Golem tweets: “Computing power, shared. Rent your CPU/GPUs, get paid in cryptocurrency. Chat w/ us.”

Early this month, Golem stated that they are releasing and launching the Brass Golem Beta 0.22.0 with several goodies. The network, however, stated that they have been preparing for this for quite some time. They are working on introducing further updates to make Golem easier, stable, and better to use.

Sydney Ifergan, the Crypto Expert, tweeted: “Golem are evolving, and they are taking good steps in correcting the basics to keep the network together. Waiting for more cool things from the network.”

Golem Concent Service

With the Concent Service, the requestor and the provider after opting in will be sure that they will get paid for correctly computed tasks. A comprehensive guide on how to use the Concent Service with Brass Golem is facilitated in the documentation available on the website.

Each subtask allotted to a requestor was set to a timeout after allocating the required value for the completion of the task. Previously, the payments were not considered to be fairer as the requestors had to pay for the timeouts irrespective of how long the actual execution took place. However, to offset this weakness, Golem has now introduced a new usage-based marketplace model. The current model will be enabled for gWASM use case. It might be included in the future for other tasks.

Golem Protection

Concent protects the mainnet from requestors who would not pay. It is a great way to ensure that everything moves well between the requestor and the provider. And, it is now possible to Whitelist and Blacklist the nodes.

Golem is the global decentralized supercomputer, which consists of the combined power of several computers of many users. The merging of several computers facilitates the economy for computing to sustain the decentralized ledger.

Different types of tasks are computed using machine learning and scientific computing. The developer community’s creativity is that which defines the limitations of the Golem Community. The community contributes to the flexible, reliable, and cheap source of computing power.

Golem facilitates an Ethereum based transaction system. The computations are separated from sandbox environments; they are kept completely isolated from the host’s systems. Providers, requestors, and software developers use this system to settle payments.

Software developers make the core strength of the Golem Ecosystem. The application registry and the transaction framework help everyone to monetize applications in the Golem network.


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