Gridcoin (GRC) is a cryptocurrency that combines blockchain technology with distributed computing power to help scientific research projects. It uses the Proof-of-Research (PoR) consensus algorithm. The aim of Gridcoin is to reward users who contribute their computing resources to projects like medical research, climate modeling, and other scientific computations. These contributions are validated through solutions to complex mathematical problems, known as "work units."
Gridcoin was first introduced in October 2013 as an open-source project and operates on a decentralized network powered by its users. One unique feature of Gridcoin is that it allows users to earn coins not only by mining but also by actively participating in scientific research. This approach encourages users to contribute their computer's processing power towards global scientific advancements.
The Gridcoin network aggregates users' contributions and distributes rewards based on their contributions relative to the total network's computational power. This concept is known as "Proof-of-Research" and is distinct from the typical "Proof-of-Work" or "Proof-of-Stake" consensus algorithms used by many other cryptocurrencies.
Gridcoin has its native wallet, which users can use to store, send, and receive GRC coins. The development of Gridcoin is community-driven, with volunteers actively contributing to its continuous improvement and development.
For those who want to download the Grid logo, we have
compiled a list of all the major cryptocurrencies in PNG and SVG format. Our collection includes logos for Bitcoin,
Ethereum, Litecoin, Ripple, Dash, Monero, Zcash, and many more. All of them are available in PNG format. And if you
want to show support for one of the cryptocurrencies, our collection of logos is at your disposal, including
the Grid logo.