What kind of currency is GLM coin? GLM coin price latest trend

What is GLM coin?

Golem is a decentralized computer computing power rental platform built on the Ethereum platform. Whether the user provides an idle home computer or several large data centers, they can be added to the Golem platform. The Ethereum-based trading system is applied to the Golem platform to settle the income of computing power providers and the fees paid by users. On November 19, 2020, GNT changed its name to GLM. The goal of GLM is to allow anyone around the world to share their computer computing power with each other, thereby promoting scientific research and business innovation. At the same time, GLM provides a safe and convenient communication platform for computing power providers and users.

The main features of Golem are: P2P computing power network, reputation rating system, computing power trading system, and task calculation execution. People can also foresee that there must be a payment system, which is designed based on Ethereum. Matching computing power requesters with computing power suppliers, "nanopayment" micropayments are executed by Ethereum smart contracts.

Golem plans to support multiple programming languages, allowing developers to integrate the protocol with a variety of applications

As long as computing tasks can be distributed on the Golem network, then no computing task will be problem. This will open up exciting opportunities in many industries, from science to business, art and even the stock market. Machine learning (artificial intelligence) can also benefit greatly from this concept if developers can lead the project in the long term.

The latest market price of GLM currency

＄0.67 ≈ ¥4.3

##What is the future market situation of GLM currency

About For investors, GLM coins have certain investment value. However, it should be noted that the price fluctuations in the digital currency market are very violent and there is great uncertainty. The price of GLM coins can be affected by the growth and usage of the Golem network. As more users and partners join the network, demand and use cases for GLM coins will increase. According to various factors in the market, such as policy regulations, market demand, competitor dynamics, etc., investors need to pay close attention to market dynamics and adjust investment strategies in a timely manner. At the same time, various factors in the market may have an impact on the price of GLM coins, and investors need to pay close attention to market dynamics and adjust investment strategies in a timely manner.

Golem should be the first released blockchain application platform for computing resource sharing. The sharing of its strength is nothing new. Amazon, Google, Alibaba, and Tencent all have their own cloud computing services. They all share computing resources, but in a very centralized way. There are many differences between the centralized approach and the decentralized approach in terms of users’ vital interests. Let’s take a look at them together. There are many differences in the vital interests of users under the centralized approach and the decentralized approach. In the centralized approach, users only purchase the computing power of the cloud server but cannot obtain the actual physical resources of the server. In this approach, users can only rely on the computing resources provided by the cloud service provider. In a decentralized manner, users can directly use the computing power provided by the blockchain platform, and can also share their computing resources with other users. In this way, users can use their own computing resources more flexibly, and at the same time, they can also obtain computing resources shared by other users. This

centralized approach generally has a single bad point. Some time ago, Amazon's cloud service caused many websites that used the service to go down due to operational errors by employees. In this case, even if financial compensation is given, the negative impact on users will be difficult to eliminate. There is generally no single bad point in a decentralized approach.

The centralized approach has the problem of leaking privacy. Business is profit-driven. When something is profitable and the cost is not high, it will almost certainly happen. It is not a high-cost matter for centralized services to snoop on, use or even directly sell user data. It has been proven that many centralized service providers are doing this. A decentralized approach, through point-to-point encryption and open and transparent joint supervision, can effectively prevent this situation from happening.

Decentralized computing power sharing will reduce the cost for users to use cloud computing services. Imagine that when decentralized distributed computing services mature, many people will tokenize and share their computing resources. This is equivalent to an increase in the supply of computing power. If the demand does not change much, the price will inevitably decrease. In addition, the current oligopoly situation in the field of cloud computing has also led to higher costs for users to use the service, because the supply side has a strong voice and shares most of the benefits. Distributed cloud computing promises to break this.

GLM Coin Exchange Recommendation

1. Binance binance

Binance (Binance) exchange is a global cryptocurrency exchange, serving North America, Europe, Taiwan, It provides more than 600 cryptocurrencies in 180 countries and regions including the Middle East, Hong Kong and Malaysia, and has 120 million registered users around the world. Since 2018, Binance has been considered the world’s largest cryptocurrency exchange in terms of trading volume, with a 24-hour trading volume of US$76 billion.

Inventory: Founder Zhao Changpeng and his old employer Okcoin have been having constant disputes. They were not optimistic at first, but later they found that the performance of the platform was quite impressive!

2. Ouyi okx

OKX is the world's top two virtual currency trading and Web3 platform, providing Bitcoin (BTC), Ethereum (ETH), USDT, Shiba Inu (SHIB), Ripple XRP, Dogecoin (Doge), etc. to global users. Cryptocurrency and derivatives trading services for virtual currency assets, allowing you to conveniently and quickly manage investments in cryptocurrencies and other assets.

Inventory: OuYi’s trading volume, number of currencies, and security are among the best in China, and its handling fees are also low.

3. Huobi.com

Huobi Global Professional Station is an innovative digital asset international station under Huobi Group that serves professional trading users around the world. It is committed to discovering high-quality innovative digital asset investments. Opportunity currently provides trading and investment services in more than 40 digital asset categories. It is headquartered in Singapore and is operated by the Huobi Global Professional Station team. Huobi Group is a globally competitive and influential comprehensive digital asset service provider, providing high-quality services to millions of users in more than 130 countries. It has independent trading business and operation centers in Singapore, Hong Kong, South Korea, Japan and other countries and regions. Huobi Group is in a leading position in the world in terms of technology platform, product lines, security risk control system, operation and customer service system.

Inventory: It has set the highest record for global Bitcoin trading platforms and is one of the largest Bitcoin trading platforms in the world.

4.Open Sesame gate.io

Gate.io was established in April 2013 with the Chinese name "Open Sesame". It was formerly known as China's "Biter" exchange. The founder is a technology Dr. Han Lin, who was born. The original intention of Gate.io was to "find a safe trading place for everyone who believes in Bitcoin". This idea has been implemented in the development of Gate.io. After the tightening of regulatory policies in 9.4, Gate.io left China and has been developing overseas. Recently, it has also entered Southeast Asian markets such as Taiwan, Malaysia, Indonesia, Singapore, and South Korea. Gate.io is currently headquartered in the British Cayman Islands and provides fiat, spot and derivatives trading of cryptocurrencies to more than 4 million users from more than 130 countries. The official claims to provide 100% margin audit proof, authentic and transparent crypto asset trading services.

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