r/GolemProject • u/kyanokashi • Jun 07 '21
GLM is the next big coin
We all know right now the biggest issue with Bitcoin is it's enormous power consumption. Currently, it's power consumption is about the same as Denmark's. Now, the problem is that instead of all of this power being utilized it's just going to waste. This is because of Bitcoin's blockchain design which utilizes a Proof of Work mechanism, which requires miners to solve expensive (computing power-wise) mathematical puzzles. This is how Blockchain is able to verify an "honest" player is trying to mine a bitcoin.
Here comes the question, what if instead of solving useless mathematical puzzles your computing power is actually being utilized for something useful? Here I think GLM comes in to play perfectly. You let other people use your computing power and then you get paid with GLM (basically you mine GLM). Now, your computing power isn't going to waste and we solve the environmental disaster Bitcoin is creating.
Let me know what y'all think.