Tonight! on the Gridcoin Fireside - What is Gridcoin?

jringo (63)in #gridcoin • 5 years ago

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The Gridcoin Fireside is a participatory podcast brought to you by LBRY.Science and the Gridcoin community. It is intended to introduce and explore DLT, cryptocurrency, and crypto-economics from a science oriented perspective.

The audience is welcome to participate through voice-comms or via the discord text chat.

Join us every Thursday at 8:00pm EST on the Gridcoin discord server.

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Tonight!

What is Gridcoin?

This week we dive into some of the specifics of the Gridcoin protocol. How does it mint currency? Where does that currency go? What sort of technology does it use? And more! Bring your questions and we'll be sure to answer.

See you soon!

What is Gridcoin?

Gridcoin is a multi-incentive permissionless blockchain initiated in 2013. It mints and distributes cryptocurrency in relation to the processing power a network participant directs toward data-driven analysis and scientific discovery, as well as through a proof-of-stake reward mechanism. The Gridcoin blockchain monitors processing contributions to the Berkeley Open Infrastructure for Networked Computing (BOINC). BOINC hosts major institutional computing projects such as IBM’s World Community Grid, SETI, and CERN, alongside projects developed by students, enthusiasts, mathematicians, researchers, and citizen scientists. Access to Gridcoin's computation resources is free, while computation contributors are incentivized with cryptocurrency minted by the Gridcoin protocol.