case study: how coins work


cgi Artist

A com­puter-graph­ics artist who bought Golem Net­work To­kens to rent computing power on Golem tells her com­puter to ren­der an an­i­ma­tion. Golem de­ter­mines that the ren­der­ing can be com­pleted by, say, five ma­chines ren­der­ing for one hour each. (More likely, 100 for a minute each.) each “idle” com­puter re­ceives one GNT. All this hap­pens au­to­mat­i­cally.

Golem world­wide su­per­com­puter

The Golem Net­work, in it­sro lea san Airbn bf or com­put­ing­pro­cess­ing power, en­ables ma­chines around the world to trans­act with each other. Computing power that would oth­er­wise go to waste will soon be used by data sci­en­tists, com­pa­nies train­ing ma­chine-learn­ing al­go­rithms and more. Golem had an ICO in Novem­ber, and its to­kens have al­ready ap­pre­ci­ated 4,425%.

ethereum Net­work

Com­put­ers sup­port­ing the ethereum net­work, called min­ers, com­pete to solve a com­pu­ta­tion­ally in­tense math prob­lem. The first to solve it wins the “block re­ward,” which con­sists of newly minted coins (cur­rently 5 eth/block, or $1,350). The win­ning miner adds a new block of trans­ac­tions to the ledger.

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