Golem Network (GLM): Are they worth investing in?

Golem Network (GLM) emerged as an innovative solution in the context of the 4.0 industrial revolution. With the goal of creating a global computing resource sharing platform, GLM has attracted the interest of many investors and programmers.

In this article, AZCoin will help you better understand Golem Network and the development potential of this project.

What is Golem Network (GLM)?

Golem Network is a distributed platform that allows for the exchange of computing power between users. Operating under a peer-to-peer (P2P) marketplace model, Golem allows users to provide or rent excess computing resources to perform computationally heavy tasks such as artificial intelligence (AI), cryptocurrency mining, and CGI graphics rendering.

GLM Project Development Team

The Golem Network development team is developed by a team of experts with experience in the field of blockchain and computer technology. They are not only tech savvy but also have an insight into market demand.

Some prominent members of the development team include:

• Julian Zawistowski : Co-founder and CEO of Golem Network. With foresight and strong leadership, he helped shape the direction of the project.
• Piotr Janiuk : CTO of Golem Network, who has experience in the field of software development and extensive knowledge of blockchain. He plays a key role in ensuring that technology is developed to the right standards.
• Jędrzej Skrzypczak : CEO of Golem Network, who has experience in the field of product and service management. His leadership helps to maintain harmony and progress in the development team.

How does Golem Network work?

The Golem Network works by connecting the requestor with the provider of computing resources through its network. The requestor sends requests, Golem breaks down the tasks and assigns them to the appropriate Provider. Once completed, the requestor pays the Provider directly through Golem s contract system.

Golem stands out for its ability to split requests into smaller tasks and peer-to-peer connectivity, distinct from traditional cloud-mediated services. Golem delivers value through its utility, engineering and technology, creating a secure and decentralized P2P marketplace that reduces costs compared to traditional cloud services and encourages the use and sale of computing power.

Outstanding features of Golem Network

Golem Network has some outstanding features such as:

• No central server : Golem works without a central server, which enhances robustness and censorship resistance. Users can participate by providing computing power from their devices and earning GLM tokens.
• Order Matching Marketplace : Golem uses a marketplace to connect people who need computing power with providers, ensuring resources are used efficiently and users only pay for what they actually use.
• Data security : Golem protects user data with end-to-end encryption, public encryption, and technical signatures, ensuring only authorized people can access the data.
• Transparent transactions : All transactions on Golem are recorded on the blockchain, providing transparency and verifiability.

Learn more about GLM token

What is GLM token?

GLM token is a utility token used on the Golem Network. It has the following main functions:

• Payment for computing services : Requester uses GLM tokens to pay providers when using their computing power. This helps create a sustainable value chain for the network.
• Participate in network governance : GLM token holders have the right to vote on issues related to the future of the network. This gives the community a voice in important decisions.
• Use for other purposes : GLM tokens can be used to purchase Golem Network-related services, like data storage or access premium features.

GLM token key metrics

• Token Name: Golem
• Ticker: GLM
• Blockchain: Ethereum
• Token Standard: ERC-20
• Contract: 0x7dd9c5cba05e151c895fde1cf355c9a1d5da6429
• Token Type: Utility
• Total Supply: 1,000,000,000 GLM
• Circulating Supply: 1,000,000,000 GLM

GLM token allocation

• Token Sale: 82%
• Team: 6%
• Golem Factory GmbH: 12%

Where to buy and sell GLM tokens?

You can buy and sell GLM tokens on the best cryptocurrency exchanges such as Binance, Coinbase, Kraken and Huobi. To make a trade, you need to create an account on these exchanges, perform identity verification, and then fund your account to start trading GLM tokens.

Where to store GLM tokens?

Just like MX tokens and OKB , GLM tokens can be stored in wallets that support the ERC-20 standard, including MetaMask, Trust Wallet and MyEtherWallet. You can also use hardware wallets like Ledger Nano S or Ledger Nano X to store GLM more securely.

Is Golem Network (GLM) worth investing in?

Investing in the Golem Network (GLM) could be an attractive option if you believe in the potential of distributed computing platforms and the development of blockchain.

Golem aims to create a distributed network to provide computing power for applications and projects that require high resources, which could be of great benefit to many industries.

However, as with any investment, it is important to assess the risk and potential. You should thoroughly research the project, privacy policy and market factors before making an investment decision.

Conclusion

Through this article, AZcoin has helped you better understand Golem Network (GLM) – a potential project in the field of shared computing resources. With practical applications and a strong development community, GLM promises to bring many breakthroughs in the future!