Golem PriceVote (0)
Golem (GLM) price has declined today.
The price of Golem (GLM) is $0.199546 today with a 24-hour trading volume of $1,988,649.82. This represents a -0.40% price decline in the last 24 hours and a -6.90% price decline in the past 7 days. With a circulating supply of 1 Billion GLM, Golem is valued at a market cap of $199,060,135.
Golem is a decentralized supercomputer that is accessible by anyone. The system is made up of the combined power of user’s machines from personal PCs to entire datacenters. Golem is able to compute almost any tasks from CGI rendering through machine learning to scientific learning. It utilizes an ethereum-based transaction system to clear payments between providers, requestors and software developers however it is safe because all computations take place in sandbox environments and are fully isolated from the hosts’ systems.
The company released Brass in 2016 which includes Blender and LuxRender which are the two tools for CGI rendering. There are three releases that follows which are Clay, Stone and Iron. Golem has recently updated their Brass Beta and the highlight of this upgrade are the streamlined task creation GUI, the support for partial task restart in case of subtask timeouts and the fix that should alleviate the issues with the Docker service on Windows. Other than that, improvements have been made on the Blender verification and transaction tracking subsystems and fixed some minor pain-points in the UX. Transaction history will become more user-friendly with separate tabs for payments and incomes. Apart from that, improvements are made for requestors as well, requestors is now able to add resource file without having to repeat the task creation procedure if they have forgotten to add them beforehand.
Grand vision and core features
- Golem is the first truly decentralized supercomputer, creating a global market for computing power. Combined with flexible tools to aid developers in securely distributing and monetizing their software, Golem altogether changes the way compute tasks are organized and executed. By powering decentralized microservices and asynchronous task execution, Golem is set to become a key building block for future Internet service providers and software development. And, by substantially lowering the price of computations, complex applications such as CGI rendering, scientific calculation, and machine learning become more accessible to everyone.
- Golem connects computers in a peer-to-peer network, enabling both application owners and individual users ("requestors") to rent resources of other users’ ("providers") machines. These resources can be used to complete tasks requiring any amount of computation time and capacity. Today, such resources are supplied by centralized cloud providers which, are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Also core to Golem’s built-in feature set is a dedicated Ethereum-based transaction system, which enables direct payments between requestors, providers, and software developers.
- The function of Golem as the backbone of a decentralized market for computing power can be considered both Infrastructure-as-a-Service (IaaS), as well as Platform-as-a-Service (PaaS). However, Golem reveals its true potential by adding dedicated software integrations to the equation. Any interested party is free to create and deploy software to the Golem network by publishing it to the Application Registry. Together with the Transaction Framework, developers can also extend and customize the payment mechanism resulting in unique mechanisms for monetizing software.
Check out CoinBureau for the full review of Golem.
Where can you buy Golem?
GLM tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Golem is Upbit, where the most active trading pair GLM/KRW has a trading volume of $469,209.17 in the last 24 hours. Other popular options include Bitget and Binance.
What is the daily trading volume of Golem (GLM)?
The trading volume of Golem (GLM) is $1,992,734.03 in the last 24 hours, representing a -8.30% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Golem (GLM)?
The highest price paid for Golem (GLM) is $1.32, which was recorded on Apr 13, 2018 (over 5 years). Comparatively, the current price is -85.00% lower than the all-time high price.
What is the all-time low for Golem (GLM)?
The lowest price paid for Golem (GLM) is $0.009137530000, which was recorded on Dec 12, 2016 (over 6 years). Comparatively, the current price is 2,079.80% higher than the all-time low price.
What is the market cap of Golem (GLM)?
Market capitalization of Golem (GLM) is $199,060,135 and is ranked #169 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of GLM tokens (1 Billion tokens are tradable on the market today).
What is the fully diluted valuation of Golem (GLM)?
The fully diluted valuation (FDV) of Golem (GLM) is $199,060,135. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion GLM tokens are in circulation today. Depending on how the emission schedule of GLM tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Golem compare against its peers?
With a price decline of -6.90% in the last 7 days, Golem (GLM) is underperforming the global cryptocurrency market which is down -0.60%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
What is the market sentiment of Golem today?
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How to add Golem (GLM) to MetaMask?
Adding Golem (GLM) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import GLM as a token. You can copy GLM’s contract address (0x7dd9c5cba05e151c895fde1cf355c9a1d5da6429) and import it manually, or if you've installed MetaMask's chrome extension, add GLM to MetaMask with one click on CoinGecko.
Add GLM to MetaMask.