In the past few years, we have seen new and exciting technologies that promise a more decentralized and secure economy. In this article, I have included some of the main players in this developing market.
Golem is an open-source, dogcoin decentralized computer network.
How Golem Works
The Golem Network is a market for computing power, where users can earn from ‘renting’ their machines or by developing and selling software.
Within the network, users renting computing power are called “providers” and users acquiring power are called “requestors.” The requestors use Golem for various purposes, including graphics processing, data analysis, microservices, and machine learning.
The work division means that tasks can be completed simultaneously, thus enabling shorter timelines for projects.
- The cost of doing business is less than cloud-based services.
- Users can be instantly paid for their work with the Golem Network Token (GTM), a token on Ethereum blockchain.
- Golem is building their whole stack from bottom to top, an approach that typically results in great UXs.
IExec is a decentralized marketplace for cloud services focused on blockchain-based distributed applications and affordable, high-performance computing.
Unlike Golem, iExec (since the release of its v1) allows anyone to develop and run applications.
The iExecc Dapp store contains a variety of apps. Considering the experienced team behind iExec, their reason to choose the Dapp pathway is that there’s probably less competition here. After establishing themselves in the decentralized Dapp market, iExec plans on expanding into decentralized computing tasks.
RLC is short for ‘Runs on Lots of Computers,’ and it’s the native token of iExec. There are currently 87 million of the ERC-20 token in circulation.
Ethereum is an open-source, blockchain-based platform that enables users to build decentralized applications. The computations are performed in an isolated environment called Ethereum Virtual Machine that resides in all node connected on the network. The product of the computations is stored on the blockchain.