Gridcoin

From HandWiki

Gridcoin (abbreviation: GRC) is a cryptocurrency which rewards volunteer computing performed on the BOINC platform.[1][2][3][4] BOINC was originally developed to support SETI@home,[5] but has also been used for research in other areas.

Version 5.3.2.0 of the Gridcoin wallet

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.[1][6][7]

An exploit was demonstrated in August 2017 that revealed the email addresses of Gridcoin users and allowed the theft of other users' work.[8] The research team had disclosed the vulnerability to the developers in September 2016, and a patch was released in March 2017 with version 3.5.8.7.[8] However the implementation of the fix introduced other issues.[8]

The implementation Gridcoin-Research was created as a fork of Bitcoin and Peercoin and is licensed under the MIT License.[9] It uses Qt 5 for its user interface[10] and prebuilt executables of the wallet are distributed for Windows, macOS, and Debian.[11]

References

  1. ↑ 1.0 1.1 Cite error: Invalid <ref> tag; no text was provided for refs named BCPLATFORMS
  2. ↑ Dong, Zhongli; Lee, Young Choon; Zomaya, Albert Y. (2015). "Crowdware: A Framework for GPU-Based Public-Resource Computing with Energy-Aware Incentive Mechanism". 2015 IEEE 7th International Conference on Cloud Computing Technology and Science. p. 266. doi:10.1109/CloudCom.2015.73. ISBN 978-1-4673-9560-1. 
  3. ↑ Kent, Peter; Bain, Tyler (2019). Cryptocurrency Mining for Dummies. Wiley. p. 320. ISBN 9781119579472. 
  4. ↑ Elena Guerrero-Roldán, Ana; Baneres, David; Elena Rodriguez, M. (2020). Engineering data-driven adaptive trust-based e-assessment systems : challenges and infrastructure solutions. Cham, Switzerland: Springer International Publishing. p. 144. ISBN 9783030293260. 
  5. ↑ Scoles, Sarah. "A Brief History of SETI@Home". The Atlantic. https://www.theatlantic.com/science/archive/2017/05/aliens-on-your-packard-bell/527445/. 
  6. ↑ "Bitcoin mining likely uses more energy than it takes to keep New Zealand's lights on". 12 December 2017. https://www.abc.net.au/news/2017-12-12/bitcoin-mining-likely-uses-more-energy-than-nz-electricity/9246888. 
  7. ↑ Kondru, Kiran Kumar; Saranya, R.; Chacko, Annamma (2021). "A Review of Distributed Supercomputing Platforms Using Blockchain". in Tripathy, Asis Kumar; Sarkar, Mahasweta; Sahoo, Jyoti Prakash et al.. Advances in Distributed Computing and Machine Learning. Lecture Notes in Networks and Systems. 127. Singapore: Springer. pp. 123–133. doi:10.1007/978-981-15-4218-3_13. ISBN 978-981-15-4217-6. 
  8. ↑ 8.0 8.1 8.2 Grothe, Martin; Niemann, Tobias; Somorovsky, Juraj; Schwenk, Jörg (2017-08-14). "Breaking and Fixing Gridcoin". WOOT'17. United States: USENIX Association. pp. 14. https://www.usenix.org/system/files/conference/woot17/woot17-paper-grothe.pdf. Retrieved 2025-11-20. 
  9. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named LICENSE
  10. ↑ "Gridcoin-Research/build-unix.md at development · gridcoin-community/Gridcoin-Research". https://github.com/gridcoin-community/Gridcoin-Research/blob/development/doc/build-unix.md. 
  11. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named RELEASE
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