E210 2017-06-09 Beyond Bitcoin - Gridcoin, AskSteem, WhaleShares and Steemfest Dreams!
Covered this Hangout
@cm-steem of Gridcoin
What is Gridcoin?
Gridcoin (Ticker: GRC) is a decentralized, open source math-based digital asset (cryptocurrency). It performs transactions peer-to-peer cryptographically without the need for a central issuing authority.
Gridcoin was the first block chain protocol that delivered a working algorithm that equally rewards and cryptographically proves solving BOINC (Berkeley Open Infrastructure for Network Computing) hosted work, which can be virtually any kind of distributed computing process (GPU/CPU/Sensor/Etc).
BOINC is an open-source volunteer oriented computing grid that combines the processing power of all individual users for the purposes of scientific research. It's free, and harnesses the unused clock cycles from processors and graphics cards to attempt to cure cancer/aids/ebola/malaria, map the milkyway, crack enigma codes, etc..
Gridcoin rewards BOINC computation using the Distributed Proof of Research (DPOR) reward mechanism, which is a combination of Proof of BOINC (POB) and Proof of Stake (POSv2).
Proof of Work (POW) consensus mechanisms are not utilised by the Gridcoin network, making the Gridcoin cryptocurrency network far more energy efficient than any existing POW cryptocurrencies.
Check out the @cm-steem's Steemit Blog for Updates!
Upvote and support their efforts by supporting quality updates on the Gridcoin Sub-Steemit.
@thekyle of Asksteem
(AskSteem) is a search enging that allows users to search through the steem blockchain, and links steem clients together. ~@thekyle~
Check out AskSteem.com to use this engine today!
Check out and upvote to support the @thekyle's blog where you can find updates!
@jphenderson of WhaleShares
Whaletank has been a work in progress for a long time. The tools we plan to bring to Steem and BitShares ecosystems will be stunning to say the least. Whaleshares tokens will be distributed to @officialfuzzy's favorite projects to use for free upvotes from himself and other friendly whales! Get ready everyne!
~Fuzz
@richardcrill of SteemFest Dreams
SteemFest Dreams
Your first chance to enter is now. Make a post about why you want to go to SteemFest and what you would need to make that happen. Mention @steemfestdreams. Put a link to your post in the comments of this post before the 7 day payout period. You will also be able to submit an entry for each @steemfestdreams post. ~Richardcrill~
Check out the Richard's Blog to learn more about the project and keep up to date!
Have your own Project?
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During the Week you can find us in Our 24/7 WhaleShares Server! (preferably the Adult Swim VOIP)
Here is a post demonstrating how to use AskSteem to find posts that mention you which was asked about during the show: https://steemit.com/steemit/@thekyle/how-to-find-posts-that-mention-you-with-asksteem
Thanks a bunch for the extra updates and news, Namaste :)
Thanks for sharing the updates @officialfuzzy , looking forward for fridays hangout and GridCoin looks interesting...
Gridcoin is for good cause.
nice :) I like the voice in the audio. very calm and understandable anyway English is not my first language
i am planing to invest small amounts in some different cryptocurrencies and getting info about all of them for that, here's another one from you @officialfuzzy. Thank You for That...
This sure looks like a promising coin and i hope I get it right
Thanks to your post, I think Gridcoin is mixed up ethereum , Golem, steemit's advantages right?
Ethereum: no, it doesn't use ethereum, it could support advanced smart contracts if you're willing to fork counterparty/rootstock/omni for the gridcoin network. You can trade ETH:GRC on the BTS DEX.
Golem: Their project isn't in production, they performed an ICO (GRC performed a fair distribution based on BOINC contributions), Gridcoin provides computation for free where as Golem charges money, GRC > Golem.
Steemit: The Gridcoin community is using Steemit to promote itself, we've been using the platform for like 9-10months now.
oh kindly reply ^^ thanks !! It's helpful!!