Golem Price (GLM)

About Golem (GLM)

Golem (GLM) is a digital asset with a focus on decentralized computing. It aims to create a global, open-source, decentralized supercomputer that anyone can access. The asset's technology is centered around providing a platform for users to rent out their computer's unused processing power to others in need of computational resources. This peer-to-peer network allows for tasks to be completed faster and more cost-effectively than traditional centralized cloud computing services.

One of Golem's key features is its ability to enable users to earn passive income by renting out their computing power. This can be particularly beneficial for individuals or organizations with excess processing capacity that they are not utilizing fully. Additionally, Golem's decentralized nature ensures data security and privacy, as tasks are divided into smaller subtasks and processed independently by different nodes on the network.

With a strong emphasis on community engagement, Golem provides various social media channels for users to stay updated on the project's developments. These include a Twitter account, a Reddit community, and a YouTube channel. By leveraging blockchain technology, Golem aims to revolutionize the way computing resources are accessed and utilized globally, making it a promising asset for those interested in decentralized computing solutions.

How does Golem work?

Golem (GLM) is a decentralized platform that enables users to rent out their computing power to others in exchange for cryptocurrency. It operates on a peer-to-peer network, allowing individuals to connect directly and transact without the need for intermediaries. Built on blockchain technology, Golem ensures secure and transparent transactions through its decentralized ledger. Consensus mechanisms such as Proof of Work or Proof of Stake validate and record transactions on the network. One of Golem's unique features is its ability to harness idle computing resources from users worldwide, creating a global supercomputer for tasks like rendering CGI, machine learning, and scientific research. This innovative approach sets Golem apart from traditional financial systems by offering a decentralized marketplace for computing power, enabling cost-effective and efficient solutions for various industries and platforms.

How to keep your Golem (GLM) safe?

To keep your Golem (GLM) safe, consider using hardware wallets like Ledger for enhanced security measures. These wallets store your private keys offline, making it harder for hackers to access your funds. Additionally, trusted platforms like Coinbase, OKX, and Binance offer secure storage options and advanced security features to protect your assets. By utilizing these tools and platforms, you can safeguard your Golem tokens and have peace of mind knowing your investments are secure.

Sentiment about Golem (GLM)

Social media platforms are indicating a neutral sentiment towards Golem. The sentiment score, which represents the balance between positive and negative posts weighted by interactions, is broken down as follows:

• Reddit posts show 50%

• YouTube videos show 50%

• TikTok videos show 50%

• On X (formerly Twitter), sentiment towards Golem varies. Approximately 48.93% of tweets express bullish sentiment, 3.79% express bearish sentiment, and 47.28% remain neutral. These sentiments are based on 66.32K tweets.

These findings are based on a total of 66.33K interactions over the last 24 hours, involving 123 unique social contributors to the topic.

This aligns with Golem's market performance; it is currently priced at $0.4826 with a market capitalization of $490.32M.

Price change data is not available at the moment.