Ana Sullivan

The Golem (GNT) Token's Price Is Now $0.61 — What Are the Current Prospects

by Ana Sullivan April 23, 2018

 

After Golem's (GNT) value went down to down to levels below $0.20 per token ts price started to rise up. Due to its unstable market position and lack of stable growth some investors ponder whether to invest in the project. At the moment its value is rising to $0.611 however there are speculations whether or not this is another pump and dump scheme.

Golem (GNT) Project Goals

The Golem team aims to create a global supercomputer that can share the combined power of its nodes using a blockchain-based infrastructure. Its premises is to allow users to rent out cycles of users for certain tasks execution. This shared pay access model for distributed computing may seem viable for some applications. According to the developer plans the computation itself will take place in a sandbox environment and isolated from the main host system. So far there have been no use cases announced which shows that there is no active interest in the project or that technically no implementation of Golem has been done.

Golem (GNT) Performance and Issues

It seems that developer announcements are the primary reason for interest generation. The market analysis of the token's performance reveals that prospective users initiate buy and sell orders in the hope of seeing that the token will rapidly increase its value. The last major increase happened two weeks ago when the Brass Beta release was published on the project's mainnet. This was followed by another drop in the token's price. At the moment it appears that the trend is that the project will reach a certain stage and then fall back down once again. This makes it a risky investment to consider at the moment.

In reality Golem does not solve any problem that cannot be solved through other means. It merely transfers the centralized computing layout to a blockchain-based one. The current state of the network is semi-working as the network trust levels settings are not working properly. The developers have informed the community that this function will be implemented in a future update.

A user has reported recently that the Golem site is facing technical issues as they were unable to download the client software. If this has reached worldwide impact then this can impact the growth temporarily. Other site glitches have also been reported which has caused some community users to reconsider Golem's adoption.

It is also speculated that serious scientific work would disregard the project as the decentralized nature of the project may impact the results.

 

Comments 1

1. Guest
October 04, 2019, 05:15AM

Quotes Golem (GNT) is a peer-to-peer decentralized marketplace for computing power. The project aims to be an alternative to centralized cloud service providers with its lower price point and open-source community of developers. The Golem network pools global computing power and enables users to access these resources with GNT. Token holders pay resource owners to complete tasks requiring computational resources. The network is composed of the aggregated power of user devices. Golem is reportedly able to compute tasks that run the gamut from CGI rendering to machine learning. Transactions between participants are deemed to be safe because computations take place in sandbox environments that are sequestered from hosts’ systems.

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