
Golem (GLM)
Key data
updated $0Golem (GLM) is a cryptocurrency that powers a decentralized marketplace for computing power — think of it as Airbnb for idle computers. People who need extra processing muscle for tasks like rendering graphics or running scientific computations can rent it directly from others who have spare capacity, and GLM is the token used to pay for those services.
Frequently asked questions
What is Golem and how is it different from other cryptocurrencies?
Golem is a decentralized computing network where users rent out unused CPU/GPU power to those who need it. Unlike many coins that are purely payment or store-of-value assets, GLM has a concrete utility: it's the currency used to buy and sell computing resources on the network.
How does Golem work technically?
The network connects providers (who share computing power) with requestors (who need it), matching tasks like 3D rendering or machine learning workloads to available machines. Golem runs on the Ethereum blockchain, which handles payments and transaction records, while the actual computation happens off-chain on providers' machines.
How is GLM supply and emission structured?
GLM has a hard cap of 1,000,000,000 coins, meaning no more than that will ever exist. The token was migrated from the older GNT token at a 1:1 ratio, and the fixed maximum supply makes inflation from new issuance a non-issue.
How can I store and use GLM?
Since GLM is an ERC-20 token on Ethereum, any wallet that supports Ethereum-based tokens works — MetaMask, hardware wallets like Ledger or Trezor, and most multi-asset wallets. You can use it to pay for computing tasks on the Golem network or trade it on major cryptocurrency exchanges.