CureCoin is a unique type of cryptocurrency founded by Joshua Smith, a self-taught programmer who works with other pioneers and collaborators in this field. The cryptocurrency harnesses the power of the mining process in the form of a medical and research tool that is massively distributed. It is designed to act as an incentive to encourage people in hosting systems that can help in the advancement of science. They can use the CureCoin platform to recover the cost of research which can encourage them to pursue such work even more.
CureCoin has the ability to increase the efficiency of the system by boosting computational power. Besides, it can also fund the main servers at Pande Labs, the research lab of Dr. Pande, the founder of Stanford's [email protected] The currency can also fund new projects involving cure for diseases that are not yet on the radar of the medical profession.
CureCoin is different than other types of currencies as they can be earned in the GPU/CPU stage as well as in the ASIC stage. Advanced GPUs and CPUs are used by folders to fold proteins. This helps them earn a proportional amount of coins that are earmarked for their contributions. By mining with ASICs, miners can secure the blockchain for CureCoin network. The folding is not easily predictable and is constantly changing and that's why CPUs and GPUs are of high relevance in the network. That’s why any investment in consumer hardware is worth the effort and gives impressive returns.
CureCoin allows owners of both types of hardware to gain monetarily. CureCoin makes use of ASICs to secure a blockchain and GPUs and CPUs to work on what they are good at - protein folding. CureCoin works in a manner similar to the concept of carbon offsets. CureCoin can be purchased to represent a specific amount of medical or scientific research. A technically competent person can deal with the folding effort of the system and make some profit. With time, the amount of folding performed for the network increases and the research associated with each coin also keeps growing.
The number of CURE in circulating supply is 28,817,158. It has a market cap of $14,577,911. CURE is being traded at $0.612076. At present, the number of registered [email protected] user accounts stands at 8,000. On any day, there are more than 900 individuals actively involved in folding for CURE.
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