Golem is a revolutionary project in the field of computer computing. Cryptocurrency IOTA: review, prospects, forecast, where to buy

It may seem to someone that the development of new cryptocurrency projects occurs solely because someone wants to earn money in this way, or toils from boredom, or suddenly decides to prove to himself his coolness and viability as an expert in such a confusing and little-understood field.

Probably, these motives are also present somewhere (after all, we are all human and we all have weaknesses). But, in general, such projects provide an opportunity for extraordinary individuals to present their original ideas to society, aimed largely at making the life of this society easier and more comfortable.

Cryptocurrency Golem (Golem, GNT), which is the subject of our conversation today, is also not just another digital money. It is based on a unique idea, all the details of which we will consider in the following sections.

So, let's take a closer look at this interesting cryptographic project. It is impossible to call GNT a cryptocurrency in the usual sense of the word. Why so, we will tell a little later. For now, some general information.

The start to life for the project was given by the Polish citizen Julian Zawistowski, who later became the head of the company. Poland is also the home of the rest of the development team, so it makes sense that their base is located in Warsaw. Everyone who is part of the team is far from beginners and has sufficient experience in development various applications. Many have worked together before, before the Golem project.

This currency is still quite a "baby". It appeared on the market in late autumn (in November) last 2016. Money for the development of the project was collected through an ICO. If someone is not in the know, then this is a way to attract investments to promote their own idea, which involves the sale of a digital coin that does not yet exist for real and quite liquid cryptocurrencies. That is, the Bitcoins or Ethereums you listed will make you the owner of new, supposedly promising coins, and time will tell how profitable such a purchase of a “pig in a poke” will be.

And yet, the practice of ICO lives and flourishes, which once again proved the case with Golem. Over $8 million (820,000 ETH) has been raised. For each laid out Ether, investors received a thousand tokens. The total number of tokens is equal to a billion (about a fifth of them the team kept for themselves), this number will not increase in the future, and if so, then there is no question of any mining of this crypt.

Actually, the authors themselves position their development in this way. They present this project as a peer-to-peer (peer-to-peer) P2P network, naturally decentralized, the purpose of which is to perform various computing operations. This is a kind of world-class supercomputer. Or, if you like, the global market for the power that can be used for any kind of computation. Any person can become a member of the network, it does not matter whether he has a regular computer or owns a data center.

The essence of the idea is based on the assumption that most people use the capabilities of their processor to a minimum. And it's hard to disagree with that. And if you consider that many "machines" remain turned on even at night (take, at least, office networks), then even from the point of view of electricity consumption, this is a complete waste. In the meantime, spare capacity can be profitable. This is exactly the idea of ​​the developers. They offer users to earn money by renting unused PC resources. Why not? People rent out vacant houses. The principle is the same.

Any user can earn in this way, there would be a desire. You just need to decide what part of the resources (cores, RAM or disk space) you can give to the needs of the community without compromising your own comfort. And if necessary, you will have the opportunity to use third-party resources. That is, the same person can act as both a supplier and a customer. The incentive to use the services of the Golem market, of course, will be material interest. But not only. Equally (if not more) important is the ability to access a variety of software running on the project network.

The range is really wide, but if you push yourself and try to squeeze it into short, specific points, you get something like this: scientific research activities, analysis of large databases, CGI rendering. You understand that the "filling" of these points can be very diverse, that is, there are many options for using this network, up to the search for extraterrestrial intelligence.

We must not forget that Golem is in the process of development, and it is difficult to even imagine how many pressing issues can be solved using the network after some time. Process and store huge amounts of information? Please. Conduct a poll or vote for something or someone? No problem. Throw in crypto mining, machine learning, and more. Impressive, right?

Naturally, these problems are being solved even now, but at what cost? People employed in these areas, and these are researchers, scientists, designers and others, are forced to either waste a lot of time waiting for the computer to calculate the task, or rent from special cloud services additional capacity, which makes the process very costly, because such services are not cheap. The Golem system is able to break the monopoly in this area and make pricing more democratic and acceptable.

To promote any product, it is necessary that as many people as possible be interested in it. With the current wide choice, such a product must have serious advantages over similar products (services), otherwise the consumer, spoiled by the abundance of offers, will not even look in his direction.

This rule also applies in the crypto-currency sphere. Cryptographic projects divorced such a large number of that users, before becoming members of any of them, meticulously and scrupulously analyze its prospects and attractiveness from different points of view.

Golem in this sense has something to surprise and please the selective user:

1. Let's start with the fact that the project is universal. The types of tasks that can be processed using this platform can be very diverse.
2. Decentralization ensures the smooth operation of the network, there is no threat of failures that can stall the entire system.
3. Scalability, and unlimited, is another significant advantage. Any number of computers can connect to the network at any time.
4. The system is quite safe, one might even say very safe. This is ensured by the implementation of all calculations on the "virtual computer" (thus, the operations are not associated with the main system). And if you're into developing your own computing applications, you can easily integrate them into Golem.
5. The platform is aimed at providing services in 2 “hypostases” - as an infrastructure, and as a platform (IaaS and PaaS). System tokens, when they begin to fully function, will be used to pay software authors, and those who provide computing power. In addition, over time they will be used to provide collateral (by the same vendors and application developers).

Stages of a long journey

There is really a long way to go, because the Golem project is conceived ambitiously and on a grand scale. According to the plan of the developers, the development of the idea will take place in 4 stages, the name of which was "given" by the famous game "Dungeons and Dragons".

So, the Golem will have to go through the Copper, Clay, Stone and Iron periods of development. The first stage will take half a year, the second will last 15 months, the third - 2 years and the last, fourth, as much as 4 years.

The alpha version is the Copper Golem. Its final version (release) was released at the end of the summer of 2017, and network testing began a year earlier and aroused the interest of a large number of enthusiasts who did not fail to join the process.

The main focus of the Copper stage is CGI rendering (LuxRender and Blender programs). This area is very important for designers, architects, animators, etc. Today, this business is highly profitable, even without taking into account large players, huge money is spinning in rendering, more than 2 hundred million dollars a year.

When it comes to the Clay Golem, it's time for an amazing expansion of the network's potential. Users will be pleasantly surprised by the convenience of the interface, a full-fledged Application Registry, and an effective mechanism for distributing subtasks.

Functional perspectives will noticeably manifest themselves with the advent of the Stone Golem, it will be possible to work much more stable and without worrying about security. In addition, an enhanced version of the API tasks will be introduced, a certification mechanism will appear in the Application Registry, which means the creation of a network for applications on a trust basis, and this network will be managed by the community itself. It is planned that this stage will be the beginning of the use of the Golem in the application as a service (SaaS) model.

And finally, the final, Iron Golem. By this time, the system is completely stable, it is scalable and successfully resists attacks from outside. The toolkit offered to participants will please with convenience and variety and will greatly facilitate the work on new applications. Full version network statistics will be displayed on a special site and the implementation of the Golem Library will be carried out, with the help of which the setting of tasks will be automated.

Before talking about the mechanism of functioning of the Golem network, it is necessary to clearly identify its participants. They can be conditionally divided into 3 groups: customers, capacity providers and software developers. We say "conditionally" because the same user can act in different roles, depending on his current needs and capabilities. For example, a customer has finished his work and, in order to avoid computer downtime, offers free capacities to other users, thus turning into a supplier and earning some money from it.

Customers are the source of tasks that are assigned to the network (this is done through the Golems Task Definition Framework). After the task is set, suppliers come into play. They offer options for the cost of performing this work and be sure to indicate the capacities they have. As a result, the task is divided into a large number of subtasks that are sent to the computing nodes. In terms of their complexity, the tasks, of course, will be different, and therefore they will be divided into parts in different ways - those that are simpler can be divided into just a few parts, and more complex ones can be divided into several hundreds or thousands.

The platform provides a mechanism for providing safe work for both customers and suppliers, which is to implement a reputation system for nodes. There is a "white" list, where participants with a good reputation are entered, and a "black" list, where unscrupulous users are displayed. Depending on the level of completion of tasks, the reputation of the participants may grow or, conversely, fall. If the participant has a stable negative reputation, the Golem will reject his proposals. Tasks that are performed by participants are not related to the main system, as they are processed on virtual computers and the data is carefully encrypted.

The work is paid upon receipt by the customer node of the completed subtasks. The amount of payment, again, depends on the complexity of the task, in some cases it can be a few dollars, and in others - several thousand of the same "American rubles". With payments, everything is simple, thanks to Ethereum, they are direct between all participants in the system, the commission fee is 5% of the amount.

Developers are free to list their software in the Application Registry. Anyone can create a mechanism for paying for their own services, based on the structure of monetary transactions.

Where Golem is similar to all other digital currencies is in volatility. In the early spring of this year, the GNT token was added to a number of exchanges, and this affected the growth of its rate. He began to rise and at some point reached 70 cents (42 rubles) per unit. However, a decline began already in the summer, and by September the figure fell to 25 cents (17 rubles).

You can purchase a token on several specialized exchanges, including Bittrex, Poloniex, Liqui and some others. Presented trading pairs are GNT/BTC and GNT/ETH.

As for the storage of GNT, any wallet provided by the crypto exchange (if it trades this money) is suitable here, you can also use the Ethereum Wallet or Exodus multi-currency storage, which also supports the Golem token since April.

Well, what can be said in conclusion? Of course, I would like to sum up with some specific conclusions and data, but this is always difficult, if not impossible, in the crypto-currency field. The market is too unstable, too much rests on the interest of the "public", and this interest can disappear at any moment, etc., etc.

But nothing prevents us from talking about the impressions that the Golem project produces. And the impressions are good. Everything we have described above looks quite promising and promising. If the developers' plans come true (and they have repeatedly emphasized that much will depend on future funding), then consider that we are on the verge of great opportunities in the field of computing and beyond.

Our words about financing may not alarm you very much, it is likely that there will be no problems with this. Golem's capitalization already looks not the worst - $ 200,000,000. Let's hope everything goes well.

In a word, the idea is painfully interesting, it's a shame if it remains unrealized to the end. But let's be optimistic. Good luck!

RChain is another digital currency from the top 50 by market capitalization, which ranks 32nd, and has a fortune of almost $870 million. Quite an inexpensive cryptocurrency - against the dollar it is quoted at $2.3 per coin. Cryptocurrency is moving up the market capitalization ladder, but the obvious question is - is there a good reason for this?

Our review will tell you about the fundamental intricacies of the RChain platform, show what plans the developers are putting forward, and, of course, will not lose sight of the RHOC cryptocurrency - analytics available to everyone.

RChain is such an ambitious idea, something between Facebook and Visa. "Why?" - you ask. It's all about the plans of the developers, RChain Coop. The guys claim to become a content provider, cooler than FB, and in addition, they also process transactions, no worse than Visa. And although the company, at one time, collected $5 million for the development of the project, we are interested in the current development of the RChain project.

Lyrical digression

The throughput of Bitcoin and Ethereum leaves much to be desired. This is especially true for Bitcoin, whose throughput hardly reaches 7 to 10 transactions per second. In reality, this figure rarely exceeds 3.5-4 transactions per second, compared to the same Visa with 3,000 payments per second. This is the most urgent problem that can be eliminated in the near future through technology.

The founder and developer of this project, Greg Meredith, a former top manager of Microsoft, is promoting his own blockchain project, which originates from the project, with an admixture of mathematical and software additions. And although some analysts believe that Greg and his ideas are worth reckoning with, it is not so easy to realize such ambitious plans.

Today, every 2 or 3 blockchain projects claim to be the "king" of the party in a certain area, but are we supposed to believe in all this? Proofs, proofs, and once again proofs in the form of the growth of cryptocurrency to the moon, otherwise no one will believe you, Mr. Meredith.

One way or another, we will see the first releases no earlier than in the second quarter of 2018. It is known that the software will be called “Mercury”, which will use RHOC, native tokens from RChain.

Summary of recent RChain development activity

The developers of RChain faced large quantity problems, the main of which are mainstream in the blockchain technology environment (in the general mass):

• high cost of commissions;
• low transaction volume;
• the complexity of working with smart contracts;
• and, of course, achieving integration between data “chains” is a major hardcore for developers, and not only in RChain.

By the way, not so long ago annual gathering of contributors, forcing developers to get together in Salt Lake City to sort out initial requirements for the release, improve documentation coverage, and play around with the Rholang programming language. 4 fun days with pizza and cola did not let the developers get bored or stay idle.

Digging deeper: how does the RChain blockchain work?

As already mentioned, the development of the Mercury protocol is in full swing. Let's go through the levels in order to figure out on our fingers how this "ecosystem" works:

1. A bunch of Rholang + code libraries will serve the launch of the main nodes, and provide a decentralized computing platform. In simple words- servers with software and libraries will monitor the operation of the entire platform. Nothing surprising.
2. Rholang is the programming language in which RChain smart contracts will be written. According to the developers, the basis of this language is the parallelism of operations, or multithreading.
3. The whole thing from the 2 upper layers is compiled (transformed) into data, which is picked up by the Rosette language. In turn, Rosette is a high-performance networking language that serves as an intermediary between the Rholang language and the compiled machine code.
4. Next comes the Rosette VM - virtual machine, which is written in C++ and imported into Scala by the developers of RChain.

Mathematics, many programming languages, and complex architecture - a simple user, most likely, will not be able to figure out all the stuffing of this platform.

I would like to add - and why not! There is no need to understand some software intricacies. It is enough to understand what the product is for, and to know in general terms how they are trying to implement it.

When it comes to the information that the RChain block will store, and how much memory is needed for this, developers are trying to achieve minimum block sizes. It's all about the strong typing of the programming language, which will cut off everything superfluous from a freshly generated block. On the one hand, this is a useful feature, and on the other hand, an additional piece of work for the "virgins".

Estimating the cost of a transaction

RChain proposes to slightly change the approach in estimating the cost of transactions using cryptocurrency. The cost of transactions on the network will be calculated in 4 stages: calculations, the amount of network resources used, memory resources, and storage resources.

The first 3 stages will be calculated when the contract is launched and will consume a certain amount phlogiston(a fictitious fire substance - editor's note), which will be an analogue of Gas in Ethereum. Storage resources will be calculated a little differently at the time of the transaction in order to insure the exchange participants from the high volatility of the cryptocurrency. Fixed rate, sort of.

Official website of the platform: rchain.coop.

RHOC cryptocurrency rate: current.

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Last time we expressed slight optimism, hoping for the continuation of the growing trend. It was short-lived and therefore unreliable. But there was very strong support at the bottom, tested by repeated touches - $475 billion. Each such level, including $450 billion, was consistently broken by strong selling.

We hope that our readers are guided by these movements when making investment decisions, since all the few recommendations for individual coins were caused by general optimism. Our virtual investor, represented by the BloomChain Top 10 Index, who buys the first 10 cryptocurrencies every time, lost about 30% of his capital. The index went below 70 points. Active trading allows you to save capital during falls.

On the chart, we saw several different growing trends, and surprisingly, the chart repeated them all, finding pivot points. However, all these trends were broken down. We do not recommend active actions on this coin. In addition, the most popular $10,000 level has also been broken down. Pay attention to the falling trend line.

After the breakdown of the long-term trend, he did nothing more. There is hope for the formation of an unusual level around $777. Several times this month, the price did not go below this line. The level is not long enough to base trading recommendations on, although short-term speculation is possible.

On the chart, everything is bad with the formation of levels and trends. Therefore, despite the sympathy for this coin and good movements, there are no clear signals on it yet. Refrain from trading.

Easily broke down the $1,300 line we were hoping for. The next stop was at $1100 – ‘this is a less reliable level. We are still not trading.

After the successful launch of the Bitcoin system, new cryptocurrencies began to grow like mushrooms after rain. Now there are about a hundred of them, but our website contains cryptocurrency rates that are actively developing and have the highest rates in terms of capitalization (the value of all monetary units in circulation), the value of the currency, the degree of anonymity and other characteristics.

• (Bitcoin) is a pioneering cryptocurrency that leads in all the above indicators. The Bitcoin exchange rate against the dollar in 2017 rose to a record high of $20,000.
• (Ethereum) - a system that offers additional functions, in addition to making payment transactions (currency - Ethereum). A side option is the registration of transactions with any assets (based on blockchain type contracts).
• - a system based on the developments of Bitcoin, but with some improvements - a higher degree of anonymity and speed of transactions.
• is another cryptocurrency based on Bitcoin. The developers of the payment system have ensured that confirmation of transactions does not come in 10 minutes, but instantly.
• - a cryptocurrency that promises users a high degree of anonymity protection.
• - one of the youngest systems (working since 2016), which has received the most popularity and support in Japan.
• (Ripple) is one of the few cryptocurrencies that works thanks to its unique developments, and not on copying the Bitcoin infrastructure.
• - appeared as a fork of Ripple, but now works independently. Combines payment system and a currency exchange.
• ByteCoin is a cryptocurrency with one of the lowest exchange rates against the dollar and the ruble of all presented.

Cryptocurrency rates are adjusted online (in real time), based on the data of recent transactions on world virtual exchanges and exchange services (ВТС-e, Kraken, etc.). Price changes for one monetary unit for different periods are reflected in the graph.

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