GridCoin

GridCoin rewards users for scientific research contributions using PoR. It cannot be mined. GridCoin is currently worth $ 0.01 per coin.

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.

GridCoin price history