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The Golem Network is a decentralized computation network. Using Golem users can buy or sell computational power from other users in a peer to peer environment. Golem is built using Ethereum smart contracts as a transaction system for nano-payments within the network. Golem Network Tokens (GNT) will serve as a secure medium for all transactions within the Golem Network.
Starting 19 NOV 2020, Golem Network Token is migrating towards an ERC20 token, mainly because New Golem’s transaction framework is built on Ethereum’s Layer 2, and this scaling method requires tokens to be ERC-20.
Migrate your GNT to the new, ERC-20 GLM token - step by step guide and migration options
Try our free Golem Network Token (GLM) portfolio tracker if you want to efficiently keep track of your GLM and other coin/token investments.