Gridcoin is a crypto currency that started in 2013 by an anonymous developer Rob Halfӧrd. Expect top-notch services and features from this digital currency since it has been in the market for four years. You will find an increasing number of people who are using this currency because of it stability in the industry. You can use it when in online transactions; you can increase your amount coins when you play dice, especially Gridcoin dice.
An overview of Gridcoin
Since it is a decentralized currency, Gridcoin does not follow a central authority. It allows you to do peer-to-peer transactions without any third party involved. You can find your transactions in a blockchain, which serves as a ledger of all the transactions made using this currency. Anyone can view this file, making it transparent to all its users.
Gridcoin mining is less hassle
When it first started operating in the market, Gridcoin used a combination of proof-of-work and proof-of-stake schemes. Now, it is using a combination of the latter and a proof-of-research scheme, in partnership with the Berkeley Open Infrastructure Network Computing (BOINC). This allows you to get rewards by solving a problem given by BOINC. Once verified by the system, you get your reward by linking the verified code to your wallet. Getting a wallet here is easy since it is a popular digital currency.
This kind of mining continues to receive positive feedback from critics because it allows you to mine coins in an efficient way. Since Gridcoin does not have a limit to how many coins it will produce, you can get higher profit here since you save time and energy. Other than mining, you can also get coins through exchanges, which is less hassle if you do not like to mine.
Use Gridcoin when you play dice
Playing Bitcoin dice is one of the many ways to increase your coin amount. You will find a few sites that offer not only free Bitcoin dice game but also Gridcoin dice such as Crypto-Games.net. Some sites even offer you with bonuses that will increase your coins further. Expect to get coins from doing this since the odds of winning in a Bitcoin dice game are high. Other than playing Gridcoin dice, you can also use your coins through online shopping and getting online services.
Gridcoin offers you fast transactions, thanks to a faster way of mining. In addition to mining are the many ways to get coins. Given these amazing features, you just might be the next user of this digital currency. Be sure to visit their website to find out more about this amazing crypto currency.