Gridcoin was launched on October 16th, 2013 following an announcement on cryptocointalk.org. Gridcoin was originally Scrypt with 84 million coins. Boinc magnitude was measured by monitoring processor utilization and awarding 150grc for an average dual core project.
Gridcoin Classic retired. Coins converted to Gridcoin Research through foundation, pool, and CCEX. 10:1 ratio awarded. Gridcoin Research client released. Research initial supply: 340,569,880. Decreasing Interest rate: 9% to 1.5% descending between 11-2014 and 11-2015.
Gridcoin Foundation launched. Foundation funded with unclaimed burned coins. Supply 35 million.
GRC wallet upgraded to Generation II (Professionally branded, Chat links, Block Explorer and Trading page added), subsidy decay schedule and Auto-Upgrade added.
Released Magnitude Calculation V2 : Ensures fair compensation per boinc project, removes cheat attack vectors.
3.2.7.1: Added ability to send a message with a transaction. Recipient may double click the tx from txlist and read the message. Added smart contract framework. Added ability to store keys and values in the blockchain.
Added ability to track coins (verify they were ackowledges by the recipients client).
Added ability to store Boinc Projects in the chain using the PDS, and ability to whitelist/blacklist boinc community approved projects.
The neural network allows a certain number of nodes to assess the entire magnitude level of the network, one row for each boinc user, arriving at a single matching consensus report, with a matching hash, CPID and magnitude per user for the supermajority. This report is designed to be the input for the daily superblock.
Added blockchain voting. Allows the community to vote on issues by magnitude or balance, and see the results of the votes as a pie chart. Linux users may run rpc commands to view the textual results.
No longer reliant on centralized credit checking through Netsoft. The Neural Network supplies 100% of the magnitude levels by decentralized project RAC gathering and quorum communication.
Research Age allows more efficient and accurate payments to be made without continuously staking blocks. A client offline for a month for example still gets compensated for all historical RAC when the node comes back online. Payment is now AccrualAge*AvgMagnitude*MagnitudeUnit*COIN.
Added network traffic graph. Merged in cryptocoin security changes (DOS malleability, txout, txin, non-data, checkmultisig), added standard RPC features found in other coins.
Added ability to create Advertising campaigns or Expense Reimbursement requests. These may be voted on and paid by the foundation. Added GUI to list, chart and vote.
Binary superblocks store data more efficiently to save blockchain space. We have one per day consuming approx 100k.
Starting at block 725000 we require each researcher to generate a boinc keypair and sign blocks with the private key. The public key is stored in the Public Beacon indexed by CPID. This gives Gridcoin a very high level of security against hacking or theft of CPID.
Electrum client for Android & iPhone. Allows payments to be made via mobile devices.
Multiple developers on-board, cross-train backup devs for deployments, no central reliance on a single developer or single process.
Implement Multi-Sign transactions for Foundation Expenses: Require multiple signers to release foundation funds.
Finish porting all remaining windows features to linux (Voting UI, Foundation UI, Neural Network UI) - to ensure all GUI features work cross platform.
Testnet Branch and QA process goes live. Ensure the Testnet branch is a separate codebase. All release candidates are tested through QA before merge into Prod.
Store Document attachments in chain (expense reimbursements, document storage leases).
Ensure we have back up Web Developer and WebHost and SSL keys are shared, Code Config Manager, Document Repository/Deployment repository backup cross trained and ready to step in to relieve centralization of GRC.
Port best of breed security and bitcoin missing features or updates into Gridcoin.
Gridcoin sleek cosmetic UI finished (ability to control boinc, one click setup, auto-detect boinc settings, ease of use cosmetic features for any user level, iPhone style unified UI, improved error detection, improved assumption tree), foolproof usage, no prior domain knowledge required to use GRC.
Smart Contracts refined and fully released: Allow GRC to come to a daily consensus for supported asset pricing (IE crypto prices, stock equity prices), and allow smart contracts to be settled in GRC based on the Asset price outcome at the deadline causing escrow to transfer to the smart contract recipient.
E-commerce gateway instructions released, payments via GRC -> USD via debit card are now supported. Those using GRC debit cards may purchase items and the back office will transfer GRC->BTC->USD to execute payment. The E-commerce gateway is a REST snap in allowing payments in GRC to be processed as a BTC reimbursement in real time.
SQL Integration (Replicate Contract Data to Volunteer SQL Servers, allow queries from query analyzer within the Coin).
REST Integration with DAO: Allow owner of DAO to store on chain assets, allow integration for deposit/withdraw from DAO within GRC RPC through RESTful URLs.
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