Gridcoin

Gridcoin (ticker: GRC) is an open source cryptocurrency which securely rewards volunteer computing performed on the BOINC network,[5][6][7][1] a distributed computing platform that is home to over 30 science projects spanning a range of scientific disciplines.

Gridcoin
Gridcoin Logo
Denominations
PluralGridcoins
CodeGRC
Precision10−8
Subunits
 1⁄100000000halford
Development
Original author(s)Rob Halförd[1]
White paperGridcoin: The Computation Power of a Blockchain Driving Science & Data Analysis
Implementation(s)Gridcoin-Research
Latest release5.3.3.0 / February 27, 2022 (2022-02-27)[2]
Code repositorygithub.com/gridcoin-community/Gridcoin-Research
Development statusActive
Project fork ofBitcoin, Peercoin[3]
Written inC++
Operating systemWindows, Linux, macOS
Developer(s)Gridcoin Community
Source modelOpen source
LicenseMIT License[3]
Websitegridcoin.us
Ledger
Timestamping schemeProof-of-stake
Block reward10 GRC[4]
Block explorergridcoinstats.eu/block

It was created on October 16, 2013 by Rob Halförd. Gridcoin, like Peercoin, uses a proof of stake protocol which attempts to address and ease the environmental impact of cryptocurrency mining, as compared to the proof of work system used by Bitcoin.[8][1]

The implementation Gridcoin-Research was created as a fork of Bitcoin and Peercoin and is licensed under the MIT License.[3] It uses Qt 5 for its user interface[9] and prebuilt executables of the wallet are distributed for Windows, MacOS, and Debian.[2]

References
  1. Hijfte, Stijn Van (6 July 2020). Blockchain Platforms: A Look at the Underbelly of Distributed Platforms. p. 145. ISBN 9781681738925. Archived from the original on 11 May 2021. Retrieved 4 May 2021.
  2. "Releases - gridcoin-community/Gridcoin-Research". Retrieved 22 March 2022 – via GitHub.{{cite web}}: CS1 maint: url-status (link)
  3. "License on Github". GitHub. Archived from the original on 13 October 2019. Retrieved 14 June 2020.
  4. "Network Blocks". Gridcoinstats. Archived from the original on 14 June 2020. Retrieved 31 October 2020.
  5. 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. S2CID 6852894.
  6. Kent, Peter; Bain, Tyler (2019). Cryptocurrency Mining For Dummies. Wiley. p. 320. ISBN 9781119579472.
  7. Elena Guerrero-Roldán, Ana; Baneres, David; Elena Rodriguez, M. (2020). Engineering data-driven adaptive trust-based e-assessment systems : challenges and infrastructure solutions. Cham, Switzerland: Springer International Publishing. p. 144. ISBN 9783030293260.
  8. "Bitcoin mining likely uses more energy than it takes to keep New Zealand's lights on". 12 December 2017. Archived from the original on 8 January 2021. Retrieved 4 May 2021.
  9. "Gridcoin-Research/build-unix.md at development · gridcoin-community/Gridcoin-Research". GitHub. Retrieved 21 July 2021.
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