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What is Gridcoin?
If you've never heard of Gridcoin, it's a cryptocurrency that securely rewards BOINC computation (31 supported projects such as attempting to solve Cancer/AIDS/Ebola/Malaria, mapping the milkyway, folding proteins, cracking enigma codes, etc) on top of Proof of Stake. BOINC statistics are gathered directly from the project servers & all nodes agree on a daily superblock containing verified team statistics.
What is BOINC?
BOINC is a program that enables people to donate spare computing power to science projects requiring massive computational resources, with the goal of: curing diseases, studying global climate change, discovering pulsars, finding more efficient energy cells, and many other types of scientific research.
Originally developed to support the SETI@home project, it became generalized as a platform for other distributed applications in areas as diverse as mathematics, linguistics, medicine, molecular biology, climatology, environmental science, and astrophysics, among others. BOINC aims to enable researchers to tap into the enormous processing resources of multiple personal computers around the world.