[ICO][Translation] Will crowdfunding face another fiercebattle? The full story of the Golem project is amazing (almost entire whitepaper)



The Golem Project Crowdfunding Whitepaper（Draft v0.9）

Original / Draft v0.9：DraftGolemProjectWhitepaper.pdf(16.10.14) ←This page
Latest / Release Candidate:ReleasecandidateGolemwhitepaper.pdf(16.10.21)

Golem Project Overview

Concept and Core Features

• Golem is the world’s first truly decentralized supercomputer, creating a global marketplace for computer processing. It helps developers distribute software and monetize it with flexible tools, and it brings transformative changes to how computer tasks are organized and processed.

By offering a decentralized microservice ecosystem and asynchronous processing power, Golem will become an indispensable building block for future software development and Internet service providers. By significantly reducing the cost of computer processing, it will make CGI rendering, scientific computations, and machine learning—complex application areas—easily accessible to everyone.

• By connecting computers in a P2P network, Golem enables both the application owners (referred to as requesters) and individual users to utilize resources from other users’ machines (providers). With these resources, tasks requiring any amount of computation or time can be processed.

Today, such resources are supplied by centralized cloud providers and come with various restrictions: closed internal networks, dedicated payment systems, and hard-coded provisioning. Also, for Golem’s functionality, a dedicated Ethereum-based transaction system is crucial, as it enables direct settlements among requesters, providers, and software developers.

• As a core functionality of a decentralized market for computer processing power, Golem can be viewed not only as PaaS but also as IaaS. However, Golem’s true value is realized when specialized software integration enhances its computation formula.

Any involved party can freely develop software and publish it in the application registry to deploy it on the Golem network. Along with the transaction framework, developers can extend and customize the payment system to build their own monetization mechanisms for their software.