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prime numbers, thereby producing a public record of scientific discovery in parallel to the public ledger of transactions. • Block generation: 1 minute • Total currency: No limit • Consensus algorithm: Proof-of-Work with prime number chain discovery • Market capitalization: $1.3 million USD in mid-2014 Curecoin Curecoin was announced in May 2013. It combines a SHA256 Proof-of-Work algorithm with protein folding research through the Folding@Home project. Protein folding is a computationally intensive simulation of biochemical interactions of proteins, used to discover new drug targets for curing diseases. • Block generation: 10 minutes • Total currency: No limit • Consensus algorithm: Proof-of-Work with protein folding research • Market capitalization: $58,000 USD in mid-2014 Gridcoin Gridcoin was introduced in October 2013. It supplements scrypt-based Proof-of-Work with subsidies for participation in BOINC open grid-computing. BOINC is an open protocol for scientific research grid-computing, which allows participants to share their spare computing cycles for a broad range of academic research computing. Gridcoin uses BOINC as a general purpose computing platform, rather than to solve specific science problems such as prime numbers or protein folding. • Block generation: 150 seconds • Total currency: No limit • Consensus algorithm: Proof-of-Work with BOINC grid-computing subsidy • Market capitalization: $122,000 USD in mid-2014 Anonymity-Focused Alt-Coins: CryptoNote, Bytecoin, Monero, Zerocash/Zerocoin, Darkcoin Bitcoin is often mistakenly characterized as “anonymous” currency. In fact, it is relatively easy to connect identities to bitcoin addresses and, using big-data analytics, connect addresses to each other to form a comprehensive picture of someone’s bitcoin spending habits. Several alt-coins aim to address this issue directly by focusing on strong ano‐ 228 | Chapter 9: Alternative Chains, Currencies, and ApplicationsPDF Image | Mastering Bitcoin
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IT XR Project Redstone NFT Available for Sale: NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Be part of the future with this NFT. Can be bought and sold but only one design NFT exists. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
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