## I represented the #Gridcoin community during the 213th BeyondBitcoin hangout episode ## About Gridcoin Gridcoin is a cryptocurrency which securely rewards BOINC computation (on top of proof of stake) on behalf of each whitelisted BOINC project as opposed to the BOINC project's owners having to pay for computation up front like our competitors would have you do (Golem/SONM/iEX). What's BOINC? BOINC is an open-source volunteer distributed computing platform which utilizes the spare computer resources donated by volunteers to attempt to cure diseases, map the milkyway, search for extraterrestrial life, and any other kind of distributed computation. Anyone who needs a serious amount of distributed computing power (100k+ CPUs) can create a BOINC project to create a distributed cloud service of their own desire using commercial off the shelf software. ### I covered the following topics: #### SuperBlock downtime! * There was approximately 5 days of superblock downtime within the Gridcoin network last week caused by a lack of consensus within the superblock mechanism (the process in which we agree on the BOINC statistics to base rewards upon), meaning that BOINC computation was not rewarded for 5 days. A superblock was recently staked which ended this downtime and daily superblock mechanism is operating as normal again. During this downtime, the POS consensus mechanism was still in control, so network security was not at risk. * To prevent this occuring again in the future, our developers are working on: * Cross-platform compatible superblock generation mechanism. * Forming superblocks on an individual project basis (so 1 project doesn't throw a wrench in the works) * Reducing load on BOINC web servers * Improving recovery mechanisms #### Trading * In the last two weeks the trading value of Gridcoin has decreased to approximately $0.06/GRC down from between 8 and 9 cents. * Gridcoin is currently listed ranked 32nd on Coingecko! * When [filtering Coinmarketcap by non-premined/non-minable](https://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/), Gridcoin is ranked 35th! #### Community * We are continuing to observe a noticeable increase in new users within the Gridcoin community across multiple social media platforms. * We have continued holding Gridcoin community hangouts on a fortnightly basis, the next hangout is the 34th hangout on the 8th July (Saturday at 9PM BST (compare to your timezone!)). Everyone's welcome to join in! * We have a total of 119 Gridcoin community tasks, some include community donated bounties where as others earn you respect within the community. * Telegram group chat updates * Gridcoin - 232 members! * BOINC - 33 members! #### Development Gridcoin developers are working on many new features such as: * Removal of the mandatory team requirement within the Gridcoin network. * Improved staking, voting, security, translations & interface * Removal of unnecessary features ### Shout-out to high quality Steemit posts * [@ravonn's "Gridcoin superblock - we forgive you!"](https://steemit.com/gridcoin/@ravonn/gridcoin-superblock-we-forgive-you) * [@jringo's "A crash course on the utility of Gridcoin"](https://steemit.com/gridcoin/@jringo/a-crash-course-on-the-utility-of-gridcoin) * [@sc-steemit's "ELI5 on Gridcoin and BOINC"](https://steemit.com/gridcoin/@sc-steemit/eli5-gridcoin-research-and-boinc-explained) * [@sc-steemit's "Steemit witness update - backup/redundant nodes, gridcoin support and future ideas!"](https://steemit.com/witness/@sc-steemit/witness-update-backup-nodes-security-gridcoin-supporter-and-future-ideas) - please consider voting for @sc-steemit as a Steemit witness, thanks! :) ---