Golem’s network works as a peer-to-peer network built on the Ethereum blockchain that has no central server. Users can rent unused GPU/CPU and get paid in GNT-Golem’s token.
Last year was a great year for Golem and its team. They announced the opening of the GitHub public repository in August 2017, and later in October, the team developed the Brass Golem rendering application which was the first use-case known. In November, Golem made partnerships with Friend Software Corporation which really improved they user base.
Golem already has some great partnerships and this is one of the reasons why it’s expected to reach the stage of an early-stage venture. Many companies want to start building on top of Golem’s infrastructure which is great news for the price of Golem. They are, however, experience some technological challenges and because of this, they will need a little longer time and resources to finish them. Despite the challenges, Golem has a lot of reasons to stay optimistic.
Golem is capable of solving difficult mathematical problems and processing complex computations by using the computing power of its user computers, machines as well as data centers. On the Golem protocol, each user is incentivized to lease their computing power to individuals and businesses in need of massive computing power to carry out the intensive tasks such as CGI rendering. Golem also lets users share and monetize their computing power. It is popular for its role in computing-processing power that enables machines globally to interact with each other. That means that all other excess computing power will be saved and later used by scientist and training for algorithms and much more.
Two Miners Reportedly Executed A 51% Attack On Bitcoin Cash (BCH) Blockchain
“When the unknown miner tried to take the coins themselves, http://BTC.TOP & http://BTC.COM saw & immediately decided to re-org & remove these [transactions] TXs, in favor of their own TXs, spending the same P2SH coins, + many others … So just 2 miners, in secret & w/ no trouble, took it upon themselves to remove 2 blocks w/ another’s TXs, & replace with their own," Swann tweeted.The two miners and their attack are a topic shared by many best cryptocurrency news sites. However, 51% attacks have always been considered unethical, undesirable and unprofitable option to take away funds as it would require a massive amount of computing power and because of the fact that users would flee. According to other stats on Coin.Dance relevant to the two miners, BTC.top and BTC.com control 43% of the Bitcoin Cash mining pool together. Meanwhile, this is not the only mining attack featured in the coming altcoin news. Previously, the Ethereum Classic (ETC) blockchain experienced a 51% attack in January, resulting in a loss of 54,200 ETC.
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Galaxy Digital ‘Bank’ Cashes Out Of Block.one Investment With 123% Profits
“The acceptance of Block.one’s tender offer reflected a decision to rebalance the portfolio to maintain an appropriate level of diversification after the position increased due to its substantial outperformance relative to the remainder of the portfolio,” Novogratz then said.As the filing shows, Galaxy Digital Bank can attribute much of this loss to its principal investing and trading businesses, presumably due to the fact that November and December saw Bitcoin and many other coins falling to fresh lows, as the altcoin news showed. The filing notes that Galaxy Digital Bank is primarily founded by Novogratz's wealth, 20% of which is purportedly invested in Bitcoin and Ethereum. Even though the company lost $272.7 million in all of 2018, much of the losses were incurred as a result of sale of cryptocurrency. One Twitter analyst also went in detail on this. https://twitter.com/zhusu/status/1126394118093950983 However, this is not the end of Novogratz & co. The report revealed that as 2018 ended, Galaxy Digital Bank owned $350 million of assets, 50% of which constituted equity/stake in prominent industry startups. More importantly, Galaxy Digital announced the launch of another fund (rumored with hundreds of millions in funding) which will loan out capital to cryptocurrency firms - a business which has boomed during the 2018 bear market - as the latest cryptocurrency news show.
Crypto Market Retreat: $14 Billion Wiped Out Overnight
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