Cryptocurrency Q&A
What blockchain is Golem on?
What blockchain is Golem on?
MysterylitRapture
Sat Jun 29 2024
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5 answers
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Could you please elaborate on the blockchain technology that Golem is utilizing? I'm curious to understand the specific platform or network that powers this decentralized supercomputer network. As a professional in the field of cryptocurrency and finance, I'm aware of the various blockchains and their unique characteristics, but I'm not entirely sure which one Golem has chosen to build upon. Understanding this aspect is crucial for evaluating the project's potential and its place within the broader cryptocurrency and decentralized technology ecosystem. Thank you for clarifying this important detail.
5 answers
Sara
Mon Jul 01 2024
Golem utilizes the Ethereum blockchain as the foundation for facilitating transactions in its native token, GNT.
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Maria
Sun Jun 30 2024
This choice is rooted in Ethereum's ability to offer a decentralized and trustless payment platform.
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KimonoElegance
Sun Jun 30 2024
By leveraging the blockchain, Golem ensures that transactions between requestors and providers are secure, transparent, and immutable.
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Chiara
Sun Jun 30 2024
The Ethereum blockchain's smart contract functionality allows for the execution of agreements between parties without the need for a trusted intermediary.
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Bianca
Sun Jun 30 2024
As a result, Golem is able to provide a peer-to-peer marketplace for computing power, where users can rent or lend their computing resources securely and efficiently.
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