Folding Coin: The Innovative Intersection of Distributed Computing and Cryptocurrency
Proof-of-work cryptocurrencies are often criticized for wastefulness since they use a massive amount of computing power to secure the network thus “wasting” electricity. A next generation reward system for distributed computing has come forth in Folding Coin.
Folding Coin is rewarded by a point system based on how much distributed computing power you have donated to the project. You may compute for any of the various protein folding projects under the Folding@Home umbrella. It is easy to install and a simple way to distribute a cryptocurrency for a positive use of electrical energy. Instead of just hashes you are producing viable data for Stanford.