Golem (GNT) is a system for the decentralized management of computing power in the cloud. The developers also refer to it simply as the “Airbnb” for computer power. Users of the network can allocate free computing power to users who need it and are paid for this with the currency GNT.
Golem was introduced in 2015 as a decentralized service for the provision of computing power on the Internet. In this sense, Golem developers understand it as a networked supercomputer whose power can be accessed by users worldwide at any time — without being dependent on third parties or companies. With regard to the topic of crypto-currency, Golem puts the cart before the horse, so to speak: The decisive commercial value in the Golem network is the computing power, the currency called GNT is merely the medium of payment and exchange.
The basic idea of trading resources in a network like a free market is by no means new. For years, systems have existed that regulate, for example, the heating in a building by having the individual components request power and negotiate with their peers in a market economy. Golem extends this concept to the entire…
