty soon. Until then, here’s the list of 20 most upvoted questions:** **Q: I've been following the project for about a year now and I'm blown away by not only the progress Golem is making but the massive increase in the community outreach. How does your ideal "customer" look like? Small companies looking for an inexpensive solution for processing power? Large companies? Companies like Amazon trying to maximize the usage of their server farms? Or is it too early to tell?** > A: Our ideal customer is a developer who wants to build an app on top of Golem, which will provide computing backend. It doesn’t really matter whether it’s a ‘legacy’ software for rendering, financial analysis or dApp that distributes its services over many nodes. **Q: You've shown interest in teaming up with Friends and OMG. Are there any other partnerships you're considering in the future?** > A: As for the future partnerships, we definitely want to strengthen ties both with other projects from our space, as well as with potential Golem users from software industry. Please see answers [here](https://www.reddit.com/r/GolemProject/comments/7jajpl/we_are_golem_team_ask_us_anything_we_will_answer/dr6i0zt/?st=jb5axv6l&sh=097a16d6) and [here](https://www.reddit.com/r/GolemProject/comments/7jajpl/we_are_golem_team_ask_us_anything_we_will_answer/dr4wame/?st=jb58cq7f&sh=7016fdca) for more. **Q: How are the future releases (Clay/Iron/Stone) impacted with Brass' delay? Do you have an ETA for Clay?** > A: We have a well-defined plan for 2018 - delivering Brass, to extend it by adding more use cases, GPU support, and commercial renderers’ support - as per [this past answer](https://www.reddit.com/r/GolemProject/comments/7jajpl/we_are_golem_team_ask_us_anything_we_will_answer/dr6i03n/?st=jb59t4a1&sh=d47584a2). This will most likely include a revision of not only dates but also of the scope of the next steps. We want to present more details after the mainnet release - and we are currently working on that. **Q: When completed, where do you think Golem will rank among the world's supercomputers?** > A: Supercomputers in the strict sense of the word are not a distributed network such as Golem, so such comparisons are not really possible. It is hard to predict what will be the otal Golem power because the network keeps changing. Golem can be seen as a competitor for supercomputers and cloud providers. However we think they can cooperate with Golem, be a part of the Network and finding a new way to profit from their computing power. **Q: Once Golem Brass is completed, does that ease up the ability to create the rest of the projects?** > A: Brass is a major step. But what’s most important is everything we have already learned (and will further learn). The mainnet launch will be also important to understand what exactly we are creating and how it works. This is both scary and awesome - no one has launched anything like that before. The challenges we are dealing with during Brass development are in many places common for all Golem milestones, so actually, the following milestones should not be harder to complete compared to initial plans. Please click [here](https://www.reddit.com/r/GolemProject/comments/7jajpl/we_are_golem_team_ask_us_anything_we_will_answer/dr6kw18/?st=jb5azq5b&sh=032a098e) to learn about after-Brass plans. However, the whole roadmap will be revisited and updated in 2018. **Q: What are your plans for the next 12 months for hiring new team members (from developers to client outreach, etc.)?** > A: Since our last AMA session, we have taken some steps to speed up our recruitment process, and the effects are satisfactory. At least 5 new people are joining the team during the first months of the coming year (4 of them in January), so in the months ahead we are mostly going to focus on onboarding them and re-structuring the team. For mid-term our main recruitment objectives are to 1) strengthen the core dev team (our needs in this sense seem to be unlimited), 2) help our partner companies (which work on key elements of Golem) grow their teams, 3) scale up the comms/marketing/bizdev team in order to facilitate Golem’s adoption once we are in production. **Q: Is there a chance that the GNT mainnet gets postponed to Q2 2018?** > A: Yes, this is due to the fact we will only swi...

a year ago

We are Golem team, ask us anything! We will answer October 18th, 6 pm CEST

**Welcome to Golem team reddit AMA!** Please submit any questions you have. On Wednesday, 18th October 2017, 6 pm CEST (6 pm Warsaw, 5 pm London, noon New York, 9 am San Francisco) the Golem team will be here to answer your questions. We kindly ask you to post every question as a single comment (one question = one comment) in the main thread. **edit:** **Thank you all for attending our Golem Reddit AMA on Wednesday, Oct 18th. We are looking forward to do this again pretty soon. Until then, here’s the list of 20 most upvoted questions:** **Q: Can you confirm or deny the rumor that Coinbase is going to add GNT?** > A: We know nothing about that. Indeed it seems that Coinbase is interested in listing app tokens. On the other hand, we think Coinbase will not list a token of an app which is not in production yet. **Q: I heard that the team plans not to support mobile devices. In the road map they are also absent. Personally, I see an excellent idea, a mobile phone, which, worked on a golem network all night long, while charging. Mobile devices are billions. Every year they are more powerful. Why don’t you consider this market? Is there a chance that you will change the decision? Thanks!** > A: Connecting mobiles is tempting, but for a number of reasons would be more difficult than developing for main computers platforms we are working with ATM (Windows, Mac, Linux). First, we have to be really careful with transferring data to mobile devices (it’s usually slower, often significantly more expansive and disk space on mobile devices is usually limited). Secondly, we already have three platforms to develop on, adding additional two would further slow us. So, we want to do this right for Windows/Mac/Linux and only then think about mobiles (or game consoles and the like). **Q: Having to purchase app-specific tokens to use Golem creates a barrier to entry. Moreover, fluctuations in the price of GNT will make it difficult for people to plan expenditure. Combined, these two things create significant friction. Are you concerned that someone will simply fork Golem to run on ETH or a stable token instead? If not, why do you think someone would want to use Golem rather than a forked replica?** > A: We are aware of these frictions, but they can be partially mitigated e.g. by displaying prices in fiat currencies (if a user chooses this option). Price fluctuations are a potential problem as well, but with relatively fast processing of transactions and high liquidity, the impact on UX should be minimal. Forking Golem is technically possible, as anyone can just fork the code base and launch a platform with ETH instead of GNT payments. What cannot be cloned/forked is the user base. Right now Golem has a large pool of potential early adopters, i.e. GNT holders, who also have skin in the game. Also, the central element of our go-to-market strategy is to build an ecosystem software running on top of Golem. This will create network effects, thus making a successful fork even harder. In addition, GNT has a built-in migration mechanism which can be used to upgrade the way transaction framework works. It applies to the additional logic required by Golem in the context of the transaction framework as well as additional economic incentives that become important. **Q: Will Golem support GPU rendering?** > A: When we’ll find or create suitable virtualization solution that supports virtual GPU on all our platforms. We’ve done some tests for Nvidia Docker, so there is a chance that Nvidia users may have support for GPU activated earlier. Also, Linux user may expect GPU support sooner than users of other OS. We plan to focus on that after Brass release and we hope to have it ready with Clay or a little bit earlier. Then again, we are not indefinitely constraining ourselves with containers and virtualization. In future versions of Golem we plan to add so called host-direct mode, which main purpose is to allow computations to happen directly on the host machine (which makes it pretty easy to use any GPU related technology). Such approach is easy to implement and add to the protocol but causes additional security issues which we are going to tackle only after Brass (i.e. Iron). Having said that, we don not limit Golem adopters to virtualized environments only. Even after Brass, it would be possible to create an integration with a virtualized gateway communicating with the Golem network on one side and separate set of nodes with enabled host-direct mode on the other. In such setting the gateway simply dispatches tasks to the nodes (which are not accessible directly from the Golem network), the nodes in turn can perform computations without virtualization and send back results to the gateway. This way host-direct mode can be exposed in a limited way to the Golem network long before the Iron release. The only thing that one has to keep in mind is that this setting is not guaranteed to be secure, so the nodes with host direct mode sho...

a year ago

Thoughts on Golem - Why I bought some

I wanted to share my thoughts on Golem, challenges that I see people concerned about, and why I recently bought a little bit. I'd be happy to hear different opinions and learn, which is my primary reason for posting this. I'd rather be shown where I'm wrong than keep money in a poor investment. Right now, Golem looks like a potentially great investment to me, albeit one with existential risk. I'm going to express opinions that you may want to consider relative to my background. I led the Windows 95 kernel development team. I started and led the development of Microsoft's Java Virtual machine in 1996, because I believed in secure computing on the Internet. When Sun sued us, I was taken off of that project, and I started the ,Net CLR (common language runtime), where I eventually led the original .Net platform team and its architecture. Since that time, I've worked on large distributed systems as Technical Fellow on Microsoft's advertising platform, low level operating system kernels, and as CTO for Parallels, where I focused on SaaS and XaaS provisioning systems for applications and microservices in the service provider industry. Most recently, in addition to selling a 3D printing electronic plastic filament that I developed, I have done some consulting on large distributed systems and development of machine learning applications. I realize that people are concerned about the 450+ million valuation of the Golem network at present, the challenges of securing data and systems necessary to realize their vision, and the fact that Brass Golem is a little late (though they did just release 0.6.0 pre-Brass Golem). Here's why those aren't the issues I'm concerned about... If Golem does crash and burn, it will eventually dwindle to zero, but I do not see any indication yet that it is headed in that direction. In 3 months, depending on where they are with Brass Golem, I may start to have another opinion, but with what they're trying to do, I think it's completely reasonable to give the benefit of the doubt for now. On the other hand, if it does not crash and burn, I believe this project has the potential to be much bigger than most people think today, potentially as big as the rest of Ethereum, and almost certainly many times more than its current value. If Golem succeeds, each token will be nothing less than one billionth of likely a larger supercomputer than most of us can contemplate right now, and will be the bottleneck of all commerce to and from that system. That will be intrinsic value unlike most cryptocoins, yet it will still be available as a coin to trade as with others. With the unlimited appetite that certain applications have for computing power, and my real consideration is machine learning and AI, a billion dollar valuation would really be a pittance for a combined distributed supercomputer at blockchain scale, a commerce system enabling it as a market, and the applications and customers to make it work. What is the killer application? I am certain that machine learning and AI will comprise the next wave of killer applications (I hope not literally). How big is the market? How big was Windows altogether? This could be much, much bigger. What about AWS, Azure, Google? IMO, they should consider Golem a market, but likely not for a few years. They can provide the most trusted provders as well as applications. The market for all will be growing, They will offer operational guarantees, customer support, and historical reliability that will take a few years for Golem to compete with through raw technology, but once Golem becomes truly useful, then as it improves, I believe it will continuously gain momentum through the network effect and its headstart that will be very, very hard to beat. I know that the Golem vision is one of those BHAGs, otherwise know as big hairy audacious goals, but with a strong committed team, and with the approach they seem to be taking, I think they are quite likely to succeed. I would expect that when building something so disruptive and ambitious, it could be a little hard to hit every date....

a year ago

Golem Project FAQ

**(Actual) Frequently Asked Questions** Unlike a standard FAQ, this (A)FAQ consists of the most commonly asked questions from our community. For much more elaborate (but slightly outdated) FAQ full of questions no one actually asked, please consult our [GitHub wiki](https://github.com/golemfactory/golem/wiki/FAQ) **What wallet should I use?** Ah, dear friend, we do not have our own wallet, because GNT is an Ethereum-based token and does not need one. That’s right, you may use any Ethereum wallet which supports Ethereum-based tokens! Neat, huh? For reference, the most popular proper Ethereum wallets are Mist/Ethereum Wallet, Parity, and MyEtherWallet. **When Brass Golem is going to be released?** We aim to be in production in early 2018 once we are 100% sure our solution is safe (externally audited) for all parties. Kindly follow our [Kanban](https://trello.com/b/YL1qZ2pZ/brass-kanban) and expect more details before the end of this year. **How can I sell my computing power with Golem?** At the moment, as we are in pre-release phase which does not include selling your computational resources. Nevertheless, we would adore you checking out the alpha version and helping us test it, which will bring us closer and closer to a real release. On our [Rocket Chat](https://chat.golem.network/home) you can find special testers #room. **Holy mackerel, I want Golem integrated with my software! What should I do!?** Contact us on [Rocket Chat](https://chat.golem.network/home) or at contact@golem.network. We would be (actually) happy to discuss and see if we can form some kind of cooperation to get you started. **How does Golem compare to Ethereum?** In fact, Golem does not compare at all: Golem is an off-chain project which uses Ethereum as a transaction layer. In other words: Ethereum = consensus network w/deterministic compute. Golem = arbitrary compute network. **Which exchange is the best one for purchasing GNT?** We are not working with, or have any special relationship with, any exchanges. We have not reviewed their code (though occasionally we [find dangerous bugs](https://blog.golemproject.net/how-to-find-10m-by-just-reading-blockchain-6ae9d39fcd95)), and do not have any cooperation agreements in place. In short, we are not in the position to recommend this exchange over that exchange. Good luck out there; your mileage and security may vary. **When is GNT going to be listed on X or Y exchange?** Again, we are not working with exchanges, so we simply do not know. You can discuss that on /r/GolemTrader or the #trading channel on our [Rocket Chat](https://chat.golem.network/home). However, please bear in mind that everything you hear on that topic may be nothing more than some very charming rumour. **Is GNT a good investment/what will be the price in X/Y days?** Look, we’re simple programmers. We work on the Golem technology, and this subreddit is about that. If you want to discuss prices, you should go to /r/GolemTrader, /r/ethtrader or some other place with active trading discussions. Please be aware that any discussions on trading and prices of GNT are going to be mercilessly removed from this subreddit. It’s not that we don’t love you guys, but we don’t want to get embroiled in that particular kind of passion right now. **How does Golem ensure confidentiality of files?** It does not. Zero-knowledge computing is expensive and time-consuming. Provider's machine needs to get the job done, which means there is no way around it - with some skill provider can eventually take a peek into what is computed on the machine. We believe that with professional providers on the network and a way to identify them (in the future), this problem will be similar to the confidentiality of public cloud services. It is also worth noting, that for many use cases value (business or scientific) is generated by processing non-sensitive or public data. ...

2 years ago


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