Gridcoin - Cryptocurrency, Rewards Volunteer Distributed Computing

Gridcoin is a POS-based cryptocurrency that rewards users for participating on the BOINC network. Gridcoin uses peer-to-peer technology to operate with no central authority: managing transactions, issuing money and contributing to scientific research are carried out collectively by the network.

BOINC is an open-source volunteer computing grid which combines the processing power of all individual users for the purposes of scientific research. It's free, production ready and many projects already harness volunteered computing power to attempt to cure cancer/AIDS/Ebola/malaria, map the Milky Way galaxy, crack Enigma machine codes, etc..