Golem

Key Technical Advantages:

Decentralized Supercomputer: Golem is essentially a global, decentralized supercomputer. It connects computers in a peer-to-peer network, allowing users to rent out their computing resources or leverage others' for their computational needs. This makes complex applications such as CGI rendering, scientific calculation, and machine learning more accessible to everyone. Ethereum-Based Transaction System: Golem utilizes an Ethereum-based transaction system for payments. This blockchain layer facilitates direct payments between the users who request computational resources, the providers of these resources, and software developers. The built-in payment system ensures the security and reliability of transactions on the platform. Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS): Golem can be viewed as both an IaaS and a PaaS. It serves as the backbone of a decentralized market for computing power, allowing developers to create and deploy their own software on the Golem network. This software can be published to the Application Registry and monetized through the platform's Transaction Framework. Golem Ecosystem: The Golem ecosystem is composed of three key groups - providers, requestors, and software developers. Providers supply computing power, requestors submit tasks to be computed by the network, and software developers create and deploy software on the platform. This interdependent ecosystem allows for a competitive market for computational resources. Application Registry and Transaction Framework: These two components are crucial to Golem's functionality. The Application Registry is a repository of software that can be run on the Golem network. Meanwhile, the Transaction Framework allows developers to extend and customize the payment mechanism for their software, creating unique monetization strategies. These features encourage developers to build applications for the Golem platform, which in turn enhances the value of the ecosystem. Content summarized by AI chatbot

Source:

https://golem.network/doc/Golemwhitepaper.pdf