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What Is Golem?
Golem is a blockchain belvedere that uses the broadcast billow to accomplish massive accretion ability accessible to the masses. The Golem Network aims to become the aboriginal ‘world supercomputer’. It allows GNT badge holders to ‘rent out’ their additional accretion power. This is again added to array accretion networks to bear processing ability area it’s needed, for accelerated tasks such as video rendering.
Introduction To Golem Network
The Golem Network could prove to be one of the best absorbing dApps on the Ethereum blockchain. The belvedere (which launched as a beta, dubbed Brass, on April 2018 afterwards 14 software implementations) lets bodies hire out their additional accretion ability to accompany array accretion networks.
Anyone accustomed with a DDoS advance understands how able these computer clusters can be. Back in 2010, PayPal was hit with one of the first publicized DDoS attacks for abnegation to action payments to Wikileaks. In March 2018, GitHub was hit by a DDoS attack at 1.35 terabits per second, appearance the better DDoS advance to date. Experts appraisal 33 percent of all blow incidents on the Internet are acquired by DDoS.
These attacks prove that groups of claimed computers can beat ample action servers. Mining pools like Antpool are leveraging the abstraction to abundance cryptocurrencies, and the Golem Network is acquisitive to use array accretion to actualize a array of Airbnb for supercomputers with blockchain technology.
Before exploring the activity of the Golem Network itself, let’s analysis the achievement of the Golem Network Badge (GNT), the proprietary ERC-20 badge it uses. Just how solid is the Golem cryptocurrency in agreement of its bazaar cap?
Breakdown of GNT
Golem has a absolute accumulation of 1,000,000,000. The ICO badge auction took abode in November 2016 and 820,000,000 were distributed. It aloft 820,000 ETH aural 20 account of arising the Initial Coin Offering.
Another 120,000,000 GNT (12 percent of the absolute supply) were captivated by the GOLEM Project and 60,000,000 (6 percent of the absolute supply) were broadcast to aboriginal contributors and aggregation members.
GNT is tradeable on Huobi, Bithumb, Upbit, Binance, and Bittrex. Approximately $2 actor account of GNT is traded on a circadian basis, and trading pairs accommodate BTC, ETH, USDT, and authorization currencies like KRW. The aiguille trading amount so far was $1.16 on January 2, 2024.
GNT can’t be mined, although it’s becoming by altruistic accretion ability to break complicated algorithms. From the miner’s perspective, this works like any mineable cryptocurrency, except the end artefact isn’t a candy blockchain, but rather a advanced ambit of accretion services.
In fact, Golem could be acclimated to abundance added cryptocurrencies and tokens. In this scenario, you would about pay GNT to accouter added people’s CPUs or GPUs (functionality pending) to abundance your crypto of best with blockchain technology. Whether Golem’s appraisement is aggressive with added cloud-mining casework or architecture a mining rig has yet to be determined.
How Golem Works
Golem was created by Golem Factory, a Switzerland-based alignment co-founded by CEO Julian Zawistowski, CTO Piotr Janiuk, and COO Andrzej Regulski. Like Uber and Airbnb, it’s a alternate marketplace, acute Golem Factory to bazaar to both requestors and providers of accretion power. It’s absolutely a three-sided marketplace, but we’ll get into that in a minute.
There are two systems in abode to assure the candor and aegis of processes and affairs on the Golem Network – concents and Intel Software Guard Extensions (SGX).
A concent is a third-party that verifies the abstracts achievement and banking transactions. These concents are trusted proprietary software developers who accept the ability to verify absolute results. They can force the transaction through whatever footfall it’s ashore on in the accident of a agreement altercation or arrangement disconnect. The use of a concent is alternative and will crave an added fee.
SGX is an Intel-developed technology that creates a adequate beheading breadth in memory. This protects the cipher and abstracts actuality candy from actuality compromised by either the computer provider or awful parties demography over their computer. This provides end-to-end encryption, alike in a broadcast billow accretion model.
Using this defended P2P framework, tasks are breach into assorted subtasks, area assorted computational backends can cede them based on operating arrangement and accouterments configuration. Subtasks are again stitched aback calm to anatomy the completed task.
In addition, these tasks won’t absorb the Internet to assure providers from actuality acclimated in botnet attacks.
As a provider completes tasks bound and with aerial accuracy, its assurance rises. To complete a task, the provider needs software able of processing the appropriate data. This requires developers, and cartoon these developers to the belvedere now creates a three-sided marketplace, abacus addition obstacle to Golem’s success. Software developers will charge to affairs Golem affinity into their apps for it to be useable.
It’s not absurd – aloof difficult to body such a market, and Golem does accept several use cases.
The Power of Cluster Computing
Supercomputing is one of the best important technologies of the avant-garde age. New technologies like apparatus learning/artificial intelligence, 8k computer-generated cartoon rendering, and accurate simulations are actual accouterments intensive. Even admitting today’s multi-threaded CPUs dwarf what was accessible a decade ago, they still charge advice accretion these tasks fast enough.
The aboriginal use case of Brass Golem focuses on CGI apprehension application Blender and LuxCoreRender. Both are free, open-source software programs, and they can absolutely assignment in affiliation with anniversary other. Models would be created in Blender and rendered in LuxCoreRender.
Blender is a complete toolset able of 3D modeling, UV unwrapping, texturing, raster cartoon editing, accouterment and skinning, aqueous and smoke simulation, atom simulation, sculpting, animating, motion graphics, video editing, and more. It alike has an integrated bold engine.
The computer accouterments bare to use these platforms is a bit unaffordable to the boilerplate person, however. A abrupt annal through Quora finds bodies application 750 CPU cores and 40 GPU processors to still attempt aftermath 8K accurate affection on Blender.
With the Golem network, anyone from a hobbyist or apprentice to bartering projects could use these programs. However, it’s important to apperceive Hollywood studios (who await heavily on CGI for best movies) are absurd to anytime use such a crowdsourced solution. This is because of the accident of leaks. In fact, alike scripts are about faxed rather than emailed for abhorrence of leaks.
Many Hollywood studios like Pixar use proprietary software platforms congenital in-house. This creates an added band of aegis as alike if files are somehow leaked, cipher would accept the affairs bare to accessible them. Convincing these studios to accomplish the about-face could be challenging.
Corporate Hollywood isn’t the alone customer, though. Video bold developers, indie cine makers, scientists, schools, and artists could account from this technology. Golem opens possibilities that were ahead absurd to the boilerplate person. It could adjust supercomputing and accomplish it as commonplace as logging on to amusing media.
Whether it’s acclimated abundant to sustain the business (and whether the Ethereum blockchain can calibration to handle added usage) is the question.
Golem Summary
Golem is an aggressive activity that uses broadcast billow accretion to accomplish supercomputing ability accessible to the masses. It so far alone works for CPU CGI rendering, but the aggregation is alive adamantine to advance added use cases. The success of Golem depends on these factors.
With these pieces in place, Golem is well-positioned for approaching success. Whether clear designers, accurate analysis teams, video bold developers, or cine producers, admission to supercomputing ability can accomplish things already alone attainable to super-wealthy and accumulated conglomerates.
Golem is flipping that archetype on its head. It’ll be absorbing to see if they can argue professionals at conferences like the National Association of Broadcasters Show (NAB) or the Game Developer Conference (GDC) to acquire their solution.
Keep watching the cryptocurrency account and the Golem amount and bazaar cap for the answer.
