Decentralized global market for computing power, Golem, has announced that its Golem Network Token (GNT) crowdsale will begin on Nov. 11.
The announcement claims that the token is a crucial element of the Golem network, and is designed to ensure flexibility and control over the future evolution of the project.
Eddy Azar of Golem Project, tells Cointelegraph that the network, which will kick off fully in about six months time, shall be available for any computer to connect to by simply downloading a given program.
The Promise of a Supercomputer
Golem has been described by its creators as a supercomputer, boasting the ability to connect with computers all over the world for purposes such as scientific research, graphics rendering, data analysis, cryptocurrency mining among other things.
One recent promise by the Golem network is the opportunity for computer owners to be able to rent their idle times and get paid for it.
Every computing power unit is valuable
The CEO and Founder of Golem, Julian Zawistowski explains that unused computing power can be rented to someone else that may need it.
“If you have a powerful gaming computer that you aren’t using all day, or a PC that you leave at the office each night, you can rent your unused computing power to help someone else who may need it for rendering graphics or developing complex applications,” says Zawistowski.
“We’re excited to involve the community through our crowdsale to advance the Golem network and build the first worldwide supercomputer.”
However, Azar tells Cointelegraph that even though this service will be available to all, older or weaker computers may not be able to handle the computational power needed.