Golem to Release Reputation System Upgrade
Golem will upgrade reputation system. The new feature, known as AgreementSelector, is designed to identify the most efficient providers for tasks, thereby increasing speed and success rates.
The upgrade has resulted in tasks being completed at a much faster rate, with benchmarks showing a reduction in time from 79 seconds to just 48 seconds. In addition, users can now fine-tune their selection process by prioritizing factors such as uptime, success rate, and CPU performance.
Refer to the official tweet by GLM:
Golem Network@golemprojectMar 13, 2024The Golem #ReputationSystem just got a major upgrade! AgreementSelector identifies the absolute BEST providers for your tasks, maximizing speed and success rates.
What it means for you:
âš¡ï¸ Blazing-Fast Tasks: Finished our benchmarks in record time (from 79 seconds previously to… pic.twitter.com/v125bC6qOY
GLM Info
Golem is a decentralized computing platform that operates as an open-source, peer-to-peer marketplace for computing resources. It allows users to exchange computing power for GLM tokens, leveraging idle computing resources across its network.
The operational mechanism of Golem involves breaking down tasks into smaller subtasks and distributing them across multiple providers for parallel processing. This method enhances efficiency and accelerates the completion of complex computations. Golem serves as a decentralized market for computing power, functioning as both Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS), with the addition of dedicated software integrations through the Application Registry and customizable payment mechanisms via the Transaction Framework.
GLM is required for conducting transactions, including payment for computations. Requestors bid in GLM for computing tasks, while Providers earn GLM by completing these tasks for Requestors.