Gridcoin 
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Rewarding Volunteer Distributed Computing

What is Gridcoin?

  • Gridcoin (Ticker: GRC) is a decentralized, open source math-based digital asset (cryptocurrency). It performs transactions peer-to-peer cryptographically without the need for a central issuing authority.
  • Gridcoin was the first block chain protocol that delivered a working algorithm that equally rewards and cryptographically proves solving BOINC (Berkeley Open Infrastructure for Network Computing) hosted work, which can be virtually any kind of distributed computing process (GPU/CPU/Sensor/Etc).
  • BOINC is an open-source volunteer oriented computing grid that combines the processing power of all individual users for the purposes of scientific research. It's free, and harnesses the unused clock cycles from processors and graphics cards to attempt to cure cancer/aids/ebola/malaria, map the milkyway, crack enigma codes, etc..
  • Gridcoin rewards BOINC computation using the Distributed Proof of Research (DPOR) reward mechanism, which is a combination of Proof of BOINC (POB) and Proof of Stake (POSv2).
  • Proof of Work (POW) consensus mechanisms are not utilised by the Gridcoin network, making the Gridcoin cryptocurrency network far more energy efficient than any existing POW cryptocurrencies.

How to earn Gridcoin for BOINC computation

Approximately 48,000 Gridcoins are generated each day through the DPOR reward mechanism.

Earn Gridcoin through Proof of Stake

Interest is 1.5% APR

Gridcoin Downloads

GRIDCOIN'S FEATURES

Gridcoin's feature set is constantly evolving and improving, thanks to dedicated developers, a thorough testing team and a great community; below is a brief list of gridcoin's current features.
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PROOF-OF-STAKE
  • Gridcoin Research utilises proof of stake (POS) as its primary distributed consensus mechanism.
  • In Proof-of-Stake, currency is not mined, but rather minted as yearly compound interest.
  • As a mint mechanism Proof-of-Stake uses the stake of the holder itself. The larger a user's stake in gridcoin, the higher the probability that the user will mint a block.
  • Read more about POS
BOINC Logo
PROOF-OF-BOINC
  • When a researcher registers for individual BOINC projects, a cross project ID (CPID) is generated by BOINC and used by Proof-Of-BOINC to securely track BOINC contributions made by GRC Researchers.
  • Read more about POB
POR
DISTRIBUTED-PROOF-OF-RESEARCH
  • Proof of stake (POS) and Proof of BOINC (POB) are tied together by Distributed Proof of Research (DPOR).
  • Thanks to DPOR, Gridcoin no longer relies on a centralized credit checking system (netsoft); instead the client queries BOINC project servers directly & the network agrees on a superblock once per 24 hours to track all BOINC stats and register new users.
  • Read more about DPOR
leccy
Decentralized Voting
Whitelist
BOINC WHITELIST
    Gridcoin has implemented a BOINC project whitelist to prevent shenanigans and improve Gridcoin's network security.
  • The Gridcoin community is looking into creating a thorough whitelisting process; Stay tuned for more info!
  • Read more about the whitelist.
science
HELP ADVANCE SCIENCE
  • With Gridcoin, not only will you be rewarded with GRC - you'll be aiding important research such as attempting to solve cancer/aids/ebola/malaria, mapping the milkyway, folding protiens, finding prime numbers, etc.
  • Even just by using Gridcoin as a currency, you'll be helping establish the Gridcoin economy - ensuring the thousands of BOINC contributors are able to cover electricity costs.
  • Several projects have published publications thanks to the computing resources donated by BOINC.

TYPES OF BOINC PROJECTS

Interested in creating a BOINC project? Perhaps one of the following will suit you?
Volunteer
Volunteer/Non-Profit
Commercial
Commercial/For-Profit
  • Companies: use BOINC for desktop Grid computing.
  • Create a commercial BOINC project (such as a video rendering project), charge customer and distribute pay to BOINC contributors.
DAC
BOINC DAC
  • Create a decentralized autonomous BOINC corporation.
  • Create a decentralized company that anyone can profit from, and anyone can submit relevant work units towards for GRC.
  • Examples: Decentralized storage, virtual worlds/marketplaces, anonymous TOR BOINC projects.

BOINC Project Whitelist

More info on the whitelist.

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