The Decentralized Infrastructure as a Service CPUcoin company announced a new joint program with Berkeley Open Infrastructure for Network Computing (BOINC).
The initiative will dedicate unused computing power to coronavirus research.
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Users who download and install the CGN Miner CPUcoin platform and the BOINC open source software contribute their unused computing power to the IBM World Community Grid and Rosetta@home projects and in turn get crypto currencies.
Rosetta@home focuses on research into proteins comprising the new coronavirus to produce therapies and diagnostics.
IBM World Community Grid works to predict the effectiveness of particular chemical compounds as possible treatments for COVID-19.
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Users rewarded with the CPUcoin token
As soon as the CGN Miner platform detects when someone supports the COVID-19 Corona Millionaire projects, the user will receive CPUcoins, which is a utility token that can be exchanged for other cryptom currencies such as Tether (USDT), Bitcoin (BTC) and Ether (ETH) in ProBit Exchange.
Bitfury is the latest crypto industry player to join the COVID-19 research project
Speaking to Cointelegraph, Sean Barger, managing director of CPUcoin, said:
„CPUcoin has no IT infrastructure, but is owned by network participants, also known as ‚CGN Miners‚. The miners are rewarded for their computer time in CPUCoin’s native crypto currency, CPU. The CPU is used to pay for the consumption of decentralized services that are and will be launched by the developers, as well as to make payments to the miners for computer downtime.
Barger believes that the CPUcoin partnership with BOINC marks a „fundamental key milestone“ in blockchain and crypto-currency companies‘ continued quest for business and conventional adoption.