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RE: Crypto Contest July 24: Gridcoin

in #gridcoin7 years ago (edited)

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Hello! I would recommend you join the community so your analysis can include an intimate understanding of the market instead of simple chart analysis. Chart analysis alone is almost always wrong and when it's right, it's usually right because something physical happened, not because a triangle was completed. New investors in crypto follow your advice instead of researching the blockchain and its past, current, and ongoing developments. This will lose them money.

I respect that this is steemit and you are incentivized to make a post, but if you want to speculate on Gridcoin and our community I would ask that you add some real content to your posts. Who are we? What are we? How long have we been around? What are we planning for the future?

Gridcoin is different from all other coins: We combine PoS with DPoR which utilizes BOINC credits to determine reward. Essentially, we took the hash power of PoW and directed it to real world processing instead of blockchain maintenance. This makes speculation on GRC a unique process.

WHAT IS GRIDCOIN

Gridcoin is a transparent, decentralized community which has developed an incentive and reward structure for distributed processing. Gridcoin utilizes the platform BOINC (The Berkeley Open Infrastructure for Network Computing), which is a 15 year old open source platform developed at The University of Berkley, California.

BOINC provides scientists and enthusiasts with a place to host data which needs to be processed -- Data pertaining to projects such as mapping the milky way, finding prime numbers, folding proteins, testing chemical and molecular combinations, SETI, and any number more.

Gridcoin developed a DPoR protocol, also known as Proof of BOINC. This rewards the volunteers who offer their spare processing power to BOINC projects.

There is so much more to Gridcoin, so I invite all potential investors to come take a look at what we're building.

Slack is the most active developer community hub and anyone is welcome to join. If you get an error that says an e-mail wasn't sent, ignore it. The e-mail was sent (it may be in your spam).

In slack, the channel #Trading might be of specific interest to you! We discuss the finer points of the GRC market along with other currencies.

Signed,
@jringo
@m3rcos1ty
of the Gridcoin community.

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Thank you for the invite. Joined your Slack team. Looking forward to learning more about your project.

You can find my track record here with TA:

https://steemit.com/cryptocurrency/@maarnio/crypto-contest-status-report-vi

and here:

https://steemit.com/cryptocurrency/@maarnio/crypto-contest-status-report-v

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