Golem (GNT/USD) - World Super Computer - Price analysis

The first Supercomputer was developed 50 years ago to analyze experiments conducted for nuclear research. Since then, humans have been able to build larger, more sophisticated machines to achieve weather forecasting, climate research, oil and gas exploration and molecular modeling. These supercomputers do produce the desired outcomes, however, it does have it’s drawbacks. It requires a large infrastructure to house the machines and is very expensive to build and maintain (Top-of-the-line supercomputers will cost somewhere between $100 to $300 million for the design and assembly of the units. It will also cost $5 to $8 million in annual energy fees).

Thanks to the birth of Blockchain, the second generation of the Internet, it will significantly improve the efficiency of supercomputing. Blockchain technology enables the capability to integrate computational power across systems and thus produce supercomputing that is faster and cheaper.

In the Blockchain world and Cryptocurrency markets, Golem and Elastic are competing in the space of supercomputing. Though they might not be direct competitors, they are both trying to apply Blockchain to supercomputing and create efficiencies in technology that has not been seen before. Let’s take a look at the head to head comparison of Golem & Elastic

-https://cryptocanucks.com/head-head-golem-gnt-elastic-xel/