Gridcoin

$0.0056271

Rank: 506
-0.30%

Market Cap
$2,323,764.00
Vol 24h
$4,073.15
Coin Calculator
GRC
USD
177.71153639 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 $643.19 15.79% 19 Sep 2018 14:04:23
2 Poloniex GRC/BTC $0.01 $36.48 0.90% 25 Sep 2018 15:59:25
3 C-CEX GRC/BTC $0.01 $28.06 0.69% 19 Sep 2018 13:24:23
4 SouthXchange GRC/BTC $0.02 $18.03 0.44% 19 Sep 2018 13:57:29
5 C-CEX GRC/DOGE $0.01 $0.52 0.01% 18 Sep 2018 20:12:51
6 C-CEX GRC/LTC $0.01 $0.01 0.00% 18 Sep 2018 17:58:07