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Golem (GNT): Democratizing the Computing Ecosystem

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Golem
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Golem is reinventing the computing resources market by offering a decentralized global platform where anyone can participate and earn passive income. It does this by connecting computers in a P2P network to allow owners to rent out resources to users requiring extra computational resources. This essentially means that a person who possesses high-end computing equipment can monetize his resources by allowing others to access unused CPU or GPU cycles.

The cloud computing market is dominated by big companies like IBM, Microsoft, Google and Amazon that have on hand the resources it takes to set up massive computing farms. Their dominant market role gives them the opportunity to sell out these resources at huge premiums which create a high entry barrier. This is the barrier that Golem aims to tear down by decentralizing the service provision to eliminate oligopolistic practices.

The Golem Ecosystem

Golem makes use of a unique self-sustaining model comprised of three main network components. These are requesters, providers and developers. Their presence and participation on the network will play a crucial role in scaling this compute market and in creating a complete ecosystem to support the concept.

Providers include any parties that have computing hardware. In the initial stages, the platform will specifically require people with high-end equipment like gaming computers. But with time, even someone with a simple laptop can participate. The best part is that these parties will have incentives to offer their resources on the platform since they will get paid for the service.

Requesters are the individuals or organizations that require high-level computing tasks completed. Such tasks could include big data algorithms, CGI rendering for media entities, AI computations or complex physics or mathematical problems. A major highlight for them is that they can also become providers periodically when they are not using their own resources.

Developers on the Golem network can create decentralized apps and deploy them on the platform. The platform offers flexibility to allow for the development of any type of app which can be monetization. The developers will get Golem tokens (GNT) as rewards when others make use of their apps.

Golem as the Future of the Internet

One major highlight of the blockchain technology is that in its decentralized structure it eliminates the role of the middleman in most industries and Golem seeks to ride this wave too. The project envisions a future in which users exchange content directly without the need for intermediaries. To this end, it has the long-term objective of bulk-renting machines for large operations on a self-organizing network.

It might seem ambitious but a number of recent developments place it within reach. It is planning to make use of technologies such as Swarm and other data-sharing innovations to make Golem the go-to platform for microservices, accepting both small and large applications.

Golem seeks to become a global blockchain supercomputer with a versatile approach and as such, it is bound to get a vast number of distinct applications in the market. It is hard to predict the potential use cases but the widespread appeal of the concept sets it at a distinct advantage in the competitive crypto market.

We will be updating our subscribers as soon as we know more. For the latest on GNT, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of coinmarketcap.com

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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