Gridcoin (Ticker: GRC) is a decentralized, open source math-based digital asset (cryptocurrency), kind of like Bitcoin, but also very different.
Gridcoin was the first digital currency that delivered a working algorithm that equally rewards BOINC (Berkeley Open Infrastructure for Network Computing) scientific work.
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’s 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..
Here is a list of exciting BOINC projects where you can use your graphics cards and are also eligible for Gridcoin rewards:
Gridcoin came into existance in 2013. Since then, team Gridcoin has become the top Boinc team in the entire world, doing close to 200,000,000 credits in daily scientific work, spread out over 30+ Boinc projects:
How does Gridcoin actually work?
Why is BOINC volunteer computing so important?
David Anderson is co-creator of SETI@home – the project that looks for alien signals in space – and the Director of BOINC. He explains why citizen science projects and volunteer computing is important for society and the advancement of science:
What is the purpose of this campaign?
The purpose of this Thunderclap campaign is to raise awareness about BOINC scientific computing and digital currencies like Gridcoin, which gives volunteers and newcomers a monetary incentive to contribute to science with hardware at their disposal.
Boinc computing uses up sizable amounts of electricity on a monthly basis and generous volunteers across the world usually pay for this cost from their own pockets. Gridcoin provides a way for Boinc volunteers to recoup their monthly power costs and be part of a growing and exciting digital economy.