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Golem: Is it worth Investing now? – Coinnounce

Golem: Is it worth Investing now?

We all use computers for various reasons ranging from academics, entertainment to professional usage. At the current changing technological world there are numerous professional works that require huge amount of computational work. Golem is an open sourced supercomputer aimed at solving this.

What is golem?

It is a supercomputer that is aimed at solving the problems faced by professionals and individuals who require huge amounts of computational load and more than one computer system to work with.

Business entities or we buy computer with specifications that satisfies our requirements. But there are various works done by professionals that require huge amount of software, hardware and of course data centres to store the data that they have worked on. Usually in occasions like this people use third party services like Google, Amazon, etc. for cloud computing. Golem aims at letting the users attain their full potential at work without the interference from any third-party services allowing the users to have decentralized supercomputer network.

How does Golem work?

Golem is a decentralized supercomputer platform where for example a user who is into huge animation works requires computer hardware and software to handle the graphic load and store data too without having to buy a whole new computer system, during occasions like this golem allows the user to put a request for computer parts of software or both as per their requirement onto the golem platform and golem in turn puts up this request among lenders who have their computer parts or software or both sitting idle or for sale.

This information after it reaches the lenders, they verify and validate the user who put up the request and if they see potential in the user and if it interests them then the user and the lender are allowed to have peer to peer connection. This allows the lender to rent his computer system or parts or software to the user at the price fixed and after usage the payment is made to the lender by the user in the form of cryptocurrencies, mostly being bitcoin. This way the lender can make money out of their unused or idle system and the user can complete their work without buying a whole new system too.

Understanding the peer to peer connection before making investment in golem

To invest in new technological trends, it is always best to first understand how it works. There are three parties involved in golem, they are the users, providers and the software developers.
When the user puts up their request for computers or parts of software, this request is sent to the lenders (computer providers) and if the lender accepts, then this request is accepted and sent to the golem infrastructure in terms of hardware and after the software developer accepts this request to use their software, the request is sent to the golem application platform where the hardware and the software required by the user is put together and sent to the user for their use.

After usage, payment is made to the provider and the software developer by the means of cryptocurrencies through golem network tokens in the form of bitcoins.

What do you need to have before using golem?

Just a system with a downloaded golem software platform and some cryptocurrencies to transfer.

Is Golem promising for investment?

Currently the world is evolving at a rate where the technological opportunities is higher than the rate at which the human race is adapting to it. The software is leading the hardware capacity. Software programs that are being built to make life easier, better and more entertaining are developed at such an efficiency that the hardware systems are not being effective or sufficient enough.

Golem provides the means to bridge the distance between software and hardware making sure the needs of the users are met without any disruption or any third-party involvement by providing a direct peer-peer connection.

The opportunities that lie for golem in the fields of information technology or data centres or artificial intelligence or machine learning, etc. is huge as all these works require huge computational power and golem provides the platform to satisfy this need without any huge expense from the user’s pocket and also simultaneously allowing the lender to make money out of their unused or idle systems.

Currently the gap between software and hardware are being met but at a very slow rate thus making the work completion delay too for the users. In the future if there is no solution to bridge this gap faster, it would result in increase of the gap making all software programs not reaching their full potential thus increasing the latency time of human race to reach their full potential in evolving their skills too. If you are looking for an opportunity to invest in technological platform that makes life faster for the better and more entertaining, I would say investing in golem is the smart choice to invest for a better future.

Note: All cryptocurrency investments are very risky and this article does not provide, in an form, an investment advise. It is solely the opinion of the writer and you are required to do your own research before investing in any cryptocurrency.

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