Golem (GLM) is a decentralized computing network that enables users to rent out excess computing power and allows others to access this resource on demand. Launched in 2018 by Golem Factory, the platform connects providers and requestors in a peer-to-peer marketplace for computational power. Whether for rendering graphics, scientific computations, or machine learning tasks, Golem aims to democratize access to powerful computing resources. The network uses GLM tokens as its native currency, allowing requestors to pay for computing tasks and providers to earn tokens for sharing their resources.

Golem (GLM) operates by distributing complex computational tasks across a network of individual computers, also known as nodes. Users seeking computational power, called requestors, submit tasks to the network and set the amount of GLM tokens they’re willing to pay. Providers—users offering spare computing resources—complete these tasks and receive GLM as compensation. The system is designed to be efficient and secure, with tasks being divided into subtasks and processed in parallel across the network. Developers can leverage the Golem SDK to create and deploy their own applications within this decentralized environment.

Golem (GLM) offers a wide range of applications by making computational power more accessible and affordable. It can be used for rendering graphics, scientific simulations, data analysis, and machine learning projects. Businesses and researchers who require high-performance computing but lack the necessary infrastructure can tap into Golem's network for a cost-effective solution. Additionally, developers can build decentralized applications (dApps) that utilize Golem's computing power, expanding the platform’s functionality beyond traditional uses. The GLM token facilitates these exchanges, creating an open marketplace for computing resources.

Golem (GLM) was first introduced in 2016 by Golem Factory, with the mainnet officially launching in 2018. The concept of a decentralized computing network was initially presented at DevCon 0 in 2014, with the goal of creating a peer-to-peer marketplace for computational power. Golem's original token, GNT, was later migrated to GLM to align with new platform upgrades and improved architecture. Over the years, Golem has expanded its features, including the development of a new protocol and SDKs, enabling developers to create applications that leverage distributed computing. The platform continues to evolve, seeking to make computing power more accessible across industries.

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The current market cap of Golem (Old) is $234.18M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Golem (Old) is $1.25. This all-time high is highest price paid for Golem (Old) since it was launched.

Over the last 24 hours, the trading volume of Golem (Old) is $7.40M.

Assets that have a similar market cap to Golem (Old) include Golem, Theta Fuel, Mina, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Golem (Old) is 1 billion.