Gridcoin Logo
Gridcoin Logo
Original author(s)Rob Halförd[2]
White paperGridcoin: The Computation Power of a Blockchain Driving Science & Data Analysis
Latest release5.3.3.0 / February 27, 2022; 7 months ago (2022-02-27)[1]
Development statusActive
Project fork ofBitcoin, Peercoin[3]
Written inC++
Operating systemWindows, Linux, macOS
Developer(s)Gridcoin Community
Source modelOpen source
LicenseMIT License[3]
Timestamping schemeProof-of-stake
Block reward10 GRC[4]

Gridcoin (ticker: GRC) is an open source cryptocurrency which securely rewards volunteer computing performed on the BOINC network,[5][6][7][2] a volunteer computing platform that is home to over 30 science projects spanning a range of scientific disciplines.

It was created on October 16, 2013, by Rob Halförd. Gridcoin, like Peercoin, uses a proof of stake protocol which attempts to address and ease the environmental impact of cryptocurrency mining, as compared to the proof of work system used by Bitcoin.[8][2]

The implementation Gridcoin-Research was created as a fork of Bitcoin and Peercoin and is licensed under the MIT License.[3] It uses Qt 5 for its user interface[9] and prebuilt executables of the wallet are distributed for Windows, macOS, and Debian.[1]


  1. ^ a b "Releases - gridcoin-community/Gridcoin-Research". Retrieved 22 March 2022 – via GitHub.((cite web)): CS1 maint: url-status (link)
  2. ^ a b c Hijfte, Stijn Van (6 July 2020). Blockchain Platforms: A Look at the Underbelly of Distributed Platforms. p. 145. ISBN 9781681738925. Archived from the original on 11 May 2021. Retrieved 4 May 2021.
  3. ^ a b c "License on Github". GitHub. Archived from the original on 13 October 2019. Retrieved 14 June 2020.
  4. ^ "Network Blocks". Gridcoinstats. Archived from the original on 14 June 2020. Retrieved 31 October 2020.
  5. ^ 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 (Cloud Com). p. 266. doi:10.1109/CloudCom.2015.73. ISBN 978-1-4673-9560-1. S2CID 6852894.
  6. ^ Kent, Peter; Bain, Tyler (2019). Cryptocurrency Mining For Dummies. Wiley. p. 320. ISBN 9781119579472.
  7. ^ 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.
  8. ^ "Bitcoin mining likely uses more energy than it takes to keep New Zealand's lights on". Australian Broadcasting Corporation. 12 December 2017. Archived from the original on 8 January 2021. Retrieved 4 May 2021.
  9. ^ "Gridcoin-Research/ at development · gridcoin-community/Gridcoin-Research". GitHub. Retrieved 21 July 2021.