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Review on Golem by Fabrizio Zampieri

Revainrating 4 out of 5

Golem project is a decentralized supercomputer that is distributed and can be…

Golem project is a decentralized supercomputer that is distributed and can be accessed by anyone.
Golem wallet offers you a platform to store private and public keys and allows you to interact with Golem blockchain enabling you to send and receive payments from other users. A wallet expedites the transfer of Golem while it gives ownership of the remaining digital coins to the user. The wallet is available in numerous forms including mobile, desktop, web and hardware wallets.



Pros
  • Golem specifics: - performing blender CGI rendering; - used in distributed computing power; - offers a substitute for the irreconcilable difference between inflated cloud-based rendering services and waiting age. Team consists of dedicated programmers and engineers who have vast experience in P2P platform and blockchain technology. Golem can have different and important uses: - computer graphics: Due to its superfast speed, Golem can be used to distribute the task of rendering CGI within a few minutes at a cheaper rate; - business and analysis: brass Golem is used to speed up business computation in stock market predictions and big data analysis at a lower cost; - machine learning: Golem can be used in expediting the process when teaching AI to beat grandmasters, recognize the human voice or recognize different images; - science: the field of science can take advantage of those low cost and easy access to a powerful supercomputer. The technology plays a vital role in the analysis of DNA and simulating protein folding; - cryptography: it can run the globe’s first and biggest fully decentralized cryptocurrency mining pools. Additionally, GNT crypto makes the cryptography to work like integer factorization; - microservices: the golem app registry can run different kinds of decentralized micro-services and apps that everyone can create and share an income if they want; - micropayments: golem network uses a superfast technology that comes with a secure money transfer systems used to make a micropayment. Golem provides a streamlined pathway where currencies all over the globe and users can make some micropayments for different transactions; - computing power: Golem network allows users to give out their cycles to other user’s machines. Any user with a single PC or huge data center is allowed to share the resources to the network. For the reason that there are numerous software developers who are in the center of Golem’s ecosystem, both the app registry and transaction framework will enable you to deploy and disperse resources to Golem network. It is possible to buy GNT on the most important exchanges (Bittrex, Binance, Cryptopia, etc..).
Cons
  • Golem is in its initial stages so there is a lot of work to do. Unlike other coins, Golem cannot be mined because of its pre-developed restrictive properties. However, the developer can obtain the GNT tokens through a pre-mining process that allows users to share coins amongst themselves. Mining Golem depends on what you are using the computer for.

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