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Golem Network, which facilitates a peer-to-peer market for computing resources just shared an important update.
There is currently a lot of buzz around Golem network amid a bullish crypto market. As the investors are coming back into the space they are also favoring underlooked cryptos which is boosting the growth of this bull market.
About Golem Network
Golem enables users to sell their surplus computing power to others who may not have enough resources to work on complex projects that require significant computational power.
Sellers receive GLM tokens as payment for their services, which buyers on the network pay in exchange for the computing power they rent. The price of these tokens is determined by the amount of computational power rented.
Golem facilitates a peer-to-peer market for computing resources by breaking down tasks into smaller segments so the system can scale appropriately and provide a unique user-driven marketplace. The GLM token serves as the primary store of value on the Golem network and incentivizes sellers to rent out their computing power in exchange for GLM-based payments provided by buyers.
Golem Shares News about Their GPU Beta Testing
Golem is highly active on their Twitter platform and they keep sharing their updates. In one of the recent posts, they shared news regarding their GPU Beta Testing. Golem network posted that they are pleased to share an update on the progress of the GPU Beta Testing Program. Since the original announcement, Golem has been working hard to refine the Golem ecosystem with feedback from the committed beta testers. They also posted an extended big thank you to the initial testers.
They have commenced a new round of beta testing by inviting a chosen group of testers from the waitlist. This is another significant milestone in the quest to establish a decentralized physical infrastructure for open-source developers and AI companies.
The Significant Progress
Golem has made significant progress in refining the GPU Provider on the Golem platform, thanks to the feedback and insights gathered from their beta testers in the first round. Golem Network has successfully addressed several issues, improved performance, and received valuable suggestions for further development.
They want to provide clarity on the invitation process and have decided to organize testers into different rounds based on specific technical criteria. In the second round, invitations have been exclusively extended to those with only one GPU card. Golem will be gradually expanding the invitation to other profiles in subsequent rounds.
Summary
Golem is a platform that allows users to sell their computing power to those who need it. They recently shared an update on the progress of their GPU Beta Testing Program and thanked their initial testers.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos, or other related indexes comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
