WHAT IS GOLEM? BEGINNER’S GUIDE – EVERYTHING YOU NEED TO KNOW

The Golem Project or Golem Network is a CPU power rental network based on Ethereum. The project that started in 2016, is considered by the community and blockchain enthusiasts as the “Airbnb” company for computers, whose mission is to pay users of the network to lend their processing power not used for commercial purposes.

WHAT IS GOLEM?

Before starting, the name Golem that the company embraced, was inspired by Stanislaw Lem’s novel called ‘Golem XIV.’ It may be something not important, but some users want to know where projects took their name from.

As such, throughout its history it has suffered great controversies with public opinion. Finally, it launched its beta mainnet implementation on April 10 of this year, that is, a year and a half after the launch of its ICO in November 2016 with 820,000 ETH, which is equivalent to approximately $ 466 million dollars today.

Golem (GNT) was positioned in April 2018 as the tenth altcoins with the highest market value in the last week up to a level of capitalization of $175.70 million dollars, according to reports from CoinMarketCap.

It was accepted by Exodus, both in its token mode and waiting for its modality as cryptocurrency. Also implemented in other large exchange wallets such as Bittrex or Poloniex. Golem (GNT) risen 20% on April 11 to reach $ 0.25, with a history of previously rising to $ 1.15 during a broad increase in alternative currencies earlier this year.

Its main competitors are SONM and the French company iEXEC that has a value in its cryptocurrency of $ 1.61, press time. However, the trend of the GNT seems to be attracting the attention of investors and capital.

Golem allows anything that requires great computing power – such as scientific calculations, CGI, artificial intelligence processes and data processing – to access it more easily. Users can do their tests with Brass Golem, which can be used for processing 3D images.

Its first version, better known as Brass Golem, is the first stage of the project. The next step will be the launch of Clay Golem, followed by Stone Golem, ending with Iron Golem.

Each new implementation entails an update of the platform, which guarantees that it will become more powerful as its development progresses. Therefore, if it succeeds and as it progresses, greater operational capacity of the entire project and a safe place in the industry are guaranteed.

One of the main purposes behind Golem is to solve problems and help in different areas. There could be an important potential in medical research and discoveries, urban planning and more.

TEAM

The team behind Golem is very solid and with an incredible experience.

Julian Zawistowski

Julian Zawistowski is the CEO and Founder of Golem. He has a MA in International Politics and Economic at the Warsaw School of Economics. He has also been working at the National Bank of Poland, Ministry of Economy and Labour, and was the CEO of Co-founder of Claimstorm. Additionally, he is now working in Golem since it was founded.

During a TNW Answer Session, Mr. Zawistowski commented about Ethereum:

“Ethereum is by far the most promising platform and we cannot see another on that’s remotely close to it. Of course we would like to interact with blockchain more and once Ethereum scales we will be able to do it in a wider manner.”

Piotrek ‘Viggith’ Janiuk

Piotr Janiuk is the CTO and Co-Founder of the company. He has been working as Analyst and Project Manager at the Institute for Structural Research (IBC). Additionally, he was Evaluation Programme Director. Since Golem started, he has been the COO of the project.

Andrzej Regulski

Andrzej Regulski helds an MA in Economics from the Warsaw School of Economics. He was also working at the Institute for Structural Research (IBS) and was Managing Director at imapp.pl.

Aleksandra Skrzypczak

Aleksandra Skrzypczak is the Lead Software Engineer and Co-Founder of the project. She was working as Software Engineer and Deployment Specialist at Red Ocean, and later she was a Lead Software Engineer at imapp.pl.

Other important team members are Grzegorz Nowakowski, Pawel ‘chfast’ Bylica, Anna Sawicka, Marek Franciszkiewicz, Dariusz Rybi, Muhammed Tanrikulu, Lukasz Foniok, Elena Steiner, Lukasz Glen, Adam Mizerski, Igor Adamski, Magdalena Szydlowska, Gert-Jan Rebel, Chris Waclawek, and many others from different countries.

CONCLUSION
Golem has a very professional team and a project that is calling the attention of many developers and enthusiasts all over the world. It will be very important for the team to keep focused on it and see what this project will be able to develop in the future.