Gridcoin is an open-source cryptocurrency whose price is based on rewarding volunteer computing performed on the BOINC platform in a secure and decentralized manner, on top of a proof-of-stake. GRC price rewards users who rent their computing power to researchers on the network, who are using the network to conduct scientific research. There are dozens of projects on the network as well, including protein structure prediction, mapping the Milky Way, and looking for record prime numbers. Researchers and institutions dedicated to scientific research and exploration can tap into the pare processing power of tens of thousands of users all over the world, creating their own BOINC project, all for free.
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