About
Gridcoin is an open source cryptocurrency (Ticker: GRC) which securely rewards volunteer computing performed upon the BOINC platform in a decentralized manner on top of proof of stake.
BOINC is an open-source volunteer computing grid which combines the processing power of all individual users for the purposes of scientific research. It's free, production ready and many projects already harness volunteered computing power to attempt to cure cancer/AIDS/Ebola/malaria, map the Milky Way galaxy, crack Enigma machine codes, etc
