How to Buy Golem
Golem is a global, decentralized supercomputer. It combines the use of computing power of every device that is on the Golem network, which allows users to rent out the extra resources on their computers to others who need more power to complete more advanced tasks and computations.
The Golem ecosystem is similar to the shared economy of Uber and Lyft. It’s a valid way to earn extra income by renting out resources that users aren’t using. For those who need more computer power, they can access it on the Golem network so they can speed up their tasks at an affordable price.
What is Golem
The Golem Network is a peer-to-peer computing power marketplace. Users can rent out unused computing space to others who need more computing power to complete complex tasks. Those who rent out their unused computing space receive a payment from those who rent the computing space from them. Payments are made with Golem cryptocurrecy.
The premise is simple: users who have excess computing space that they aren’t using can earn a profit by allowing others to rent their GPU/CPU cycles. These resources, which would have otherwise been unused by the user who possesses them, can be monetized with the Golem decentralized network.
Golem is a decentralized platform that is used for conducting computing tasks via a large cloud of computers. Users upload the computing tasks that need to be completed to the Golem network. The task is then spread out between the computers on the Golem network. Users on the platform who require computing tasks are referred to as ‘requesters’, while those who provide devices that can be used to complete tasks are known as ‘providers’.
Requesters pay providers a fee in exchange for computing space. This fee is paid in the form of GNT (the Golem Network digital tokens). GNT uses Ethereum Smart Contracts to providers on the network. Smart Contracts calculates and sends out funds that a device earns for executing a task.
A multi-agent system is used to complete transactions on the Golem network. This system matches requesters with the appropriate providers. Requesters use a “Task Definition Framework” to indicate the tasks they need to complete.
The Golem Network also features an Application Registry. This registry enables users on the Golem network to develop and release applications. These applications can be created for free or for a profit. Additionally, applications can be used to finalize micropayments.
Where to Buy Golem
There are multiple cryptocurrency exchanges where Golem can be purchased, including:
Why Buy Golem
The primary benefit of purchasing GNT (the Golem Network currency) is that is truly revolutionary. No other decentralized system like the Golem Network exists. Because of the value it offers its users, and because of the projected increase in the GNT cryptocurrency, it proves to be a beneficial investment.
While it is still in its developmental stages, GNT is projected to offer significant value once the Golem platform becomes completely functional.
How to Sell Golem
Selling Golem is similar to selling any other type of cryptocurrency. To do so, follow these steps:
- Create an account on the altcoin exchange
- Fund your altcoin account with GNT
- Sell your GNT for another type of cryptocurrency, such as BTC or ETH
- Sell your BTC, ETH, or any other cryptocurrency you have purchased with GNT for a fiat currency
- Withdraw the fiat currency you have purchased with your GNT from your altcoin exchange account to your bank account
Which Wallets Can I Use for Golem?
There are several wallets that can be used for Golem. Some of the most highly recommended wallets include:
- My Ether Wallet
- Ledger Nano S
- Coinomi Wallet
- Trust Wallet
- Jaxx Wallet
- Atomic Wallet