golem

Nutshell

• Golem is a global, open sourced, decentralised supercomputer

• It's made up of the combined power of user's machines, from personal laptops to entire datacenters.

• Anyone will be able to use Golem to compute almost any program

• Golem had ICO that ended in November 2016

• The team behind Golem is based in Warsaw, Poland

Technology

• Golem connects computers in a peer-to-peer network, enabling both application owners and individual users ("requestors") to rent resources of other users’ ("providers") machines.

• The function of Golem as the backbone of a decentralized market for computing power can be considered both Infrastructure-as-a-Service (IaaS), as well as Platform-as-a-Service (PaaS).

• Current version: Brass Golem is the proof-of-concept and in alpha testing now. This current version of Golem is only focused on rendering in Blender and LuxRender.

Usage

• COMPUTER GRAPHICS - rendering CGI

• BUSINESS - From stock market predictions to big data analysis

• MACHINE LEARNING - recognize images, human voice patterns etc

• CRYPTOGRAPHY - fully decentralized cryptocurrency mining pools

• SCIENCE - DNA analysis, protein folding simulations, searching for alien life

• MICROSERVICES - countless types of decentralized microservices and dapps

Availability and price

• Available on all major Western exchanges.

• Over half of the overall trading volume on Liqui with rest split between Bittrex and Poloniex.

• Current price as of 14th of October around $0.21 with the currency being ranked on 34th place based on market cap

• In the recent months GOLEM fell of the radar - there has been steady decline both in terms of volume and price. The ATH was at the end of June and is around $0.66

Unique aspects

• GOLEM has been around for a while and has a very good development roadmap, working alpha and great development wiki

• The development is progressing slowely but surely with team posting regular updates on social media

• The main competition are SONM and iExec RLC - SONM is also in alpha, RLC no alpha yet.

• Currently seems to be collaborating with Streamr quite closely

Unique aspects

My verdict

• Longterm GOLEM is a very solid project - the fundamentals are very solid with team ensuring that everything is handled correctly,

• However the development is really slow and that affects the interest in the project, currently GOLEM doesn't generate any interest and any trading volume.

• Because of that I would probably avoid it for now.

• Keep in mind however that GOLEM could be huge in the future so the key will be to find a right moment to get into it before the price increases (probably sometime next year)