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GridCoin (GRC) is a coin with a mission - to compensate miners for participating in BOINC projects. The coin is a scrypt altcoin with difficulty retargetting every 30 minutes - a 2.5 minute block target and a hard cap of 168 million.
Gridcoin introduces a Proof-of-Research algorithm that gives computers something productive to do. Instead of racing to solve meaningless equations, Gridcoin miners Researchers work on problems such as finding cures to diseases, mapping genomes, or climate studies, and are compensated for their work. Gridcoin is not limited to any one program, algorithm, or type of hardware. BOINC supports Windows, Mac OS X, Linux, and Android.
Genesis Date: 2013-03-11