Gridcoin (Ticker: GRC) is a decentralized, open source math-based digital asset (crypto-currency). It performs transactions peer-to-peer cryptographically without the need for a central issuing authority. It is the first block chain protocol that delivered a working algorithm that equally rewards and cryptographically proves solving BOINC (Berkley Open Infrastructure for Network Computing) hosted work, which can be virtually any kind of distributed computing process (ASIC/GPU/CPU/Sensor/Etc).