case study: how coins work
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%.
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.