Gridcoin is a decentralized cryptocurrency that utilizes blockchain technology. It was developed as a decentralized computing platform that harnesses idle computing resources for scientific research and computation.
Gridcoin aims to incentivize individuals to contribute their computing power towards solving complex problems in areas such as medicine, biology, mathematics, and climate science. This approach is known as "proof-of-research," where participants earn Gridcoin based on the amount of computational work they contribute to these research projects.
The currency was first introduced in 2013 and is designed to be energy-efficient, using a unique hybrid proof-of-stake and proof-of-research algorithm. This algorithm ensures that the network remains secure while also maintaining a balanced distribution of rewards among participants.
For those who want to download the Gridcoin logo, we have
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