Deutsch
Français
English
Español
Italiano
العربية
中文
Português
Русский
TürkçeGolem Information
Golem is a decentralized platform that allows users to rent out their computing power to others, creating a global supercomputer network. By enabling peer-to-peer exchange of resources, it effectively lowers the cost of computational tasks and encourages collaborative projects. This innovation not only democratizes access to high-performance computing but also opens up opportunities for developers and businesses to solve complex problems more efficiently.
Understanding Golem: A Decentralized Computing Powerhouse
In the rapidly evolving world of cryptocurrencies, Golem stands out as a unique project with its ambitious goal to create a global, open-source, decentralized supercomputer. Leveraging the power of blockchain technology, Golem aims to democratize access to computational resources by allowing users to rent their unused computing power. But what makes Golem (GLM) truly unique, and what are the potential advantages and disadvantages of investing in this cryptocurrency?
The Vision Behind Golem
Established in 2016, Golem originated with a clear vision to disrupt the existing cloud computing industry by offering a decentralized alternative. The foundation of the network lies in its P2P (peer-to-peer) architecture, where users known as 'providers' offer their computational resources in exchange for GLM tokens. This decentralized model intends to mitigate the monopolistic control of tech giants over cloud computing.
Advantages of Golem
One of the most significant advantages of Golem is its potential to lower costs for users who require substantial computing power. By eliminating middlemen, Golem can offer competitive pricing for services such as CGI rendering, scientific computation, and machine learning tasks. Furthermore, the open-source nature of Golem encourages transparency and continuous innovation by its community.
Another advantage is the project's commitment to privacy. Unlike centralized services, Golem does not store data on centralized servers, reducing the risk of data breaches. The underlying Ethereum blockchain further enhances security through its immutable ledger.
Challenges and Limitations
Despite its innovative approach, Golem faces several challenges. The foremost is the network's reliance on user adoption. Without a significant user base and enough providers, the network's efficiency and cost-effectiveness could be compromised. Additionally, competition from entrenched cloud services poses a constant threat. These established players offer robust, easily accessible, and reliable services that new decentralized applications struggle to match.
Technical complexity also plays a role; for average users, participating as providers may require more technical expertise than traditional cloud services. This potential barrier could hinder widespread adoption.
Historical Performance of Golem
Golem's price history has been characterized by significant volatility. The token reached its all-time high (ATH) of $1.32 on April 13, 2018, during a period when the broader cryptocurrency market was witnessing tremendous growth. Since then, Golem has experienced substantial depreciation, with prices reflecting the general market trends, illustrated by its current market price considerably lower than the ATH — approximately 75% below its peak.
However, it's noteworthy that Golem has shown impressive resilience since its all-time low (ATL) of $0.0091 in December 2016. The project has maintained significant growth over the years, with a return on investment (ROI) exceeding 3200% from its early trading days.
Future Prospects: What Lies Ahead for Golem?
The future of Golem hinges on several key factors: the expanding market for decentralized applications, enhancements in blockchain technology, and the project's ability to scale effectively and attract a broader user base. As the demand for decentralized services grows, Golem's unique positioning could prove advantageous. Key to its future success will be continued development, strategic partnerships, and improved usability for non-technical users.
Furthermore, as the global computational needs expand, particularly with developments in artificial intelligence and big data analytics, Golem is poised to find its niche in the broader market landscape. The project’s adaptability and community involvement will likely play crucial roles in its ability to meet evolving market demands.
In conclusion, Golem presents a compelling opportunity in the rapidly evolving blockchain ecosystem. While it faces significant challenges, the project's innovative approach to decentralized computing has the potential to revolutionize how computational resources are accessed and distributed. Potential investors should weigh these considerations against the inherent risks associated with cryptocurrency markets.
|
from price
$0
|
General Information |
|---|
|
Title
Golem
|
|
Symbol
glm
|
|
Whitepaper
|
|
Website
|
|
Community
|
|
Last Updated
2025-01-21 23:51
|
Price Data |
|
Current Price $
0.353714
$
|
|
High 24h
0.361422
$
|
|
Low 24h
0.33522
$
|
|
Price Change 24h
0.00753688
$
|
|
Price Change % 24h
2.17717
%
|
Market Data |
|
Market Cap
353841848
|
|
Total Volume
17839739
|
|
Market Cap Change 24h
8339152
|
|
Market Cap Change % 24h
2.41363
%
|
|
Return on Investment (ROI)
3437.1436794073
%
|
Supply and Availability |
|
Circulating Supply
1000000000
|
|
Total Supply
1000000000
|
|
Max Supply
-
|
Historical Data |
|
All Time High (ATH)
1.32
|
|
ATH Change %
-73.28462
%
|
|
ATH Date
2018-04-13 09:13
|
|
All Time Low (ATL)
0.00913753
|
|
ATL Change %
3771.8713
%
|
|
ATL Date
2016-12-12 00:00
|