Golem Network has launched an app that allows users to mine Ether (ETH) on their laptops, but it could be a long time before riches can be reaped. The decentralized computing resources sharing platform released the Thorg app that allows users to mine Ether on Windows-based PCs and laptops. The app runs in the background and harnesses unused computing power to process the calculations required for proof-of-working mining. Users are rewarded in Golem’s native GLM token, however, and not ETH. The system runs on layer-two aggregator Polygon, which alleviates any heavy transaction fees associated with the ERC-20 GLM token. It …

The decentralized computing power-sharing network Golem has partnered with software firm Allchemy for a program exploring the origins of life on Earth. The program, called LIFE@Golem, harnesses Golem’s computing power in an attempt to recreate billions of chemical reactions and molecular bonds to trace how the first forms of life could have started on the planet. Working with Allchemy — no apparent connection to blockchain developer Alchemy — Golem’s infrastructure makes it possible to simulate far greater numbers of molecules. “Although research in this arena is decades-old, it has never been conducted on similar scales, boosted by a state-of-the-art computerized …

Over the past few weeks, the price of Golem's GLM network token saw a strong rally that pushed the token to a three-year high at $0.65. The altcoin also underwent a strong pump on Feb. 19, but most of the gains evaporated as Bitcoin (BTC) corrected below $45,000 during the past three days. Nevertheless, GLM still holds a 230% gain in February alone. Golem is an Ethereum-based decentralized application that enables users to rent out computing power resources. Since November 2020, the project has been migrating from GNT to GLM tokens after deploying a new ERC-20 contract. Although most exchanges …

Decentralized computing power-sharing network Golem released a new version of its network. Golem announced the alpha release of the new Golem network, which focuses on easing application development. “As we have been mentioning in our communications over the last few months, we have made use of all the experience we had gathered while developing and running Brass and then Clay Golem. We spent countless days and nights thinking about how we could address what’s most important to our users and for the future of Golem and arrived at a strong vision of what we want to build.” The update runs …

Decentralized CPU-sharing network, Golem, published its research into a Proof of Device, PoD, mechanism for user authentication, June 5. While still a proof of concept, the research outlines a method by which users can automatically validate their hardware, proving identity in an anonymous yet trusted manner. Necessity is the mother of invention The research stems from Golem’s need to secure its own permissionless, anonymous network against Sybil attacks. It considered whether something could be implemented using Intel’s Software Guard Extensions, or SGX, which are instructions built into modern CPUs. When a suitable concept was devised, Golem realized that its applications …

In a recent Reddit ask-me-anything (AMA) Gregory Bowman, Folding@Home’s (F@H) director, revealed that the project currently has 400,000 computers actively contributing to research. “We had about 30K users before the pandemic started,” he stated, adding: “In the past two weeks, 400K volunteers have joined Folding@home.” The number of F@H donors has increased 1200% in four weeks Folding@Home is a platform that diverts donations of spare computational power toward medical and scientific research. On Feb. 27, F@H announced an initiative to harness a global computer network to contribute work towards pharmaceutical drugs to combat COVID-19. F@H also designates computing power for …

Decentralized CPU power developer Golem is spinning off a new entity using funds of the original capital raised in its crowdfunding back in 2016 In a blog post on June 28, Golem Factory CEO Julian Zawistowski announced the launch of a new division called the Golem Foundation, which will purportedly allow Golem to expand its solutions and “potentially increase the value of the entire project.” The Golem Foundation intends to develop some new approaches for its Golem Network Token (GNT), Zawistowski wrote in the post, adding that the initiative includes testing some “new hypotheses,” which envisions an “even better use” …

While it is true that humankind put a man on the moon using the computing power equivalent to a modern programmable calculator, there are many great things that still don’t happen because the computational power is scarce and expensive. High-performance computing is still a closely guarded secret weapon of the rich and privileged. Large banks and traders use proprietary algorithms for automated trading, movie makers create impressive special effects, pharmaceutical companies research new drugs and enormous mining farms generate Bitcoin wealth from the thin air. The future seems already to be here, but not for everyone. And, at the same …