Golem -World’s Most Powerful Supercomputer On Blockchain

October 28, 2016 by
Supercomputer Blockchain

This post was created to explain what Golem is & why it’s awesome in a way that is understandable to everyone. You don’t need to be a blockchain expert for this one. Originally written at Medium

If Marc Andreesen, the legendary Silicon Valley investor (an early investor in both Facebook and Twitter) and founder of Netscape, is right when he says “Software is eating the world”… then blockchain tech is certainly one of the sharpest teeth.

The entire global financial system is being massively disrupted, with the power being redistributed from banks and governments to we the people.

Projects like The DAO, though its first iteration failed, hint at future businesses that are owned and run by thousands of people all across the world (and even the possibility of truly democratic and meritocratic governments with no need for central authority).

Ethereum Smart Contracts can power IoT tech like self driving cars on Uber-esque networks to calculate fees, pay for fuel, make transactions with other cars, and send profits to their owners. Same goes for AirBnB-style homes that rent themselves out and manage + pay for their own upkeep.

The unbanked, banked. Insurance companies replaced with groups of friends. Near-complete privacy for everyone. Legal contracts that don’t need lawyers or third parties. Valid forms of ID/passport that aren’t government issued. Decentralized crowdfunding, lending, investing, gambling, and prediction markets.

And that’s just the first few steps in a technological revolution that will likely rival the invention of the internet for world-changing impact.

When future generations look back to the birth of blockchain the way we do to the birth of the internet, I believe Golem will be one of the few projects to be counted amongst its foundational cornerstones.

Quite a bold claim, I know.

Let’s see if, by the end of this post, I can convince you that I’m right.

So… what exactly is Golem?

Well, let me start by telling you what Golem will be, if we succeed…

Golem is a supercomputer.

Or, more accurately, Golem is a huge global (and potentially interplanetary) network of everything from personal laptops to entire data centers.

It’s extremely powerful, completely decentralized, 100% open sourced, and accessible to anyone.

It can never be owned by anyone. No one can use it to create a monopoly that slows innovation and inflates prices. No one can shut it down. Anyone can adapt or copy Golem’s code however they wish.

And what does it do?

Well, it reduces the cost and increases the speed (sometimes by orders of magnitude) of everything from…

  • Scientific research, from DNA research to finding new biofuels to searching for alien life to predicting & mitigating the effects of climate change to analyzing experimental results from the Large Hadron Collider. And that’s just off the top of my head.
  • Graphics rendering, so that everything from uber realistic virtual reality video games & movies to architectural & designer renderings can be done uber fast and cheap.
  • Artificial intelligence & machine learning, so that everything from training a game AI to play video games really well to teaching self driving cars to creating a smarter-than-humans artificial intelligence being can be done faster.
  • Data analysis, from predicting future results on the stock market to analyzing written text for emotional analysis to crunching the data on traffic accidents.
  • Cryptocurrency mining, to create efficient & decentralized mining pools to serve as the backbone of cryptocurrencies.
  • … andjust about anything else that requires heavy computational power.

Could you imagine the advances to science, and humankind as a whole, that universal & affordable access to a computer this powerful would catalyze?

Really, can you? Because I can not.

Eventually, combined with advances in other cutting edge technologies like IPFS/Filecoin, Whisper, DEVp2p, Swarm, and Ethereum, it will replace the huge data centers that currently power the internet, and become the decentralized (and therefore non-monopolized and more secure) computing power behind the entire internet and just about everything on it.

All the while making it much for difficult for malicious hackers to attack the software or steal sensitive data.

Amazing, right? Except, why would anyone give their computing power to the Golem Network? Economics 101 teaches us that we need an incentive here.

Which is why Golem pays you?

Following in the footsteps of Uber and AirBnB, Golem brings your spare computing power into the sharing economy. Connect your computer to the Golem Network, and you’re making an automated income (and furthering the progress of humanity) while you sleep.

A global team of visionaries and developers, lead by Julian Zawistowski, have been quietly working on this idea for the last few years. They’ve built a working Alpha version of Brass Golem, the first iteration of what Golem will eventually become, that you can download and use right now.

Finally, after years of work, they’re ready to introduce Golem to the world (which, incidentally, is why I’ve been brought onto the team as Growth Hacker).

Within the next few days, Golem will announce and launch a crowdfunding event and invite people to purchase Golem Network Tokens: the currency that will be used for all payments on the Golem Network of computers.

You can learn all the details about that at the Golem Crowdfunding Page.

But let’s get back to the topic at hand.

How does Golem work?

There’s three types of users on the Golem Network.

  1. Providers, who supply computing power to the network and get paid for doing so.
  2. Requestors, who rent the network’s computing power & the software built on it, and pay for doing so.
  3. Authors, who build the software on the Application Registry (also known as Golem Store) and can set their own schemes for payment (kind of like the Google Play Store or Apple App Store).

Anyone can be any, or all, of the user types. For example, an architectural design student could earn GNT by renting her computer’s power to the Golem Network as a Provider when she’s not using it. Then, when she needs to quickly do some rendering work on a architectural project, she can spend that GNT as a Requestor and have it done in minutes instead of hours.

Should she come up with some cool architectural app, microservice, or other type of software, she can put it on the Application Registry as an Author and get paid when others use it.

And, just like any valid cryptocurrency, she can exchange her GNT for Bitcoin, Ether, USD, Euros, or just about anything else on an exchange.

Of course, you don’t have to be more than one type of user. There will be people who are only Providers, using Golem to make a passive income off of their computers. Or only Requestors, using Golem to do intense computational tasks cheaper & faster than ever before. Or only Authors, using Golem to distributed and profit from their software.

Oh, and there’s a fourth class of user: Validators.

The Validators are the ones who make sure that malicious programs don’t damage your computer. They analyze & test the software that Authors put on the Application Registry, and create whitelists (for software they trust) and blacklists (for dangerous software). Providers can choose to play it safe by trusting Validators’ whitelists (or super safe by only trusting the Golem Team’s whitelist), or ride the bleeding edge for fun and profit by only turning down Requestors who want to run software on a Validator’s blacklist.

Tag: internet of things, how does the blockchain work, blockchain data structure, how does blockchain work, blockchain news, how blockchain works, blockchain database, blockchain technology, blockchain applications, blockchain explained, blockchain, what is a blockchain, blockchain com, blockchain app, what is the blockchain, sidechain. what is sidechain, sidechain blockchain, blockstream sidechain, what is blockstream

Download IBC Investment Report - Aug'2017

IBC achieved an unprecendented 88% signal accuracy. 
Download
Lets learn this amazing technology with us!
Subscribe To Our Newsletter
Be the first to get latest updates and
exclusive content straight to your email inbox.
Yes, I want to receive updates
No Thanks!
close-link
Join Us
AND GET OUR LATEST CONTENT IN YOUR INBOX

SUBSCRIBE 
Your information will never be shared

Stay Connected With Us!

Get email Cryptocurrency And Blockchain News delivered straight to your inbox!

Lets learn this amazing technology with us.
SUBSCRIBE
close-link

Download IBC Investment Report - Aug'2017

IBC achieved an unprecendented 88% signal accuracy. 
Download
close-link

Pin It on Pinterest

Share This