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Golem

Posted on September 9, 2018September 9, 2018 by HODL, FODL, BUIDL

The project, not the mythical being. There are a few decentralized applications (DApps) that interest me, and Golem is one of them. Golem, described as the Airbnb of computers, essentially allows interested parties to rent out unused CPU power while earning crypto coin GNT (Golem token) in return. I’ve been using Golem for a few months now, and think the development team is doing a great job with the project.

If you’re interested in learning about the project, or participating by running a node, head to the Golem site for more information. Looking to understand where the Golem dev team is heading with the project? Here is a recent blog post from the team outlining the revamped plans/roadmap and other details.

Getting started using Golem takes a little technical know-how, but there are more than enough help guides online to help you through. Once your node is up and running, you can adjust how much disk space, RAM, and processor bandwidth is allocated for Golem’s use and can also start/stop your node at will – the program will let you know when it’s actively computing a task so be sure to not stop/shutdown your node while that’s occurring! Be sure to keep up with Golem updates so you’re always running the most recent release on your node.

The Golem app is easy to use and will let you know how many tasks you’ve received and successfully completed, along with how many GNT earned per task. If requesting tasks to be completed, you’ll need to deposit a small amount of ETH. There is a built-in wallet to store your earnings and deposits, but it is recommended to transfer out large amounts of crypto to your own wallet in lieu of leaving it in the Golem wallet.

Happy exploring!

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