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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 rewards and cryptographically proves solving BOINC (Berkley Open Infrastructure for Network Computing) hosted work, which could be virtually any kind of computing process.
  • Gridcoin provides benefits to humanity through contributions to computational research. It is the only crypto-currency that rewards individuals for those contributions in an energy efficient way without the need for a central authority to distribute rewards. There are no limitations to a single BOINC project, providing the flexibility to be rewarded for virtually any type of computational process.

QUICK START GUIDE

Wanting to dive right in? It's an easy 4 step process

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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 more stake he acquires the higher is the probability that he will mint a block to himself.
  • Read more about POS
BOINC Logo
PROOF-OF-BOINC
  • To prove their contribution towards BOINC, it's mandatory that researchers install BOINC, registers for whitelisted projects, joins the official Gridcoin BOINC team then begins contributing more than the minimum RAC for reward.
  • 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
PROOF-OF-RESEARCH
  • Proof of stake (POS) and Proof of BOINC (POB) are tied together by Proof of Research (POR).
  • When a researcher generates a reward block, values from both POS & POB are stored in the block header to provide a point of reference and cryptographic proof.
  • Read more about POR
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SCIENTIFIC CONTRIBUTION
  • By creating a mandatory competitive reward mechanism based on contributing the most towards BOINC projects on top of existing cryptocurrency technology, we aim to justify & minimize our carbon production in the form of being the first scientific philanthropic cryptocurrency.
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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