Why mine when you can research?
Gridcoin is a decentralized, open source math-based digital asset (cryptocurrency). It performs transactions peer-to-peer cryptographically without the need for a central issuing authority.
Gridcoin was the first block chain protocol that delivered a working algorithm that equally rewards and cryptographically proves solving BOINC (Berkeley Open Infrastructure for Network Computing) hosted work, which can be virtually any kind of distributed computing process (GPU/CPU/Sensor/Etc).
Algorithm: Distributed Proof-of-Research, Reward based on Research contribution to BOINC secured via Proof-of-Stake
Block time: 90 Seconds
0% pre-mine: Longest distribution schedule for any Proof-of-Stake based coin with an 18 month initial distribution based on Gridcoin Classic
Initial Supply: 340,569,880
Inflation: Inflation target of approximately 6.5% per annum after November 2015, 1.5% interest from Proof-of-Stake, target of 18.25 million coins per year from Distributed Proof-of-Research
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