Curecoin

Curecoin (ticker symbol: CURE) is a Bitcoin-like digital token designed to reward those who create computing power for the DCN. It uses decentralized blockchain technology to allow unlimited and nearly free exchange of Curecoins on the Curecoin network.

Overview

Curecoin aims to increase the maximum potential of Distributed Computing Networks (DCN) around the world that are searching for important answers to medical, scientific, and mathematical problems by incentivizing the donation of computational resources, such as GPU’s and CPU’s. Incentivization is done through the creation of a unique blockchain which rewards this research.

Curecoin is based on a unique, custom Proof-of-work/Proof-of-stake hybrid mechanism. Here, the work done for PoW consensus is not demonstrated by solving complex calculations, such as those done in most PoW coins like BTC, but instead by performing protein folding simulations. Every simulation needs a huge amount of computing power to complete, and the Curecoin network provides just that in the form of what it calls ‘folders’, while securing the network with miners.

CURE uses the SHA-256 hashing algorithm, like Bitcoin. The only difference is, the network is divided into two groups of people, miners and folders. Folders are generally nodes who have high-end CPU or GPU setups; They are the ones who actually perform the biological computations and protein folding simulations, and thus receive a percentage of CURE coins in proportion for the work done and the computing power contributed to the research project.

Curecoin’s current model is based closely on the Bitcoin Proof-of-work (PoW) model, but with a few key differences. Unlike Bitcoins PoW system that uses miners to hash mundain mathematical problems to secure the blockchain; Curecoin uses the automated distribution system from cryptobullionpools.com to reward miners who contribute computational power to our select DCN(s), a fair share based on the percentage of the computational power they give to the network. We then use a proof-of-stake (PoS) system, similar to PeerCoin, to reward those who contribute to the security of the blockchain which is a much more (environmentally/power) efficient way to secure the blockchain^[1]^[2]^[3]^[4].