Gridcoin

{{Short description|Cryptocurrency rewarding work on BOINC}}

{{pp-30-500|small=yes}}

{{Infobox cryptocurrency

| currency_name = Gridcoin

| image_1 = Gridcoin Logo.svg

| alt1 = Gridcoin Logo

| superunit_ratio_1 =

| superunit_name_1 =

| subunit_ratio_1 =

| subunit_name_1 =

| subunit_ratio_3 = {{frac|{{val|100000000}}}}

| subunit_name_3 = {{lang|ja-Latn|halford|italic=no}}

| symbol =

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| ticker_symbol = GRC

| previous_names =

| nickname =

| plural = Gridcoins

| precision = 10−8

| white_paper = [https://gridcoin.us/assets/img/whitepaper.pdf Gridcoin: The Computation Power of a Blockchain Driving Science & Data Analysis]

| implementations = Gridcoin-Research

| initial_release_version =

| initial_release_date =

| code_repository = {{URL|https://github.com/gridcoin-community/Gridcoin-Research}}

| status = Active

| latest_release_version = 5.4.8.0-hotfix-1

| latest_release_date = {{Start date and age|2024|07|04}}{{Cite web|title=Releases - gridcoin-community/Gridcoin-Research|url=https://github.com/gridcoin-community/Gridcoin-Research/releases/|access-date=22 September 2024|via=GitHub}}

| project_fork_of = Bitcoin, Peercoin{{Cite web|title=License on Github|url=https://github.com/gridcoin-community/Gridcoin-Research/blob/development/COPYING|url-status=live|archive-url=https://web.archive.org/web/20230528152100/https://github.com/gridcoin-community/Gridcoin-Research/blob/development/COPYING|archive-date=28 May 2023|access-date=30 June 2023|website=GitHub|language=en}}

| programming_languages = C++

| operating_system = Windows, Linux, macOS

| author = Rob Halförd{{Cite book |last=Hijfte |first=Stijn Van |url=https://books.google.com/books?id=IivxDwAAQBAJ&q=Rob+Half%C3%B6rd |title=Blockchain Platforms: A Look at the Underbelly of Distributed Platforms |date=6 July 2020 |isbn=9781681738925 |page=145 |publisher=Morgan & Claypool Publishers |access-date=4 May 2021 |archive-url=https://web.archive.org/web/20210511164741/https://www.google.com.au/books/edition/Blockchain_Platforms/IivxDwAAQBAJ?q=Rob+Half%C3%B6rd&gbpv=1#f=false |archive-date=11 May 2021 |url-status=live}}

| developer = Gridcoin Community

| source_model = Open source

| license = MIT License{{r|LICENSE}}

| website = {{URL|https://gridcoin.us/}}

| block_explorer =

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| timestamping = Proof-of-stake

| merged_mining_parent =

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}}

Gridcoin (abbreviation: GRC) is a cryptocurrency which rewards volunteer computing performed on the BOINC network.{{r|BCPLATFORMS}}{{Cite book |last1=Dong |first1=Zhongli |title=2015 IEEE 7th International Conference on Cloud Computing Technology and Science (Cloud Com) |last2=Lee |first2=Young Choon |last3=Zomaya |first3=Albert Y |year=2015 |isbn=978-1-4673-9560-1 |pages=266 |chapter=Crowdware: A Framework for GPU-Based Public-Resource Computing with Energy-Aware Incentive Mechanism |doi=10.1109/CloudCom.2015.73 |s2cid=6852894}}{{Cite book |last1=Kent |first1=Peter |title=Cryptocurrency Mining For Dummies |last2=Bain |first2=Tyler |date=2019 |publisher=Wiley |isbn=9781119579472 |page=320}}{{Cite book |last1=Elena Guerrero-Roldán |first1=Ana |title=Engineering data-driven adaptive trust-based e-assessment systems : challenges and infrastructure solutions |last2=Baneres |first2=David |last3=Elena Rodriguez |first3=M. |date=2020 |publisher=Springer International Publishing |isbn=9783030293260 |location=Cham, Switzerland |page=144}} BOINC was originally developed to support SETI@home,{{Cite news|title=A Brief History of SETI@Home |url=https://www.theatlantic.com/science/archive/2017/05/aliens-on-your-packard-bell/527445/|last=Scoles |first=Sarah|work=The Atlantic|access-date=2017-06-01|language=en-US|archive-date=2017-05-23|archive-url=https://web.archive.org/web/20170523153545/https://www.theatlantic.com/science/archive/2017/05/aliens-on-your-packard-bell/527445/|url-status=live}} but has also been used for research in other areas.

Gridcoin was created on October 16, 2013, by Rob Halförd. Initially using the energy-intensive proof of work, as used by Bitcoin, Gridcoin migrated to a proof of stake protocol in 2014, similar to Peercoin, in an attempt to address the environmental impact of cryptocurrency mining.{{r|BCPLATFORMS}}{{Cite web |date=12 December 2017 |title=Bitcoin mining likely uses more energy than it takes to keep New Zealand's lights on |url=https://www.abc.net.au/news/2017-12-12/bitcoin-mining-likely-uses-more-energy-than-nz-electricity/9246888 |url-status=live |archive-url=https://web.archive.org/web/20210108203932/https://www.abc.net.au/news/2017-12-12/bitcoin-mining-likely-uses-more-energy-than-nz-electricity/9246888 |archive-date=8 January 2021 |access-date=4 May 2021 |website=Australian Broadcasting Corporation}}{{Cite book |last1=Kondru |first1=Kiran Kumar |last2=Saranya |first2=R. |last3=Chacko |first3=Annamma |title=Advances in Distributed Computing and Machine Learning |chapter=A Review of Distributed Supercomputing Platforms Using Blockchain |series=Lecture Notes in Networks and Systems |date=2021 |editor-last=Tripathy |editor-first=Asis Kumar |editor2-last=Sarkar |editor2-first=Mahasweta |editor3-last=Sahoo |editor3-first=Jyoti Prakash |editor4-last=Li |editor4-first=Kuan-Ching |editor5-last=Chinara |editor5-first=Suchismita |language=en |location=Singapore |publisher=Springer |volume=127 |pages=123–133 |doi=10.1007/978-981-15-4218-3_13 |isbn=978-981-15-4217-6|s2cid=224845754 }}

An exploit was demonstrated in August 2017 that revealed the emails of Gridcoin users and allowed the theft of other users work. The research team disclosed the vulnerability to the developers in September 2016, and the patch for the vulnerability was released in March 2017 with version 3.5.8.7, however the implementation of the fix introduced other issues.{{Cite journal |last1=Grothe |first1=Martin |last2=Niemann |first2=Tobias |last3=Somorovsky |first3=Juraj |last4=Schwenk |first4=Jörg |date=2017-08-14 |title=Breaking and fixing gridcoin |url=https://dl.acm.org/doi/10.5555/3154768.3154782 |journal=Proceedings of the 11th USENIX Conference on Offensive Technologies |series=WOOT'17 |location=USA |publisher=USENIX Association |pages=14 |doi=}}

The implementation Gridcoin-Research was created as a fork of Bitcoin and Peercoin and is licensed under the MIT License.{{r|LICENSE}} It uses Qt 5 for its user interface{{Cite web |title=Gridcoin-Research/build-unix.md at development · gridcoin-community/Gridcoin-Research |url=https://github.com/gridcoin-community/Gridcoin-Research/blob/development/doc/build-unix.md |access-date=21 July 2021 |website=GitHub |language=en}} and prebuilt executables of the wallet are distributed for Windows, macOS, and Debian.{{r|RELEASE}}

File:Grc-wallet-5230.jpg

References

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