Key metricsKey metrics
PricePrice$0.0543
Asset TypeAsset TypePlatform
StructureStructureFor Profit Company
Project StatusProject StatusWorking Product
OwnershipOwnershipFree
SectorSectorDecentralized Computing
IndustryIndustryBlockchain
FoundedFounded10-Nov-2016
Funds raisedFunds raised10M
CountryCountrySwitzerland
Key personKey personJulian Zawistowski

Golem (GNT) Information{coin_name} ({symbol}) Information

Golem is a global, open source, decentralized supercomputer that anyone can access.

Golem is a global, open source, decentralized supercomputer that anyone can access. It is made up of the combined power of users’ machines, from PCs to entire data centers.
Utility of the coin/token
Payment for Golem services

Team OverviewTeam Overview

Julian Zawistowski
CEO, founder
Piotr Janiuk
CTO, co-founder
Andrzej Regulski
COO, co-founder
Aleksandra Skrzypczak
Lead Software Engineer, co-founder
Grzegorz Nowakowski
Project Manager
Marek Franciszkiewicz
Senior Software Engineer
Wendell Davis
Special Advisor
Chris Waclawek
Business, Strategy, Partnerships
Pawel Peregud
Senior Software Engineer
Lukasz Glen
Senior Software Engineer
Marek Osiecimski
CCO
Igor Adamski
Senior Software Engineer
Piotr Chromiec
Senior Software Engineer
Anna Golebiowska
HR Manager
Pawel ‘chfast’ Bylica
Lead Ethereum Engineer
Przemyslaw Idzkiewicz
Senior Software Engineer
Gert-Jan Rebel
Senior Software Engineer
Muhammed Tanrikulu
Senior Software Engineer
Jacek Muszynski
UI/UX Designer
Dariusz Rybi
Software Engineer
Lukasz Foniok
Software Engineer
Adam Mizerski
Software Engineer
Karol Tomala
DevOps
Magdalena Szydlowska
Tester
Elena Steiner
Office Assistant

OrganizationsOrganizations

Golem Factory GmbH

Company NumberCompany Number CHE-143.168.192
Sielva Management SA Gubelstrasse 11 6300 Zug

Questions and AnswersQuestions and Answers

What is Golem?
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. These resources can be used to complete tasks requiring any amount of computation time and capacity. Today, such resources are supplied by centralized cloud providers which, are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Also core to Golem’s built-in feature set is a dedicated Ethereum-based transaction system, which enables direct payments between requestors, providers, and software developers. 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). However, Golem reveals its true potential by adding dedicated software integrations to the equation. Any interested party is free to create and deploy software to the Golem network by publishing it to the Application Registry. Together with the Transaction Framework, developers can also extend and customize the payment mechanism resulting in unique mechanisms for monetizing software.
Who can use Golem and why?
The short answer is that Golem can be used (and should be used) by everyone who owns a computer. The long answer is that how you use Golem depends on what you use your computer for. If you are an average user, you are likely to be a provider. Golem gives your computer work to do when it is not being used then you earn money for tasks completed. The money comes from requestors, paying providers for using their machines. If for any purpose you need more computing time than you have on your own machine - because you are a CGI professional, scientist, financial market tycoon, cryptocurrency miner or anyone else fitting in the wide range of Golem’s use cases - then you can use Golem as a requestor. You submit your task to the network, it is completed by providers and you pay for their machines' time. Additionally, if the task you want to perform needs proprietary software - you can get it through the App Registry. If you are an owner of an open source or proprietary software (like a rendering engine, analytical packages, trading robots, specialised scientific packages, or a Dapp), you may want to use Golem as a distribution channel and (if you opt to charge for use) as a marketplace.
What is the current state of the project and the way ahead?
The alpha version was launched in August 2016, with the code available for review. The alpha version (codename Brass Golem) will be focused on CGI rendering in Blender (blender.org) and will be our MVP, although we expect it will be useful for blender users and once we move to release version will have a group of dedicated users. Brass Golem ...these are created to fulfill one goal Brass Golem is where we are at the moment with our MVP, in alpha testing now. This current version of Golem is only focused on rendering in Blender and LuxRender, and although it will be useful to CGI artists, we consider CGI rendering to be one use case among many, and also a training ground. Even though we do not expect that Blender CGI rendering will create enough turnover to justify all the work we have put into the project, this will be the first decentralized computation market. Clay Golem There is a chance (...) that a Clay Golem will be possessed by a chaotic evil spirit. Clay Golem is a big leap from the Brass milestone. Clay introduces the Task API and the Application Registry, which together are going to make Golem a multi-purpose, generalized distributed computation solution. Developers now have the means to integrate with Golem. This advance, however, may come at the cost of compromised stability and security, so this version should be considered an experiment for early adopters and tech enthusiasts. Prototypes, new ideas and solutions will be built on Clay. Stone Golem Stone Golems do not revoke their creators control like (...) Clay Golems. Stone Golem will add more security and stability, but also enhance the functionalities implemented in Clay. An advanced version of the Task API will be introduced. The Application Registry will be complemented by the Certification Mechanism that will create a community-driven trust network for applications. Also, the Transaction Framework will create an environment that will allow Golem to be used in a SaaS model. Iron Golem Iron Golems are made of iron and are among the strongest type of Golem. They never revoke the control of the wizard that created them. Iron is a deeply tested Golem that gives more freedom to developers, allowing them to create applications that use an Internet connection or applications that run outside the sandbox. Of course, the decision to accept higher-risk applications will still belong to the providers renting their computing power. Iron Golem should be robust, highly resistant to attacks, stable and scalable. Iron will also introduce various tools for developers that will make application creation far easier. Finally, the Golem Standard Library will be implemented.
How Golem will help to build a new Internet of tomorrow?
We believe, that in the future, the Internet will be a truly decentralized network, enabling users to securely and directly exchange content, without middlemen. Accordingly, Golem will be used not only to compute specific tasks, but also to bulk-rent machines in order to perform operations within a self-organizing network. Of course, this will require the simultaneous development of other technologies, many of which have gained significant traction in recent years. Better data-sharing technologies are necessary, but taking into account the ongoing development of IPFS/Filecoin and Swarm, the appropriate solutions seem to be within reach. Eventually, the Ethereum network will become more scalable, more efficient, and include a fully functional network of micropayment channels. Once these technologies become available, it is easy to imagine Golem primarily as a platform for microservices, allowing users to run both small (e.g. a note-taking app) and large (e.g. a streaming service) applications in a completely decentralized way. Although ambitious, this vision seems to be the ultimate argument for Golem’s long-term potential.
When will the latest version be released?
Right now we cannot set a specific date for our next release. The best I can say is "as soon as its ready". While this answer in not particularly exciting, our technology certainly is. We are working on brand-new, uniquely complex, and highly disruptive technology every day. This requires careful research, execution, and testing. We want to release the most secure and user friendly versions of the Golem App. This is not only important for Golem and our users, it is integral to the health of the blockchain ecosystem. If you want to stay up to date on our progress, please follow our Rocket Chat. We post announcements and dev updates there. You can also connect with our team and fellow users to learn more about Golem. Our Github is also a good source if you want to take a look at our code.
How Golem works?
Golem is a p2p network, ie. there is no central server and users are equally privileged. People who want to compute tasks and people who have computer power to rent broadcast their offers in the network. Golem's transaction system matches providers and requestors, taking into account prices, reputations and their machines' performance. Resources, ie. files needed for computation are sent to provider's machine. After computation is completed, the provider's app sends back results to the requestor's app. If the result passes our verification process, the provider is paid. If someone tries to cheat, for instance sends bad results or doesn't pay, he/she will hurt their reputation and won't be chosen again for computations.
Why are you making it decentralized?
We believe that decentralization will be the future of internet development. With decentralization, it will be possible to achieve full scalability without expanding and maintaining our own network and server infrastructure; the solution will also be free from single points of failure and resistant to attempts to disable and censor the network.
Why are you using Ethereum?
We are building the transaction framework on top of Ethereum. Ethereum gives us expressive power, which is much-needed when implementing advanced, trustless schemes. Check our blog post to learn more: https://datproject.org/
How will payments work in Golem?
When creating something so new, it’s hard if not impossible to predict all the opportunities that will suddenly be possible. Golem is a generalized global supercomputer, and as such, it will no doubt find its niche with vastly varied applications. They might need very diverse remuneration models. We are not able to design a one-size-fits-all payment system for Golem, nor will we attempt to force one upon application authors. When a developer integrates her application with Golem, she has the freedom to decide which transaction model she implements, as long as it is compliant with Golem's Transaction Framework. The Transaction Framework will take the form of a set of requirements to follow; basic requirements may include: Entry in the Application Registry; Use of open source and/or deterministic environment, such as EVM; Community approval or rating of transaction model; Use of GNT for remunerating software and resource providers We are building the transaction framework on top of Ethereum. Ethereum gives us expressive power, which is much-needed when implementing advanced, trustless schemes. Example transaction framework components: Diverse payout schemes such as nanopayments, batching Off-chain payment channels Custom receipts Payment to software developer Per-unit use of software (per-node, per-hour, etc.) It is also possible to introduce more sophisticated components into the transaction model design, to meet specific goals not related to payments. For example: Requestor escrow for tasks where a higher level of commitment is required (high price because of specialized hardware or long running subtasks); the requestor may create a two-party escrow account and require providers to take part in it. Provider deposit: the requestor may require to be in control of some amount of timelocked GNT. Requestor deposit: the provider may accept tasks only from requestors who are in control of some amount of timelocked GNT. Registration of a task as an anchor for a TrueBit-style conflict resolution fallback mechanism.
What are use cases for Golem?
The first and most illustrative use case of Golem is CGI rendering. Other technically similar to implement use cases are scientific, engineering, statistical and financial tasks which need extensive computing and are (technically) feasible to distribute. Check our blog post to learn more about potential uses. We are not going to explore and develop all possible use cases, but we will rather focus on delivering a task API, Golem Standard Library to give developers the ability to integrate any software with the Golem Network. Many use cases will need proprietary software, either existing or designed specially for Golem. To facilitate the use of both open and proprietary software, we will introduce the Application Registery to enable any requestor to use Golem-ready software. If the software is proprietary, then the requestor will be able to use it in a software-as-a-service model. This way Golem will act not only as a market for computing power, but also as a distribution channel for software creators.

TechnicalTechnical

Key metricsKey metrics
PrivacyPrivacyPseudonymous
AlgorithmAlgorithmEthash
ProofProofProof of work
Token InformationToken Information
Golem is a token on the ETH platform using the ERC-20 standard. The address of the token contract is 0xa74476443119A942dE498590Fe1f2454d7D4aC0d.

Source Code Repositories

golemfactory/golem 2800 Stars 66 Contributers 395 Open Issues

Golem is creating a global market for computing power.

EconomicsEconomics

Tradeable CoinsTradeable Coins
964,450,000 (96% of total) ({tradeable_of_total} of total)

Rich List Addresses holding the largest balances

AddressAddress AmountAmount NameName
0x168ae36b4386cea14475faa41498a0ea63c67dd7 100,001,000
0xfbb1b73c4f0bda4f67dca266ce6ef42f520fbb98 87,129,083.71 Bittrex 1
0x7da82c7ab4771ff031b66538d2fb9b0b047f6cf9 76,791,666.91 Golem: MultiSig (Contract)
0xa910f92acdaf488fa6ef02174fb86208ad7722ba 65,182,843.974 Poloniex 4
0xbe0eb53f46cd790cd13851d5eff43d12404d33e8 46,101,987.586
0x9e4b177a30f3eb3cb5ec5052d1258851df4b9bf8 37,648,133.738
0x4319c142f7b6cd722fc3a49289b8a22a7a51ca1e 35,550,000
0x3d4530082c3eb60f58af03f79b1ed3f40e591cd1 28,800,000 Golem Foundation
0x742d35cc6634c0532925a3b844bc454e4438f44e 19,052,568.361 Bitfinex 5
0xadb2b42f6bd96f5c65920b9ac88619dce4166f94 17,201,366.96 Huobi 7
0x94e4d6158e17a681dc8a8326e64578b3c12ba3a3 15,000,000
0x32a528762b6326ca0e2b314530d412f823a23d51 11,824,536.016 (Contract)
0x88b6cace7c485db4a33f4da78d10abce5820467f 11,640,252.47
0xf977814e90da44bfa03b6295a0616a897441acec 10,000,000.83
0xdfb6a4b143f6a1de4725c451c46433801de52bfd 8,029,837.631
0x1c11ba15939e1c16ec7ca1678df6160ea2063bc5 8,000,000
0xb8d2b921c0ea0ca27266fa63907a079ef25084d0 7,967,839.099
0xba826fec90cefdf6706858e5fbafcb27a290fbe0 7,830,906.248 Upbit 2
0x002f68f86bd4cf67d969e7bf3ecacedfadbe532f 7,799,996.99
0x00a46922b1c54ae6b5818c49b97e03eb4bb352e1 7,238,214.581

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance GNT/BTC $0.0543 -0.03% $828,317 0.44% 1.1%
Bittrex GNT/BTC $0.0541 -0.25% $87,638 0.22% 1.3%
Upbit GNT/KRW $0.0534 -1.6% $68,020 0.46% 1.2%
Binance GNT/ETH $0.0544 0.25% $57,858 1% 1.7%
Bitso GNT/MXN $0.0561 3.4% $50,090 3.7% 4.5%
Poloniex GNT/BTC $0.0541 -0.25% $36,171 1.3% 1.5%
Coinbase Pro GNT/USDC $0.0541 -0.3% $20,162 2.3% 3.5%
Binance GNT/BNB $0.0539 -0.7% $13,589 1.5% 23%
Gate.io GNT/USDT $0.0551 1.4% $6,977.00 3.4% 3.8%
Bittrex GNT/ETH $0.0540 -0.5% $5,756.80 0.95% 5.4%
BTC Markets GNT/AUD $0.0545 0.34% $4,151.52 0.74% 0.74%
Bitfinex GNT/BTC $0.0541 -0.25% $4,049.81 1.9% 1.9%
Bitfinex GNT/BUSD $0.0543 0% $2,871.01 12% 13%
Bitso GNT/BTC $0.0535 -1.3% $2,850.24 0.65% 51%
Bitfinex GNT/ETH $0.0548 0.92% $1,350.95 2.4% 2.4%
Poloniex GNT/ETH $0.0546 0.62% $1,225.56 1.3% 2.7%
Poloniex GNT/USDT $0.0544 0.18% $1,144.28 0.78% 14%
Gate.io GNT/ETH $0.0536 -1.3% $293.40 2.3%
BTC Markets GNT/BTC $0.0714 31% $0.0000 71% 71%
Lykke GNT/BTC $0.0826 52% $0.0000 29%
Lykke GNT/ETH $0.0481 -11% $0.0000 14%

Latest Golem NewsLatest Golem News

golem on Twitter

Congrats to the teams behind @libp2p devgrants - through sourcing issues from the community and figuring out painpoints, the first bounties to build tooling for the teams using this networking stack will be up for grabs at @ETHBerlin! https://t.co/Ir4FgWUtqy

Golem on Twitter ReadRead 

golem on Twitter

The second part of the Q&A with @Viggith our CTO and acting CEO is out - deep dive into Intel SGX, GNT token and more! https://t.co/3xDCVL4rNw

Golem on Twitter ReadRead 

golem on Twitter

Open Source and decentralized, censorship-resistant clouds are coming. Golem's borderless and building arduously to achieve this. Web3 services will be able to serve the users and help them regain control over their resources and data.… https://t.co/fsy1p5S7OP

Golem on Twitter ReadRead 

golem on Twitter

We're following closely the great efforts of the libp2p community towards the different libp2p implementations! (Golem is currently focusing efforts on the Rust Libp2p one for our networking stack)… https://t.co/pHVhQN4uyy

Golem on Twitter ReadRead 

golem on Twitter

We made it to the 4th place! our dev activity keeps growing. Check out what we've been up to in @santimentfeed's blogpost… https://t.co/BHl3uiZ0PE

Golem on Twitter ReadRead 

golem on Twitter

And if you're curious and want to dig deeper into the work done with @IntelSecurity, @chiache_tsai, Invisible Things Lab, @CSE_at_TAMU check out this @zeroknowledgefm podcast with @AnnaRRose @fredhrson on everything TEEs and #ProjectGraphene https://t.co/aU0lw2npfX

Golem on Twitter ReadRead 

golem on Twitter

We are happy to present our latest #ProjectGraphene contributor spotlight interview, this time with @IntelSecurity's @monavij1 - that gave really interesting insights on Intel's Open Source activities and the workflow inside Project Graphene https://t.co/nhHvYCleqE

Golem on Twitter ReadRead 

Nick Hollins on Twitter

We're four episodes into @dappcon_berlin Podcast. So far featuring @austingriffith, @avsa, @tw_tter and Aleksandra Skrzypczak from @golemproject. Never more than 15 mins. Live on iTunes and Google Podcasts. https://t.co/nTy8X9Oq7U

Golem on Twitter ReadRead 

golem on Twitter

Check out Aleksandra's podcast for @dappcon_berlin - quite a few interesting bits! Don't miss her talk: 10 questions to an Ethereum OG at Dappcon!… https://t.co/NrbCXgIRLC

Golem on Twitter ReadRead 

golem on Twitter

It's @ethereum's 4th birthday! Here's @viggith's Golem very first presentation (months before Frontier!) at #DEVCON0 in January 2014... We've all come such a long way! https://t.co/UtXt6NkNCz

Golem on Twitter ReadRead 
This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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