Talk:Gridcoin

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This article was nominated for deletion. Please review the prior discussions if you are considering re-nomination: Keep, 17 November 2018, see discussion. delete, February 19 2015, see discussion.

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This article has been mentioned by a media organization: "Just Like Bitcoin Before It, Cardano Is Banned From Wikipedia". Cointelegraph could not find a Wikipedia article for SpankChain (SPANK). Other projects like Dogecoin (DOGE), GridCoin (GRC), and PotCoin (POT) do have one, however. Most of the top ten projects, including Bitcoin Cash (BCH), have one too.

Here are some book sources on Gridcoin,

Gridcoin is another coin based on a different distributed computing project, but this time using the BOINC (no, it's not a joke) distributed-computing project. BOINC uses spare computing resources (and, through Gridcoin, computing power being employed for mining) to help with a variety of science-research projects that investigate diseases, study global warming, discover pulsars, and do many other things. ^[1]

A software with similar goals, but directly focused on science, is Berkeley Open Infrastructure for Network Computing (BOINC). Participants can install BOINC in their computers and contribute with the resources to scientific projects, such as SETI@Home or Einstein@Home. Gridcoin has been created in order to give incentives to the participants using BOINC.^[2]

Gridcoin has a unique approach to blockchain technology as it focuses on crowdsourcing of calculations for the scientific community. It was published on October 16, 2013 by Rob Halford and was contructed in such a way that proof of research is applied. Participants in the network are rewarded based on their computation contribution to science on BOINC (Berkeley Open Infrastructure for Network Computing). Similar to Peercoin, Gridcoin also makes use of a proof of stake validation scheme so that it may become more ecofriendly than the Bitcoin network. ^[3]

--Frybread (talk) 08:48, 11 June 2021 (UTC)[reply]

Thanks for the references I've added them. Nathanielcwm (talk) 14:01, 21 July 2021 (UTC)[reply]