Gridcoin (GRC) is an altcoin whose blockchain is the first ever cryptocurrency protocol to deliver a math based digital algorithm that equally incentivizes and cryptographically verifies solving of BOINC (Berkeley Open Infrastructure for Network Computing) problems, which literally can be any form of computing process including CPU, GPU, Sencor…etc.

BOINC is a volunteer oriented, internet based computing grid that collectively combines the computing power of individual machines for various purposes of scientific research such as to map the Milky Way, attempt to find a cure for Aids, cancer, Ebola and Malaria, decipher various enigma code….etc.