Ethereum blockchain which is often lauded for its interface but sometimes pinned down because of its scalability problems is still in good books of CEO of Golem (GNT), Zulian Zawistowski.
During a TNW Answer Session, Mr. Zawistowski was more than happy to share his views on the company’s choice of blockchain platform. Golem said to a question about Ethereum’s scalability issues and whether Golem would consider migrating from it:
“Ethereum is by far the most promising platform and we cannot see another one that’s remotely close to it. Of course we would like to interact with the blockchain more and once Ethereum scales we will be able to do it in a wider manner.”
Golem is now the 46th cryptocurrency in importance by market capitalization. Each Golem token can be bought for $0.46 dollars and it has a market value of $390 million dollars.
Golem is arguably the most ambitious project ever built on Ethereum blockchain platform. It aims to build a decentralized supercomputer by incentivizing users to share the idle computing power lying in their PCs for computing tasks of others. Though similar projects exist in market already, none of them has ambitions as high as Golem.
The project aims to emerge in such a massive network of computing power that it can be utilized for some of the most complex computing tasks like CGI rendering, mathematical problem solving and even artificial intelligence! If a decentralized supercomputer as powerful as that has to be built on Ethereum blockchain, first of all Ethereum needs to reach new highs of scalability.
When another participant asked about why he chose to build Golem on top of Ethereum, he said:
“We have been supporting and building on top of Ethereum since its very early days. In fact, we realized that Golem would be possible to be built and work on Ethereum and thanks to Ethereum.”
Zawistowski to a question related to political and financial involvement of the Golem network, answered,
“In an ideal setting we would like to see Golem solving and helping various areas, even though AI is very important for us, I think we would stay way from governmental issues”
“We would like to see Golem help medical research and discoveries, run computations for AI that can help urban planning and make a more harmonious world”
Ethereum has recently been working to increase the stability of its platform with solutions like Sharding and Plasma, but since it has emerged in world’s 2nd largest blockchain network it depends on community approval for such big decisions.
At the moment, there are other blockchain networks that are trying to replace Ethereum, or at least be a real competitor to Ethereum’s dominance. EOS, TRON or NEO are starting to offer similar services like ERC-20, and in the future could be widely adopted.
KryptoMoney.com publishes latest news and updates about Bitcoin, Blockchain Technology ,Cryptocurrencies and upcoming ICO’s.
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
