3 reasons why Gridcoin is a better cryptocurrency than Bitcoin and other Altcoins.
A lot of different coins on the market today, huh? You don't really know which one to invest in, which one can be trusted. Bitcoin is still the biggest shareholder on the market with about 40%. Have you ever heard about Gridcoin? Do you know what currency exactly is it and do you know why is it better than Bitcoin and other Altcoins on the market? In this post I will give you my 3 best reasons about why Gridcoin is superior to Bitcoin.
- It's a POS currency
- It helps science and medicine
- Robust Security model
Why does it mean, that Gridcoin is POS currency?
POS actually stands for Proof-of-Stack. Actually Gridcoin is a Proof-of-Research currency, which means that rewards are given for distributed computing power and the power itself is spent for researches, not being wasted on Hashing numbers which have no use other than maintaining the network.
Actually, it's a POS currency too. You can earn coins just for holding your coins in a staking capable wallet. Gridcoin official wallet does a great job here. Not to mention, that POS currencies can be thousands times more effective.
Image source: https://blockgeeks.com
How Gridcoin helps Science and Medicine?
By installing BOINC client, you can easily take part in different researches and you can earn some profit, helping different projects. There is a wide variety of running BOING projects and many of them are helping areas as cancer research, fighting malaria, curing AIDS, predicting climate change, searching for aliens (SETI) or curing Alzheimer's.
You can, of course, help all of them by doing nothing more than putting BOINC client into work. Meanwhile you can do your daily work, or while watching videos, or listening to music. The software will do its job, deciding what part of your computing resources are free and can be used to participate in the chosen project.
Here's link to download your BOINC client: https://boinc.berkeley.edu/
How secure is the Gridcoin network?
Coin mint subsidy Integrity is maintained - Researcher must submit a valid CPID for all blocks, and the validity is checked by a third party credit node by other nodes! As well, there are consistent BOINC rewards using a magnitude consensus system.
The network has extremely high security – 51%. A potential attack would mean that the attacker should have 51% of the coins. It seems impossible and there is absolutely no logic in that attack.
To all the wallets are given automatic backups daily. So your coins and your wallet are extremely safe.
Reading these 3 advantages don't you think that Gridcoin is a lot BETTER than Bitcoin?
Make smart decisions and of course trust Gridcoin! Please, resteem this article to make Gridcoin a boost and get more people involved in the projects. It's time to start NOW!
Thank you for the attention! Bye for now!