Rank: 2394

Market Cap
Vol 24h
Coin Calculator
551.11600992 Gridcoin

Gridcoin is a peer-to-peer open source cryptocurrency, based on the blockchain and built to compensate miners for their participation in BOINC (Berkeley Open Infrastructure for Network Computing) projects. It implements the Proof-of-Research (PoR) algorit hm, and unlike Bitcoin, that secures its network via the energy draining Proof-of-Work scheme, it uses the far more energy-saving Proof-of-Stake system. The creator of Gridcoin is Rob Halförd, and it was launched in October 2013.

This currency aims to influence the environmental impact of mining. Most cryptocurrencies consume a lot of electricity for securing the blockchain. The miners of Grindcoin work on problems that benefit mankind, such as finding the cures for diseases or cl imate studies and receive compensation for their work.

Gridcoin has a unique hybrid consensus algorithm which makes its supply schedule more complex. The inflation rate is 6.5% and is a sum of 5% from research payments for computational effort and 1.5% fro m securing the platform.


# Name Symbol/Pair Price Vol 24h Volume Percent Updated
1 Bittrex GRC/BTC $0.01 $159.48 0.00% 02 Jul 2019 15:46:46
2 Poloniex GRC/BTC $0.01 $36.48 0.00% 25 Sep 2018 15:59:25
3 C-CEX GRC/BTC $0.01 $28.06 0.00% 19 Sep 2018 13:24:23
4 SouthXchange GRC/BTC $0.02 $18.03 0.00% 19 Sep 2018 13:57:29
5 C-CEX GRC/DOGE $0.01 $0.52 0.00% 18 Sep 2018 20:12:51
6 C-CEX GRC/LTC $0.01 $0.01 0.00% 18 Sep 2018 17:58:07

Cookie Policy uses cookies to enhance your experience. By continuing without changing your settings, you agree to this use. To provide the best blockchain and crypto media on the web for free, we also request your permission for our partners and us to use cookies to personalize ads. To allow this, please click "OK". Need more info? Take a look at our Cookie Policy.

OK Cookie Policy