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A new research initiative COVID-19 rewards taxpayers with cryptocurrencies

June 17, 2020

The decentralized infrastructure company as a Service CPUcoin announced a new joint program with Berkeley Open Infrastructure for Network Computing (BOINC).

The initiative will use unused computing power for coronavirus research.

Users who download and install the CGN Miner platform and the open source BOINC software from CPUcoin contribute to the IBM World Community Grid and Rosetta @ home projects with their unused computing power And in return, they get cryptocurrencies.

A new research initiative COVID-19 rewards taxpayers with cryptocurrenciesA new research initiative COVID-19 rewards taxpayers with cryptocurrencies

Rosetta @ home focuses on the study of proteins that make up the new coronavirus to make therapies and diagnoses.

IBM World Community Grid is working to predict the effectiveness of certain chemical compounds as a possible treatment for COVID-19.

Users are rewarded with the CPUcoin token

As soon as the CGN Miner platform detects when someone supports COVID-19 BOINC projects, the user receives CPUcoins, a utility token that can be exchanged for other cryptocurrencies such as Tether (USDT), Bitcoin (BTC) and Ether (ETH) ) in ProBit Exchange.

Sean Barger, CEO of CPUcoin, told Cointelegraph:

“CPUcoin does not have a computer infrastructure, but belongs to network participants, also known as ‘CGN Miners’. Miners are rewarded for their computer time in CPUCoin’s native cryptocurrency CPU. The CPU is used to paying for the consumption of decentralized services that are started by developers and as well as payments to miners for computer failures. “

Barger believes that CPUcoin’s partnership with BOINC represents a “fundamental milestone” for blockchain and cryptocurrency companies’ continued pursuit of business and mainstream acceptance.