Golem Network is a decentralised marketplace for computing power, allowing users from around the globe to share their unused computing resources or access these resources when needed. It connects providers, who offer computing resources, and requestors, who utilise these resources, with transactions facilitated by the GLM token, which serves as the medium of exchange.
Golem operates as a decentralised peer-to-peer network on the Ethereum blockchain, utilising smart contracts to manage agreements and payments securely and transparently. The network is driven by the Yagna daemon, which interacts with Golem's API. The network supports payments through the Ethereum Mainnet and the Polygon Network. Security is enhanced by various measures, including signed and encrypted messages, isolated computation environments, and a reputation system.
Golem's platform enables a range of applications, including:
Additional partnerships, such as with Gamerhash AI, expand its capacity and market potential, especially in gaming and AI sectors.
Golem Network was founded in 2015 by Piotr Janiuk. Initially presented at DEVCON0 in 2014, it was one of the first projects to use an Initial Coin Offering (ICO) for funding, raising approximately $8.6 million in ETH. Milestones include scientific contributions recognised by journals like Chem, partnerships for services like the Golem Blockchain Gateway, and advancements like GPU Beta testing. Over time, Golem has evolved into a major player in decentralised computing, continuously innovating and enhancing its services and technology.