DTH: Token Spotlight: GNT from Golem
Token Spotlight: GNT fromÂ Golem
This is the latest in a series of â€œToken Spotlightsâ€ that will feature new tokens listed in the Dether app. Discover what they are, and why theyâ€™re important.
You can now fund your Dether wallet with GNT from Golem.
What isÂ Golem?
Golem is a distributed supercomputer built on the Ethereum blockchain that taps into unused processing space as a marketplace for people to buy and sell computing power. As a peer-to-peer distributing computing platform, Golem has many use cases for its Golem protocol, like CGI rendering, building machine learning applications, scientific computing, photogrammetry reconstruction, and more. Users in these domains can benefit from unused processing space of â€œProvidersâ€ or Golem users offering their computation space as â€œRequestors,â€ or those who request space for a particular project.
Instead of just moving from a linear sequence of broadcasting a task, completing negotiations, executing, collecting, and delivering a final result, the Golem Network, with itâ€™s peer-to-peer protocol, uses many trustless layers to send messages between nodes in the network to keep their states updated and trigger required events.
Using the GNTÂ token
The Golem Network Token is used to pay for computations on the Golem network. Providers (those who are renting our their machines) can earn GNT by computing tasks for Requestors, while Requestors (individuals or applications looking to have a particular task carried out) set the amount of GNT theyâ€™re willing to pay to have their task completed.
Original article was created by: DTH at medium.comDisclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.
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