The CEO of Golem, Zulian Zawistowski, has recently stated that Ethereum is the most promising blockchain platform in the crypto sector and that no other blockchain protocol comes remotely close to its potential and applicability.
If you are hearing about Golem for the first time, you should know that it is a smart contracts-based decentralized supercomputer and the 47th largest cryptocurrency with around $387 million in market valuation. Golem was recently introduced to the South Korean market with the support of Bithumb which is the country’s biggest cryptocurrency exchange.
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.
Zawistowski currently leads the development and commercialization of Golem. Recently, he stated that the development team at Golem has been building applications on top of the Ethereum blockchain network since the early days. As he said:
“Ethereum is by far the most promising platform and we cannot see another one that’s remotely close to it. Of course we would like to interact with the blockchain more and once Ethereum scales we will be able to do it in a wider manner. We have been supporting and building on top of Ethereum since its very early days. In fact, we realized that Golem would be possible to be built and work on Ethereum and thanks to Ethereum,”
What’s most important is the fact that Ethereum has been leading major developments in Sharding and Plasma which are two technologies that are expected to increase the capacity of public blockchain networks in the long run. The recent updates on Ethereum such as Proof-of-Stake (Casper), Sharding and Plasma are all proof that the second largest cryptocurrency has evolved into a dominant blockchain network.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]