There are well over 600 crypto coins vying for success, all trying to present themselves as the currency of choice to replace bitcoin as the giant of the crypto currency world. The truth, less than 5% of these coins are of any real value, many are purely for scam and will never come to any thing other than a part of the crypto currency exchange. There are some coins however that are contributing to good works, but still lies under the radar. One such coin is Gridcoin.
Gridcoin - A Coin To Be Respected
Gridcoin currently trading on the crypto-currency market at around 0.0000099 btc, which is not much, but the works of this coin far outweigh the value placed on it in the currency market. For me this coin should really be much closer to the value of bitcoin, say no less than a us $100 per coin.
Gridcoin is decentralized, an open source math-based digital asset. It performs transactions peer-to-peer crypto-graphically without the need for a central issuing authority. The coin is the first block chain protocol that delivered a working algorithm that equally rewards and cryptographically proves solving BOINC (Berkeley Open Infrastructure for Network Computing) hosted work, which can be virtually any kind of distributed computing process. Gridcoin use Proof-of-Research (POR) in compensating users for BOINC contributions in science, math, and technology for the benefit of humanity with a variable block reward based on the share of network contribution with 87 second blocks.
BOINC (Berkeley Open Infrastructure for Network Computing)
BOINC is an open-source volunteer oriented computing grid that combines the processing power of all individual users for the purposes of scientific research. It is free, and harnesses the unused clock cycles from processors and graphics cards to attempt to cure cancer/aids/ebola/malaria, map the milkyway, crack enigma codes, etc.
There are many projects that are available at BOINC and anyone can join them, as long as they have some kind of computer hardware, need not be powerful. The Boinc client will only use your computer processing power, when the processor is not busy and will display a graphic simulation as a screensaver
Seti@home
Rosetta@home
Conclusion
Gridcoin is surely a champion among coin and one that has the potential to be huge in the crypto-currency world. It is a coin with real purpose that provide benefit to humanity, helping the works of science that will provide improvement for all our life.