Golem (GNT) is a peer-to-peer decentralized marketplace for computing power. The project aims to be an alternative to centralized cloud service providers with its lower price point and open-source community of developers. The Golem network pools global computing power and enables users to access these resources with GNT.
Token holders pay resource owners to complete tasks requiring computational resources. The network is composed of the aggregated power of user devices. Golem is reportedly able to compute tasks that run the gamut from CGI rendering to machine learning. Transactions between participants are deemed to be safe because computations take place in sandbox environments that are sequestered from hosts’ systems.
Best 5 Wallet For Storing Golem
1. Ledger Nano S (Hardware Wallet)
When security is the top concern a hardware wallet is your best choice, and the Ledger Nano S is one of the most secure and most popular hardware wallets available. You can’t choose a more secure wallet for storing your GNT coins than a hardware wallet, and the Ledger Nano S is an excellent choice for a hardware wallet.
2. Jaxx (Multiple Devices)
Jaxx is a multi-coin wallet with both desktop and mobile options, and it’s another good choice for anyone looking to securely store their GNT tokens. It was recently updated and is now called Jaxx Liberty, and it can store more than 85 different cryptocurrencies, with more being added all the time.
Having been launched in 2014, the Jaxx wallet has been downloaded millions of times, and it’s a top choice for many cryptocurrency enthusiasts thanks to the wide range of coins it can store, and because the Jaxx team continues to improve the wallet.
3. Exodus Wallet
The Exodus wallet is widely recognized as one of the best multi-currency wallets available from a user interface perspective. It’s just downright beautiful to look at.
And desktop wallets are quite safe, especially if you’re safe in your internet browsing behavior.
The Exodus not only supports storing GNT, it also supports nearly 100 other cryptocurrencies, and the team behind Exodus is adding more all the time. Plus you can quickly exchange your coins using the built in ShapeShift integration.
MyEtherWallet, also called MEW, is an open-source tool that was released in 2015 as a tool to easily and securely create Ethereum-compatible wallets. It has become increasingly popular alongside the growth in popularity of Ethereum, which is the third largest cryptocurrency by market capitalization. If you’re looking for a simple and flexible solution for storing Ethereum –compatible tokens, like the Golem GNT token, then MEW is going to be an excellent solution for you.
5. MetaMask Wallet
MetaMask is a browser plugin that works with Firefox, Opera, Google Chrome, or the BAT Brave browser. You can install it like any other plugin and it takes just a minute or so to install and setup MetaMask. In addition to acting as a wallet for Ethereum and ERC-20 compatible tokens, it is a complete way to access and interact with the Ethereum blockchain.
Tips for securely storing your Golem
- Do your own research. Before sending any coins or private data to a wallet, make sure you have researched the wallet provider to make sure everything is above board. Keep an eye out for scam wallets, such as those using URLs only slightly different to the URLs of legitimate wallet providers, and check out some independent reviews for all the pros and cons.
- Back it up. Make use of your wallet’s back-up and restore facility so that if something ever goes wrong with your wallet, you’ll be able to recover your funds.
- Set a strong password. Now is not the time to be lazy when creating a password; take your time to create a strong and uncrackable code.
- Make use of all available security features. Make the most of all the security features your wallet offers, such as two-factor authentication or multi-signature transactions. It’ll offer increased protection for your funds and greater peace of mind for you.
- Update your antivirus software. Take care to regularly update the antivirus protection and anti-malware software on any device you will be using to access your wallet.
- Keep your private keys private. Last but not least, don’t underestimate the importance of your private keys. Store them somewhere safe and don’t share them with anyone else.