About Golem

What is the Golem price today?

The GLM price is currently $0.18. The price of Golem is +2.09% over the last 30 days. You can use the live Golem chart to track the GLM/USD price in real time above, or compare the Golem value today to its past performance using the Golem price history tab at the top of this page.

What is the total supply of GLM?

The circulating supply is 1,000,000,000.00 GLM, out of a total maximum supply of 1,000,000,000.00 GLM.

What is the price prediction for Golem?

The average Golem price prediction values the coin at $0.46 by the end of 2024. Things like the economic climate, establishment support and acceptance, and the crypto market as a whole can all have an impact on the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.

What is Golem?

The Golem Network Token is a cryptocurrency that’s used to rent processing power from other computers on the Golem network. The Golem network is designed for creators and software developers to share resources, so that those with spare processing power loan it to those who need it. 

By pooling resources on the network, developers are able to perform much more intensive tasks than would be possible otherwise, such as CGI rendering or even DNA exploration. By renting power on a decentralized network, there’s no risk of censorship.

How does Golem work?

Golem works like a marketplace that connects buyers and sellers. Its software connects ‘requestors’, people who want to rent processing power, to ‘providers’, those who are willing to lend out their spare capacity.

Each requestor and provider is rated after each transaction, so that the system naturally weeds out the worst performers and rewards those who have a good experience. 

How is the Golem network secured?

Golem is secured by the fact it’s decentralized, the network is spread out among many machines and there is no single point of weakness. It’s a ‘trustless’ system, where you don’t have to trust a central authority with your money or your data.

The software where deals between requestors and providers are struck take place inside virtual machines for additional security.

What is Golem used for?

GLM is used to pay for transactions on the network. Most of those payments are effectively rent for loaning computer power. It can also be used for staking and earning rewards.

Why does GLM have value?

It has value as a means to rent computer power. If you’re a developer or a creator, then you need GLM in order to pay for extra power that you want or need. If you want to rent out your idle processing power, then you’re paid in GLM.

Similarly, if you believe there’s going to demand for the service, then owning GLM is a way to speculate on the growth of the Golem network.

Who created Golem?

Golem was created by Aleksandra Skrzypczak, Andrzej Regulski, Julian Zawistowski and Piotr Janiuk in 2015. They came together to form the Golem Factory, the company that runs the Golem network.

Where can I buy Golem?

You can buy Golem on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in Golem?

The simplest way to invest in Golem is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any Golem alternatives?

There aren’t many other leading crypto projects that offer open-source, shareable computer power. However, there are services that offer related services, such as file storage or a decentralized network. Here are some of the top Golem alternatives.

• Ethereum. Ethereum is the leading smart contract platform.
• Filecoin. Filecoin is a decentralized platform for sharing file space online.
• Storj. Storj offers low cost, decentralized file storage.

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