Price
$0.0045
11/27/2022, 4:56:48 AM
diamondHands

Keep an eye on Gridcoin

Get instant alerts for major price changes.

Market

Market stats

Market cap

$1.8M

Volume (24h)

$24,978.40

Circulating supply

418.5M GRC

All time high

$0.21

Price change (1h)

+0.18%

Price change (24h)

-26.1%

Price change (7d)

-25.93%

Sign up now to get up to $400 in rewards

Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.

congratulationsOnEarningCrypto

Gridcoin is on the decline this week.

The price of Gridcoin has fallen by 25.93% in the past 7 days. The price declined by 26.10% in the last 24 hours. In just the past hour, the price grew by 0.18%. The current price is $0.004509 per GRC. Gridcoin is 97.85% below the all time high of $0.21.

The current circulating supply is 418,482,242.502 GRC.

About

What Is Gridcoin (GRC)?

Gridcoin is a blockchain-based computer network that rewards volunteer computing for science through the BOINC platform. BOINC is a platform that allows volunteer computing for conducting scientific research. The Gridcoin blockchain is secured by the proof-of-stakeprotocol, which ensures that minimal processing resources are used. Gridcoin is a distributed computer network, which refers to a computer network spread across different networks and provides a single data communication network.

As the whitepaper states, Gridcoin aims to offer an incentive mechanism called GRC Research Mint that generates a predefined amount of GRC, the native token of the Gridcoin blockchain. These GRCs are distributed to the participants or computing volunteers based on their relative processing contributions. GRC is a protocol-defined inflationarycryptocurrency

Gridcoin aims to establish a platform for research, science, and data analysis according to the interest of the network’s participants. The whitepaper of Gridcoin states that idle processing potential (IPP) refers to the product of the processing power of computing devices and the proportion of unused processing over time. Individuals direct their IPP of the Gridcoin network to the research projects they deem beneficial and contain a high value in science and research. This is aimed to provide greater resources for efficiently conducting research projects. 

The Gridcoin value is based on the open-source nature of the network. According to the whitepaper, anyone can view, access, modify, and copy Gridcoin software. Individuals well versed with the programming language of C++ can audit, extend, and maintain the Gridcoin software. Therefore, the open-source nature of the software empowers contributors and programmers to address issues in the network. 

The Gridcoin network also aims to offer open data accessible through web-based blockchain explorers and wallet software. Gridcoin supports the open publishing of data that allows people to analyze and experiment with such data. 

Gridcoin operates based on decentralization, whereby the network participants make the decisions and there is an absence of centralized processing. Therefore, the decentralization of the Gridcoin network allows diversity and more extensive participation in the decision-making process. 

Related Assets

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 8 are the closest to Gridcoin in market cap.

Gridcoin Calculator

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

FAQ

What is the current price of Gridcoin?

The price of 1 Gridcoin currently costs $0.0045.

What is the market cap of Gridcoin?

The current market cap of Gridcoin is $1.81M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Gridcoin?

The all-time high of Gridcoin is $0.21. This all-time high is highest price paid for Gridcoin since it was launched.

What is the 24 hour trading volume of Gridcoin?

Over the last 24 hours, the trading volume of Gridcoin is $24.98K.

What other assets are similar to Gridcoin?

Assets that have a similar market cap to Gridcoin include Dogs Of Elon, Smart MFG, WeWay, and many others. To see a full list, see our comparable market cap assets.

How many Gridcoin are there?

The current circulating supply of Gridcoin is 418 million.