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Rewarding Scientific Distributed Computing

What is Gridcoin?

  • Gridcoin (Ticker: GRC) is a decentralized, open source math-based digital asset (crypto-currency). It performs transactions peer-to-peer cryptographically without the need for a central issuing authority. It is the first block chain protocol that delivered a working algorithm that equally rewards and cryptographically proves solving BOINC (Berkley Open Infrastructure for Network Computing) hosted work, which can be virtually any kind of distributed computing process (ASIC/GPU/CPU/Sensor/Etc).
  • Gridcoin provides benefits to humanity through contributions to scientific research. It is the only crypto-currency that rewards individuals for BOINC contributions without the need for a central authority to distribute rewards.

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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 it's 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.
  • The BOINC RAC system has existed for many years and has proven uncheatable.
  • 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 2 superblocks per day to track all boinc stats and register new users.
  • Read more about DPOR
leccy
Decentralized Voting
  • The Gridcoin client has inbuilt decentralized voting & plans to expand on blockchain based voting systems.
  • A detailed guide to the voting system can be foun here.
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!
  • You can find the whitelist here.
science
HELP ADVANCE SCIENCE
  • With gridcoin, not only will you be rewarded with GRC - you'll be helping to solve some of humanity's biggest problems such as disease, cancer, 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.
  • See how spare computing resources have helped advance science thus far: Project Publications

WHAT IS BOINC?

BOINC is an open-source volunteer oriented computing grid that combines the processing power of all individual users for the purposes of scientific research. Its free, and harnesses the unused clock cycles from processors and graphics cards to aid in curing disease, exploring the mysteries of the universe, and more.

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 SUCCESS STORIES

To see more success stories, check out the BOINC/project publications within the community section.

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