Golem Network Token to dollar/ruble rate for today

Definition of a crypto coin

Golem is a cryptocurrency whose name is a computer network with a common connection between components. Software developers call the system a decentralized supercomputer. The need for existence is relevant for some areas of activity where labor-intensive calculations are indispensable. You can use third-party resources, but it is very expensive, and the market for providing capacity is monopolized.

Golem is a project that can simultaneously solve two problems: the inaccessibility of renting computing power for users and the high cost of the service. The solution is quite simple: provide the opportunity to rent out the computer performance of third-party people who are not related to the organization.

The platform's activities are useful in the following situations:

1. Computer graphics rendering.
2. Computing in scientific fields, such as genetic analysis, developing new materials, or solving complex mathematical problems.
3. Use of cryptography. Mathematical computational actions and cryptocurrency mining.
4. Analysis of exchange rate movements, analysis of market behavior.
5. Artificial intelligence training.

Organizing the process of transferring computing power is possible only if the participating users are separated:

• customers;
• owners of productive machines;
• software developers.

Customers need to conduct research, for which they use developed software that functions only with the proper computing power. They are provided by suppliers or nodes, between which tasks are evenly divided. If the productive devices cope, participants receive payments in the Golem cryptocurrency.

A node's reputation drops if tasks are performed inappropriately. The indicator is also expected to grow. The system is called self-regulating, since additional regulatory bodies are not required.

Registration of participants in the system does not imply their assignment to one of the roles. The customer may finish the project and the performance of someone else’s equipment will no longer interest him. In order not to leave the platform, the customer provides his own computing power, receiving the Golem cryptocurrency.

Special mention is required for the role of developers in the Golem system. Participants do not have to work to order: there is an option to sell software through a special registry where authorship is preserved.

The payment method and product cost are determined by the software creator.

How Golem works

The idea behind Golem is to enable owners of powerful PCs to rent out computing resources, similar to real estate. Let's say you only need 30% of the computing capabilities of your PC to work. You can provide the unused 70% for use by other participants in the network. Of course, not for free.

Golem has three main categories of users:

• Customers;
• Suppliers;
• Developers.

Customers are people who need computing power and want to rent it. Suppliers provide customers with part of the capacity of their machines, charging a certain fee for this. Developers are responsible for all the tasks of improving the operation of the network and resolving emerging software problems.

Course dynamics (online)

Exchange rate of Golem cryptocurrency to ruble and US dollar:

November's ICO, completed in 20 minutes, prevented investors from selling coins at a high price on the same day. A cryptocurrency called Golem appeared on exchanges only in the spring of 2020, which caused a significant jump in the value of the token. The price for Golem coin at the time of crowdfunding was $0.0101.

The price per coin is unstable even for the cryptocurrency market, which creates favorable conditions for investors to make quick money. The maximum was reached in January 2020, when the Golem exchange rate to the dollar was fixed at $1.23, which is 100 times more than the ICO price.

History of development

The head of the Golem project and cryptocurrency developer is Julian Zawistowski, who, together with his team, lives in Poland, where the company has an office.

The launch of the project would not have taken place without ICO. A successful fundraising campaign allowed the development team to sell Golem cryptocurrency for $8 million. In Ether equivalent, which was accepted as payment, the amount was 820,000 ETH. The company collected the required amount of money in 20 minutes. As a result, 82% of the coins went to investors, and the remaining part was assigned to the team of Julian Zawistovsky.

To launch the project, four stages were developed and implemented, which had names similar to the levels in the Dungeons & Dragons board game:

1. Copper. The development of this stage lasted six months. A user interface has been implemented, stable file exchange between customers and suppliers has been configured, a reputation system has been thought out and implemented, a registry for downloading software products has been created, and decisions have been made on rendering files in Blender and LuxRender.
2. Clay. 15 months have passed since the start of development, which dates back to December 2020, 9 of which were allocated for the creation of the second stage. The interface was improved, the registry for programs was further developed, and the functionality of distributing tasks between users was increased.
3. Stone. The implementation of the stage should end in December 2020. The registry should automatically certify applications.
4. Iron. The last stage, the result of which should be a full-fledged, stable application with the ability to scale and a high level of security. The website should display statistics for suppliers with any reputation.

The Iron Golem or the last level is the result of the work of the project developer. Until this time, the cryptocurrency assigned to the team can be used as a means to promote and implement the software product.

Technical features

The Golem system runs on the Ethereum blockchain. Many people do not recognize the GNT cryptocurrency as a coin and try to use the term “token”. The choice of platform fell on the development of Vitalik Buterin due to the fact that the platform carries out transactions constantly, their amount varies from a few cents to thousands of dollars.

The Bitcoin blockchain is disadvantageous due to high fees, which can greatly increase the cost of cheap services that cost a few cents. Ethereum solves the problem by further optimizing the payment system, reducing the costs of the project authors. Vitalik Buterin did not stay away from the development and takes part as a permanent consultant.

Technical features of Golem:

1. Lack of centralized management mechanisms. There is no node in Golem that is at risk of failure, which increases the reliability of the system.
2. High system scalability. The Golem software architecture allows you to not set a limit on connected nodes.
3. Safety. Computations take place on virtual machines and are completely isolated from the hosting. The reputation indicator among users will not allow you to perform work from customers if the value is negative.
4. Integrability. Developers can offer their own software products for the project.
5. Versatility. Computers on the network are used for a wide range of tasks. The only condition for renting productivity is the ability to split the task into several parts.
6. Architecture. Every connection is encrypted for added security.

For investors in the Golem cryptocurrency, the features are enough to believe in the project. All that remains is to figure out how to get the coin.

ZCoin: cryptocurrency rates to the ruble

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Where and how to get GNT

A simple method of obtaining GNT tokens is to purchase on an exchange. A review of the Binance exchange on the CoinMarketCap platform shows that the sales volume of the Golem coin reaches 40%. There is a current pair with Bitcoin, which occurs more often than others, which is quite convenient for investors.

It is more convenient for investors from Russia to purchase cryptocurrency on EXMO or YoBit, where the creation of fiat wallets for the ruble is available. The first option provides for the exchange of state currency for Ether, only then Vitalik Buterin’s coin is sold for GNT, having put up a suitable pair.

Where can I buy Golem cryptocurrency?

Approximately half of the daily trading volume is distributed between the Bithumb and UpBit exchanges. On both platforms, the digital currency is traded in pairs with the South Korean won. GNT coins can be purchased for dollars on the Ethfinex platform. The Golem asset was also put into circulation on the Binance exchange, where the digital currency can be purchased for Bitcoin or Ethereum.

Development prospects

The development of the Golem project at the start was amazing with its speed and achievements. Investors were in no hurry to sell coins, which ensured a place in the top 10 cryptocurrency by capitalization.

However, the prognosis is disappointing. Developers are behind schedule and are not diligent in achieving their goals. Stable transmission of large amounts of data and other features presented on the roadmap have not yet been implemented.

Golem has no significant competitors in this area, so the coin is still in demand. Now the capitalization of the token does not allow the coin to enter even the top 50. Investors and users of the system hope that the pace of project development will increase, since the presented idea will solve the problems of a huge number of people.