The project is concerned with the determination of the three-dimensional forms of proteins in research that can ultimately lead to cure for diseases such as HIV, malaria, cancer or Alzheimer’s disease. The research partners have published more than 35 articles in scientific journals on the basis of research work from this project that promotes knowledge in the fields of health, poverty and sustainability. So far, scientific breakthroughs in cancer treatment and solar energy research have already been made possible. The project distributes millions of small data- and computer-based experiments to thousands of volunteer devices. The network generates approximately 50,000 Gridcoins each day through the Distributed Proof of Research (DPOR) reward mechanism.
RIPPLE BOINC PC
In principle, everyone with his or her private computer can participate and provide the unneeded computing power for research purposes and receives a GridCoin Coin in return. It’s simple: After installing Gridcoin client you can leave your PC perform calculations and receive Gridcoins as a reward.
It is not limited to a program, an algorithm or some kind of hardware. The project is based on BOINC, the Berkeley Open Infrastructure for Network Computing. GridCoin researchers work on problems such as the search for cure of diseases, mapping of genomes or climate studies and are remunerated for their work through the system. GridCoin introduces a proof-of-research algorithm to make more productive use of the computing power of computers. Proof-of-work algorithms such as Bitcoin have the disadvantage that some of the energy is wasted on meaningless equations in the degradation process and transaction processing is increasingly centralized through mining pools.
On its website, they say you can trade Gridcoins at BitSquare, Bittrex, BTSABC, BTSBOTS, Bitshares-Light, C-Cex, HolyTransaction, OpenLedger, Poloniex and RUDEX. This is done through cryptocurrency peer-to-peer transactions without the need for centralized authority to distribute rewards. The GridCoin Coin is paid as a reward to individuals for their contributions to scientific research.
RIPPLE BOINC FREE
GridCoin rewards volunteer computing on the BOINC (Berkeley Open Infrastructure for Network Computing) platform in a decentralized manner on top of proof of stake.īOINC is free and can be used to unlock many digital clock cycles from processors and graphic cards that are extensively used in cryptocurrency mining.
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