GOLEM - Future Of Cloud Computing

Golem Project holds a lot of potential value for the future, as it would effectively create a truly global, open sourced and decentralized Web.

Combining the power of computers all over the world would provide all of the necessary hardware resources, and Ethereum-based payments will clear transactions.

The vision of Golem Project developers is to establish a true peer-to-peer network, which is created and supported by all computers running the Golem App. One of the benefits of this application is how anyone in the world can use the Golem App to send a computing task to the network, or lend a machine to other people on the network.

Simply put, any projects that require massive computations could tap into GOLEM’s network to get stuff done. For example, if PIXAR ever needs to render their 3D stuff faster without all the additional hardware, computational power can be rented from the network. This will go far beyond computer graphics — think about science, machine-learning, live market predictions, and microservices.

If GOLEM succeeds, anyone will be able to auto-assign their computing devices to rent itself out to the GOLEM network.

But one thing to address by the developers is scalability, an issue that has popped up in discussions regarding both Bitcoin and Ethereum. Connecting “millions of workstations using a P2P architecture” sounds good in a whitepaper, but realising such a significant feat in the real world will pose some challenges.

Check out their website: https://golem.network
Whitepaper here: https://golem.network/doc/Golemwhitepaper.pdf

Disclaimer: I have invested in GOLEM. This is just my personal opinion on the project. If you like the project and want to invest, Golem is available on www.coinswitch.co