Distributed Ledger Technology and Gridcoin
Distributed ledger technology enables a world where decision-making, economic, and network protocols are managed via open-source sets of code defined and redefined through commons-based debate, free-market competition, and permissionless contribution principles.
Gridcoin brings these advancements to the protocols of science.
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Introducing GRC
GRC is the native currency of the Gridcoin ledger. It is distributed directly to network participants contributing computation cycles to the advancement of science and humanity via the distributed computing infrastructure, BOINC.
What is BOINC?
The Berkeley Open Infrastructure for Network Computing (BOINC) is a permissionless, open-source grid computing infrastructure which provides access to a global distributed computing network. Spawned from SETI@Home and released in 2002, BOINC is used by entities and companies such as IBM, CERN, the Max Planck Institute for Gravitational Physics, TACC, the Chinese Academy of Sciences, Oxford University, Perdue University, and dozens of other universities along with citizen scientists, enthusiasts, and independent researchers.
To date, BOINC has been the driving force behind numerous computationally intensive research programs, such as pulsar identification, the development of vaccines, the creation of patient-specific cancer treatments, and the simulation of candidate molecules for next-generation solar panels.
While BOINC has been used primarily for science and mathematics, it can host data from any open or commercial field so long as the data can be formatted for BOINC's processes.
Examples of projects include tasks in engineering, cryptography, rendering, weather and climate prediction, sensor data aggregation, as well as social, market, and resource analytics.
Why Choose GRC?
GRC is the base currency of an economy based on science. It is distributed directly from an open economic protocol to scientists and participants contributing to science. At its root, one GRC is tied to the value society gives to the advancement of science, science engagement, and science communication, along with computational cycles directed at scientific discovery. When you choose to use a GRC, you choose to use a currency to express your support for science.
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Fast
GRC transactions are confirmed every 90 seconds.
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Secure
GRC transactions are secured via a proof-of-stake protocol.
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Scientific
The Gridcoin protocol distributes GRC directly to scientists and those who contribute to scientific endeavors. Every time you use GRC, you voice your support for an economy based on science.
How to Participate
There are several ways to contribute to the Gridcoin Network.
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Secure the Blockchain
Become a block producer and earn GRC for enhancing the security of the Gridcoin blockchain.
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Crunch for Science
Earn GRC by contributing processing power to your favorite BOINC project.
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Contribute to the Network
Contribute your skills and time to develop the Gridcoin codebase, reach, or community.
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Create a BOINC Project
Access one of the world's largest distributed computing networks by creating a BOINC project. Incentivize your project with GRC by getting it network-approved.
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Aggregate Statistics
Vie for the role of Oracle and participate in aggregating cruncher statistics.
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Accept GRC at your Business
Support science by setting up a wallet and accepting GRC at your business.
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Use GRC
Ask vendors to accept your GRC as payment.
Guides
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| Solo Crunching | Pool Crunching | Secure The Blockchain | |
| Solo | Pool | PoS | |
| Earn BOINC Rewards |  |
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| Earn 10 GRC Per Staked Block | |
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| Helps Secure Network | |
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| Decentralized | |
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| Ability to Vote | |
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| Keep 100% of Rewards | |
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| No Upfront Investment | |
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| BOINC Leaderboards | BOINCstats, GridcoinStats & Others | Pool Only | GridcoinStats |
| Solo Guide | Pool Guide | Staking Guide | |
| Guide |