What is Golem?
Golem is a project that provides the ability to buy and sell computing resources in exchange for cryptocurrencies. The system can perform almost any task - from video conversion to the creation of complex machine learning algorithms and even cryptocurrency mining. Besides, the platform also uses Ethereum-based transaction system to transfer payments between vendors, users and software developers. Golem's software is optimized to simplify the exchange, allowing users without resources to connect with those who rent their computer resources. For their work, users who contribute resources to the Golem network receive GLM, Golem's native cryptocurrency. GLM cryptocurrency is used to manage all transactions in the Golem ecosystem. By doing so, Golem's creators create a decentralized network that enables the use of the network's computing services.