News
Golem’s latest report explains the transfer of 135,000 ETH to CEXs as part of a staking test to ensure operational security.
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Golem News
Golem is a cryptocurrency and P2P app that was in development for 3 years before its release. Sales of Golem tokens lasted for 20 minutes, during which the app team gathered about 820000ETH. Golem is based on the Ethereum blockchain and has created a peer-to-peer computing infrastructure in order to provide a global, distributed market of a central processor unit (CPU) power. The platform is a so-called Worldwide Computer which allows everyone to make a contribution. At this stage, the system allows users or providers to lease some extra CPU power in exchange for a reward from customers who create products that require large sources of energy. Golem uses Ethereum’s smart-contracts as a transactional system of payments within the network. The purpose of this technology is to provide everyone with the necessary energy at a low cost. Currently, applications are working as a beta-version in order to solve any bugs through the help of its users.
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Mining Ether on a home PC can be done, but profits will be few and far between.
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According to the project team, it is approaching the 10th generation with roughly 1 billion molecules formed.
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Golem's GLM price has rallied 230% since the start of February, and on-chain data shows an uptick in active addresses and transfers.
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More updates should be coming your way.
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New research from decentralized CPU-sharing network Golem shows a concept for identity authentication using Proof of Device, based around Intel’s SGX technology.
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Decentralized coronavirus research initiative Folding@Home has announced that 400,000 users are contributing to its platform.
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Poland-based Golem Factory has spun off a new entity, the Golem Foundation, that is expected to increase the value of the entire project.
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Golem’s computer processor sharing network has gone live in beta as developers seek real-world testing.
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Several Ethereum-based organizations have launched the Ethereum Community Fund, an initiative for funding Ethereum infrastructure advised by Vitalik Buterin.
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