Gridcoin is a cryptocurrency established in October of 2013. Its current rank is 313th in Coinmarketcap and is equivalent to round US$0.06. Like many coins after Bitcoinwas launched in financial market in the first few years, Gridcoin is destined to play a role to mining. Gridcoin is said to be an exceptional new coin, after Bitcoin, as cryptocurrency too. The Gridcoin is used for solution of computational problems of students, that invest their computer capacity in this purpose, thus solve scientific computational problems. network contributors mainly in Berkeley Open Infrastructure for Network Computing (BIONC).
The use of GDC is a bit more complicated that use of the vast majority of cryptocurrencies, by using algorithms. its application is really hybrid algorithms for above purpose. It has an inflation rate of 6.5% that corresponds to 5% of money investments for Research to students, that contribute to solution of computational problems in terms of algorithms used, and an another 1.5% of its value, is used for securing the Net. Actually the algorithm used, represent its value of exchange, in regard of 5% of its invested value + 1.5% =6.5% of inflation. It's proven useful so far, though having a specific use, much more limited than vaster use of other cryptocurrencies. Under all these conditions, with data of today, it's likely to survive.
