New crypto-currency can help with medical research
31 Jul 2014by CharityDigital Editorial
Whilst many people are aware of bitcoin, the digital currency that requires complex computing calculations and excessive consumption of power to mine, most still haven’t heard of CureCoin
CureCoin, similar to Bitcoin, is a different type of ethical crypto-currency that benefits humanity. It replaces the technical computations used in mining Bitcoin with a concept known as protein folding. Protein folding is a crucial procedure currently helping scientific researchers at Stanford University find cures for common, critical illnesses such as Alzheimer’s and Cancer.
CureCoin is linked to Stanford University’s Folding@home Program, which allows users to simulate protein behavior on their computers and provides data back to Stanford that helps the Scientific Community advance in medical research. The project is part of a large-scale distributed computing effort where everyday users can benefit from a worldwide study on protein folding research in the comfort of their homes.
Developers at the CureCoin Forum said “It is not just Bitcoin that has gained traction amongst the online community, many other alternative currencies exist. What distinguishes CureCoin from Bitcoin and other digital currencies is that anyone can mine CureCoins using an ordinary CPU or GPU, to further enhance medical research in curing fatal illnesses such as Huntington’s and Parkinson’s. Bitcoin, on the other hand, can only work with specialized hardware and software to perform large amounts of computations, wasting ‘Billion$’ in energy consumption every day.”
This unique collaboration makes CureCoin an attractive global proposition for mining enthusiasts, humanitarians and new users looking to tap into this rising trend of alternative currencies.
Officially launched in May 2014, its appeal to potential miners is evident as thousands of users are already flocking to mine and trade in CureCoins.