Gridcoin Price Up 0.4% This Week (GRC)

Gridcoin (CURRENCY:GRC) traded 5.3% higher against the U.S. dollar during the twenty-four hour period ending at 10:00 AM Eastern on July 22nd. One Gridcoin coin can currently be purchased for about $0.0093 or 0.00000029 BTC on exchanges. During the last week, Gridcoin has traded 0.4% higher against the U.S. dollar. Gridcoin has a total market capitalization of $3.60 million and $10,601.00 worth of Gridcoin was traded on exchanges in the last 24 hours.

Gridcoin Coin Profile

Gridcoin (CRYPTO:GRC) is a DPoR coin that uses the ProofofResearch hashing algorithm. Its genesis date was October 16th, 2013. Gridcoin’s total supply is 419,747,335 coins and its circulating supply is 389,094,303 coins. The Reddit community for Gridcoin is /r/gridcoin and the currency’s Github account can be viewed here. Gridcoin’s official website is www.gridcoin.us. The official message board for Gridcoin is cryptocurrencytalk.com/forum/464-gridcoin-grc. Gridcoin’s official Twitter account is @GridcoinNetwork and its Facebook page is accessible here.

According to CryptoCompare, “GridCoin (GRC) is a coin with a mission – to compensate miners for participating in BOINC projects. The coin is a scrypt altcoin with difficulty retargetting every 30 minutes – a 2.5 minute block target and a hard cap of 168 million. Gridcoin introduces a Proof-of-Research algorithm that gives computers something productive to do. Instead of racing to solve meaningless equations, Gridcoin miners Researchers work on problems such as finding cures to diseases, mapping genomes, or climate studies, and are compensated for their work. Gridcoin is not limited to any one program, algorithm, or type of hardware. BOINC supports Windows, Mac OS X, Linux, and Android. “

Buying and Selling Gridcoin

It is usually not possible to buy alternative cryptocurrencies such as Gridcoin directly using US dollars. Investors seeking to trade Gridcoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Gridcoin using one of the exchanges listed above.

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