Introduction to Providers on the Golem Network
The Golem Network is an innovative, peer-to-peer platform, reshaping the landscape of computational power sharing. At its core are two primary actors: requestors and providers. Here, we focus on the latter, the backbone of the network's resource distribution.
What is a Provider?
A provider is an entity that contributes computational resources to the Golem Network. These resources are not limited to heavy-duty servers or specialized hardware; in fact, almost any internet-connected computer can serve as a provider, whether it's a personal laptop, a desktop, or a server machine.
How Does it Work?
The magic starts when a provider runs a piece of code known as a provider agent, which adheres to the Golem network protocol. This code effectively transforms the machine into a Golem node, ready to offer its idle resources to those in need.
Exchange of Value
Providers play a crucial role in the network's ecosystem by sharing their processing power. In return, they receive compensation in the form of GLM, the native token of the Golem Network, thus creating a decentralized marketplace for computational power.