Gridcoin

Gridcoin (ticker: GRC) is an open source cryptocurrency which securely rewards volunteer computing performed on the BOINC,[4] a distributed computing platform that is home to over 30 science projects spanning a range of scientific disciplines.

Gridcoin
Gridcoin Logo
Ticker symbolGRC
Development
Original author(s)Rob Halförd[1]
White paperGridcoin: The Computation Power of a Blockchain Driving Science & Data Analysis
Implementation(s)Gridcoin-Research
Latest release4.0.6.0-Leisure / October 22, 2019[2]
Code repositorygithub.com/gridcoin-community/Gridcoin-Research
Development statusActive
Written inC++
Operating systemWindows, Linux, macOS
Source modelOpen source
LicenseMIT License[3]
Websitegridcoin.us
Ledger
Timestamping schemeProof-of-stake
Block reward10 GRC
Block explorergridcoinstats.eu/block

Gridcoin attempts to address and ease the environmental energy impact of cryptocurrency mining through its proof-of-research and proof-of-stake protocols, as compared to the proof of work system used by Bitcoin (although it fails to explicitly address the energy cost of computing power).[4][5][6]


References
  1. "Gridcoin GRC Information - Classic in Retirement". CRYPTOCURRENCYTALK.COM. Retrieved 14 June 2020.
  2. "Releases - gridcoin-community/Gridcoin-Research". Retrieved 24 October 2019 – via GitHub.
  3. "License on Github". GitHub. Retrieved 14 June 2020.
  4. Dong, Zhongli; Lee, Young Choon; Zomaya, Albert Y (2015). "Crowdware: A Framework for GPU-Based Public-Resource Computing with Energy-Aware Incentive Mechanism". 2015 IEEE 7th International Conference on Cloud Computing Technology and Science (Cloud Com). p. 266. doi:10.1109/CloudCom.2015.73. ISBN 978-1-4673-9560-1.
  5. Chohan, Usman. "Environmentalism in Cryptoanarchism: Gridcoin Case Study". SSRN Electronic Journal. Jan 2018. doi:10.2139/ssrn.3131232. Retrieved 8 October 2018.
  6. Tirone, Jonathan (10 Jan 2018). "A Prime Number Could Be the Answer to Bitcoin's Power Problem". Bloomberg. Retrieved 7 Oct 2018.
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