GridCoin
| Last updated | 1 year ago |
| Price per GRC in USD | $ 0.008573198466874 |
| Price per GRC in Bitcoin | 0 |
| Volume over the last 24 hours | $ 6,898 |
| Market cap in USD | $ 0 |
| Change in % over the last hour | 1.30857726 |
| Change in % over the last 24 hours | -1.18544623 |
| Change in % over the last 7 days | 29.09710379 |
GRC specifications
| Name | GridCoin |
| Symbol | GRC |
| Minable | No |
| Algorithm | N/A |
| Prooftype | N/A |
Coin description
GridCoin is a cryptocurrency designed to reward users for contributing computing power to scientific research projects. It operates on a proof-of-research (PoR) consensus mechanism, allowing users to earn GRC tokens by participating in BOINC (Berkeley Open Infrastructure for Network Computing). GridCoin emphasizes sustainability, innovation, and usability.
GridCoin Scientific Research Rewards
GridCoin's platform incentivizes users to contribute their idle computing resources to projects like climate modeling, cancer research, and astrophysics. Its decentralized nature eliminates reliance on centralized funding, fostering collaboration among researchers worldwide. For example, scientists can leverage GridCoin's network to access distributed computing power without high costs.
One of GridCoin's strengths lies in its alignment with academic and scientific communities. By promoting ethical practices, it fosters a more sustainable and equitable economy. Keywords like GridCoin scientific research and proof-of-research are closely tied to this project.