Golem (GNT) Still Quietly Progressing Despite Radio Silence

Golem (GNT) launched in late 2016 to rapturous applause and anticipation. One of the first blockchain projects to float the idea of a decentralized computing power marketplace, the Golem ICO raised 820,000 ETH in a matter of twenty minutes.

What followed was a year and a half of radio silence from the Golem team as they worked on launching their project on the Ethereum blockchain. The beta-launch finally went ahead in April of 2018, just in time to catch the market spike that hit that month. Ethereum more than doubled during the April-May spike, but Golem’s launch resulted in over 600% growth, as the value of GNT more than quadrupled during the early stages of Q2.

But What Have You Done For Me Lately?

Since then Golem has quietly slipped out of the headlines as the hard work begins in creating a decentralized computing power marketplace. The team have already signalled their intention to focus their attention on machine learning – that is, making Golem the go-to place for research teams working on artificial intelligence, which requires massive amounts of computing power.

With such a task at hand the lack of noise coming out of Golem HQ in recent months is more understandable, but the devs have been quietly releasing updates and patches to the existing framework on a regular basis.

The team have begun to prepare their followers for the eventual launch of the Golem Marketplace, more details of which can be read here on the Golem blog. The post states:

“Our goal, however, is for it to be similar to real-life economies: demand, supply and quality affecting prices should always be included. This economy works in an anonymous and distributed network, which adds a layer of complexity to it. Golem is not a stock market, there is no central point to place bids and offers. Everyone must make their deals on a p2p basis and on their best criteria.”

And perhaps as a small reminder for those who thought the technology would speak for itself:

“When the Golem Network goes live, its economy goes live as well: we cannot modify any rules or regulations, nor can we affect the price, supply, and demand, and we cannot guarantee the behavior of parties.”

It will certainly be interesting to see how the Golem Marketplace turns out. What’s to stop ‘whales’ hoarding all the CPU power and then selling it off at a higher price, just like EOS’ RAM, or every crypto collectible game ever made?

Among ‘Most Active Devs’

According to Santiment, an app that tracks blockchain developers throughout their social media and forum accounts, Golem devs are still among the most active in the entire blockchain space.

As you can see, Golem devs have been the fourth most active in the last thirty days. How Santiment defines ‘active’ is certainly worthy of more scrutiny, but it appears that despite the relative silence since the beta-net launch in April, the Golem team is still busy behind the scenes.

Golem Brass, an early successful use-case for Golem, enables users to carry out CGI rendering on LuxRenderer and Blender using computing power from the Golem network. The application can be downloaded from the Golem website.

Featured image courtesy of Shutterstock.

Greg Thomson is a freelance writer who contributes to leading cryptocurrency and blockchain publications like CCN, Hacked, and others.