What is Golem (GLM) Coin
On April 28th 2016 the Golem Project was announced, led by Golem Factory. The network launched on mainnet on April 10, 2018. The Golem Network is a decentralized computation network, a new way of distributing redundant computing power to those who are in need of it, on-demand. It creates a peer-to-peer network where users join on an equal basis to buy and sell computation, splitting up complicated tasks into smaller subtasks in the network. In Golem there’s no central authority and no user is more or less important than another.
GNT or Golem Network Token is needed to pay for computations on the network and is the currency that drives our marketplace. As a Requestor, you set a bid for an amount of GNT you are willing to pay to have your task completed. As a Provider, you earn GNT by computing tasks for Requestors. You can set your minimum and maximum price thresholds in your settings.
- Golem is designed to serve as a “global, open source, decentralized supercomputer that anyone can access”. Golem envisions to build a decentralized sharing economy of computing power and supplies software developers with a flexible, reliable and cheap source of computing power.
- Golem relies on an Ethereum-based transaction system to settle payments between providers, requestors and software developers.
- Its network is made up of the combined power of users’ machines, from computers to large data centers. The use of the Golem network targets a wide variety of use-cases, ranging from CGI rendering to complex scientific computing.
- Golem allows users and applications (requestors) to rent out cycles of other users’ (providers) machines. Any user (both individual and large data centers) can share resources through the Golem network and get paid in GNT (Golem Network Tokens) by requestors. All computations take place in sandbox environments and are fully isolated from the host’s system, reducing security risks from the perspective of providers.
How To Buy Golem (GLM) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Glm coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Golem coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.
How Much is a Golem (GLM) Coin
Golem (GLM) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
Golem (GLM) Coin Review
You can learn more about Golem (GLM) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://golem.network/ Whitepaper https://assets.website-files.com/60005e3965a10f31d245af87/60352707e6dd742743c75764_Golemwhitepaper.pdf Github https://github.com/golemfactory/golem Medium https://golemproject.medium.com/ Documentation https://docs.golem.network/ Telegram https://t.me/GolemProject Discord https://chat.golem.network/ Youtube https://www.youtube.com/channel/UCl3fxgrSML2sL3UYZrynbMg/videos