This can be a submit to speak concerning the potentialities Golem (GLM) can deliver to the world and the way we will soar on this rocket earlier than it takes off.
I’ve been within the crypto area for the reason that starting of 2017 and everybody who’s from that point and that was following Ethereum is aware of about Golem.
Ethereum itself was an enormous recreation changer within the blockchain world with the sensible contracts thought. It was even potential to create a coin on Ethereum. And the primary coin with actual worth that was created on Ethereum at the moment was Golem. The ICO that occured in November 11th 2016 was the quickest one and the most important one within the crypto area up till that second. They raised $8.6 million in 29 minutes and ended the ICO. Only for comparability, Ethereum took 42 days to lift $18million.
All people was fascinated with the idea ‘’airbnb for computer systems’’ which nonetheless is an effective way to elucidate what it does because you primarily hire your unused laptop energy for different those that want it. However because it was one thing that was created within the actually early phases of the crypto world, the token that was created on the time (GNT) wasn’t a ERC-20 token, which turned the norm the next years.
However that wasn’t essentially unhealthy as a result of they used these four years (2016-2020) to analysis and outline one of the best product and enterprise mannequin. Within the begining their thought was to create themselves the use instances on high of Golem, just like the well-known Blender case (the place you would hire your CPU for those that labored on Blender and didn’t need to wait lengthy hours to render their challenge, in order that they rented another person’s CPU and did that render in a couple of minutes). However quickly they realized it will be significantly better to create a fantastic PLATFORM so individuals all over the world may create their software themselves, which might permit the challenge to develop in a quick tempo.
After having outlined that they have been going to be a platform, they began the subsequent apparent transfer that was to replace their token to an ERC-20 token, that might be traded on Defi and used on Layer 2 options. That’s what occurred a number of months in the past, they modified their previous token that wasn’t ERC-20 (GNT) for the brand new token that’s ERC-20 (GLM). This migration remains to be ocurring and doesn’t have and finish date (in case you’ve some previous GNT, don’t fear).
So proper now the token is already ERC-20 and the product has been launched within the mainnet so individuals can already use Golem. They misplaced a little bit of time however are again on their observe and going sturdy. They’re even doing Hacktons with good prizes ($30okay this month) for builders to create use instances on high on Golem, and individuals are beginning to create wonderful issues. Right here’s the record of the initiatives which are being developed on Golem proper now: https://github.com/golemfactory/awesome-golem
The one purpose I’m writing it’s because I actually consider on this challenge. I even created my Reddit account simply to comply with Golem’s Reddit web page. I’m only a regular dude that has been within the crypto area for a while and that has adopted A LOT of initiatives and none of them got here near what Golem can do to the world. We actually dwell in a world the place we are going to want extra laptop capability. Suppose abou the AI’s. We have already got quite a lot of them at this time, however after they begin to evolve what will likely be their ‘’gasoline’’? Will or not it’s eletricity or laptop capability? What if RAM reminiscence turns into essentially the most worthwhile factor on the planet since all the pieces is turning into an AI, from smartphones to computer systems and robots?
This can be a futuristic view. However we will look to the current. One of many issues Golem is already doing proper now’s a challenge known as u/CHEMGolem: ‘’Through CHEM@Golem, our suppliers will be capable of assist run the computations wanted to simulate chemical reactions. These calculations goal to generate a mannequin fashioned by synthetically possible chemical area of small natural molecules. Exploring this area requires simulating billions of chemical reactions.
The mannequin created by the simulations could be then subjected to additional evaluation to find out its evolution and habits in addition to to judge properties of specific molecules produced inside the area. These are important processes for creating medicines (medication), in addition to different helpful compounds.
So, golem may even assist humanity develop medication and factor that we don’t even think about. Earlier than golem, universities needed to depend on their bodily computer systems to simulate the reactions and naturally it was very restricted by the computer systems capability. Now they solely want one machine there however can use the pc energy of the entire world, getting outcomes MUCH sooner and cheaper.
These days when you could use extra laptop energy than you’ve, you possibly can hire laptop energy to do some duties, however normally it’s one thing very sophisticated to do and also you depend on centralized firms like Google or Amazon. The good change about golem is the descentralization of laptop energy, and that’s why it’s known as the ‘world supercomputer’.
From a value perspective I actually consider it’s undervaluated by A LOT. As I’m scripting this GLM is now price $0.46, which is de facto low. One of many causes it nonetheless a bit low is as a result of not all Defi have but accepted GLM on their platforms. From the most important exchanges, all of them are already buying and selling GLM, besides Coinbase PRO, however it’s confirmed that they may begin buying and selling GLM in the long run of MARCH, so within the subsequent few days. That can in all probability trigger a small pump on the value. That stated, as soon as GLM begins buying and selling in additional exchanges I feel the value will develop so much.
And why the value will develop? That’s simply my perspective, however to me Golem is a rocket on the bottom that’s about to take off. I’ve seen many initiatives on the crypto area, most of them with weak groups that quit on the challenge, and a few of them with good groups, which is Golem’s case since they’re evolving their product since day 1. From the ‘’good groups’’ initiatives, most of them are related to simply being a coin higher than Bitcoin (sooner, cheaper and many others) and nothing else, no worth. There are different cash like Ethereum that basically can create wonderful factor. However the Ethereum rocket has taken off a very long time in the past. It’s a lot more durable for ETH to achieve $10000 than to Golem attain $3 (though I feel i can attain greater than $20 this yr), so talking about investiments I see rather more potentialities with Golem than with Ethereum. And there are quite a lot of different good initiatives like THETA or BAT, however to me none of them come near the probabilities golem can create. In my imaginative and prescient, within the crypto world, the most important initiatives that will likely be acknowledged someday as the sport changers will likely be Bitcoin, Ethereum and proper after Ethereum, Golem. I hope I may also help some individuals which are having doubts about the place to speculate. No person talks so much about golem as a result of they have been passing by means of this transformation. However now they’re again with all the pieces they’ve realized throughout all this time, being one of many first actual initiatives on Ethereum and reaching wonderful issues. If you’re , go to their web site and their Reddit web page and make your individual conclusions. I’m not attempting to show something right here or predict future costs. I’m simply passing the Golem phrase ahead. Thanks very a lot