This page uses content from Wikipedia and is licensed under CC BY-SA.

Gridcoin

Gridcoin
Grc universe logo.png
Denominations
Subunit
10−3milligridcoin
SymbolGRC
 milligridcoinmGRC
Demographics
Date of introduction16 October 2013; 5 years ago (2013-10-16)
User(s)Worldwide
Issuance
AdministrationDecentralized
Valuation
Supply growth6.5% Inflation. 1.5% Interest + 5% Research Payments APR. Approximate circulating coin supply: >395,203,265 GRC
Gridcoin Research
Developer(s)Rob Halförd
Stable release
4.0.0.0-Mandatory / October 18, 2018
Repository Edit this at Wikidata
Written inC++
PlatformWindows, Linux, macOS
TypeCryptocurrency
LicenceMIT Licence
Website[gridcoin.us]

Gridcoin implements a "Proof-of-Research" (POR) scheme, which rewards users with Gridcoin for performing useful scientific computations on the Berkeley Open Infrastructure for Network Computing (BOINC),[1] a distributed computing platform. Gridcoin uses a more energy efficient[clarification needed] proof-of-stake system - although it fails to explicitly address the energy cost of computing power.[1]

Gridcoin attempts to ease the environmental energy impact of cryptocurrency mining through its Proof-of-Research and Proof-of-Stake protocols.[2][3]

References

  1. ^ a b 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.
  2. ^ Chohan, Usman. "Environmentalism in Cryptoanarchism: Gridcoin Case Study". SSRN Electronic Journal. Jan 2018. doi:10.2139/ssrn.3131232. Retrieved 8 October 2018.
  3. ^ Tirone, Jonathan (10 Jan 2018). "A Prime Number Could Be the Answer to Bitcoin's Power Problem". Bloomberg. Retrieved 7 Oct 2018.

External links