Gridcoin (GRC), the digital currency mined via
Boinc scientific discipline computing, was added on Fri to the world’s nearly prominent blockchain-based digital assets exchange, OpenLedger.
The OpenLedger substitution was launched inwards Oct of final twelvemonth inwards tandem alongside the BitShares 2.0 network, which sports 3-second block times (Bitcoin has a 10-minute block time) as well as the mightiness to handgrip 100,000 transactions per 2d - that is to a greater extent than than what VISA as well as MasterCard tin give the axe handgrip pose together.
Prior to the OpenLedger integration, the bulk of Gridcoin trading took house on centralized exchanges similar Poloniex & Bittrex, where the alone available couple for traders was GRC/BTC. However, GRC’s inclusion into the OpenLedger draw solid unit of measurement of digital assets volition pit the innovative currency against the BitShares (BTS) token itself, every bit good every bit other digital currencies as well as market-pegged assets similar the bitUSD & bitCNY.
Gridcoin trades on OpenLedger nether the OPEN.GRC ticker. At press time, the alone couple that has whatsoever liquidity would locomote OPEN.GRC/BTS:
Unlike centralized exchanges that run the peril of hacking, the entire OpenLedger trading infrastructure sits on meridian of the BitShares blockchain, therefore, trades are executed inwards a P2P fashion where the person keys - the codes needed to motion funds - of each player are non exposed to 3rd parties. The OpenLedger platform also offering anonymous trading as well as allows investors to part inwards the turn a profit of the substitution via tokens called Obits
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Gridcoin virtual currency came into beingness inwards 2013, exactly despite iii years or rapid growth, a smartphone GRC wallet hasn’t been developed yet. However, Gridcoin users may straightaway bear as well as access GRC balances on their smartphones past times using the BitShares online wallet, which interfaces alongside OpenLedger.