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05 December 2020

Golem, one of Ethereum's first ICOs, just announced its migration to ERC20

Golem, one of Ethereum's first ICOs, just announced its migration to ERC20


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Golem, one of Ethereum's first ICOs, just announced its migration to ERC20.

Its token will now change from the current Golem Network Token (GNT) to GLM, an ERC20 compliant Ethereum standard.

This allows an individual possessing a high-end computing system, such as a gaming laptop, to profit from other users by renting out its GPU/CPU cycles for anything from CGI rendering to training neural nets.

Users who share their computing power with the Golem network were rewarded with GNT.

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