Ethereum Based P2P Computing Power App Golem Goes Live
10 April 2018 - 7:27PM
ADVFN Crypto NewsWire
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Bitcoin Global News (BGN)
April 10 ,2018 -- ADVFN Crypto NewsWire -- One of the most
ambitious projects for the blockchain space released its first
public version. The basic idea behind the platform is to allow
individuals to share their computer’s working capacity while they
aren’t using it. In this way, having your computer connected to the
network can generate a small income.
Golem expands on the Bitcoin/Blockchain concept, where instead
of exchanging just the small data of a ledger of transactions for
money, the participants are exchanging huge amounts of computing
power.
The grander benefits of establishing this network are in the
ability to compile computing power that would not have been
accessible previously. This will make current work towards Machine
learning and Artificial Intelligence become more efficient.
Ideally, Universities without access to supercomputers, will have
access to those tools via a network like this in the future.
"We definitely need to move in the direction of machine learning.
This is something that is suited to Golem pretty well," says CTO
Piotr Janiuk.
Golem Brass Beta
In it’s current state, things are more basic. The project was
originally launched as an ICO on November 13, 2016. It has drawn a
good deal of criticism for the time it has taken to move towards
anything like a working service. However, it seems patients in this
particular space will be rewarded and is definitely deserved.
With this initial release, Golem is using the CGI platform
Blender to exchange CPU power – meaning that someone who wants more
efficient computing capacity working with Blender can pay someone
for the extra CPU power through Golem.
The technology Golem is developing is more complicated than
standard software development in two major ways. It is being
programmed on top of the Ethereum network – a computer that is
always running and always connected to the Internet. Because of
this, and the nature of payments exchanged for the computing power,
they are “playing with other people’s money” in an indirect
way.
The current focus is a seamless network that is secure from
hacks. Once this is firmly established, the group will begin
applying work towards more versatility.
By: BGN Editorial Staff
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