Buy Golem (GLM)
What is Golem?
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.
How does Golem work?
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.
What are the potential use cases for Golem?
Golem's platform enables a range of applications, including:
- CGI rendering for 3D modeling and animation.
- Machine learning and artificial intelligence, providing distributed computing resources for data processing and model training.
- Scientific computing, facilitating tasks like scientific calculations and simulations.
- Gaming, enabling more efficient rendering and in-game computations.
- Commercial data centre operations, allowing enterprises to scale computing power dynamically.
Additional partnerships, such as with Gamerhash AI, expand its capacity and market potential, especially in gaming and AI sectors.
What is the history of Golem?
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.
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Frequently Asked Questions (FAQs)
What is the current price of Golem (GLM)?
The Golem price is $0.56199452 AUD, representing a -5.83% from the day prior.
Where is the best place to buy Golem (GLM) in Australia?
The best place to buy Golem (GLM) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Golem (GLM) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Golem (GLM)?
The trading volume of Golem (GLM) is $24.9M AUD in the last 24hrs, representing a -5.83% from the day prior.
How can I buy Golem (GLM)?
Golem (GLM) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Golem (GLM)?
The current market cap of Golem (GLM) is $551.0M AUD.
Can I convert Golem (GLM) to cash?
Yes - With Coinstash you can convert your Golem (GLM) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Golem (GLM) are there?
The current circulating supply of Golem (GLM) is 1.0B.
Is Coinstash a safe place to buy Golem (GLM) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Golem (GLM) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.