What is GridCoin Wallet?

GridCoin is built on top of a large network of computing devices, BIONC (Berkley Open Infrastructure for Network Computing), which is not limited to any single algorithm, program or hardware. GridCoin comes up with Proof-of-Research algorithm that gives the computers something meaningful and productive to do instead of racing to solve meaningless equations. The GRC researchers work on problems like curing diseases, studying the climate, or mapping genomes. BOINC supports Windows, Linux, Mac OS X, and Android. You don’t need special hardware to earn rewards and participate for your contributions to research. The intended use cases for GridCoin include research for curing incurable devices like Cancer, AIDS, Alzheimer's, etc. GridCoins are worth at least as much as the electricity being consumed for the research payments.

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List of best 5 GridCoin wallets in 2020

The top 5 GridCoin wallets in 2020 are:

GridCoin Wallet For Windows

GridCoin Wallet For Mac

GridCoin Wallet For Linux

HolyTransaction

Coinomi

#1 GridCoin Wallet For Windows

You can just install it without uninstalling first, but make sure you always make a backup first. If any pop up comes that the version is from an unknown source then click on "read more" and it will lead you to the option to continue. Otherwise, just simply follow the prompts, don't change anything, and you'll be good to go! Its always better to uninstall from the control panel from the old version, than delete from program files or the GridCoin folder if left after the control panel uninstall and then install the new one.

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#2 GridCoin Wallet For Mac

For building GridCoin on any macOS operating system, you must have either Xcode tools or Xcode Command Line Tools installed. When you download it, it will take you several days to process transaction history, like around 150 days, as it is time-consuming. The main reason there's no builder/package for Mac is that the majority of users don't have macs so it's only a small quantity of users to end up compiling it themselves. In order to avoid errors, you must find information on the Jiro build through issue reporting on the GitHub page.

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#3 GridCoin Wallet For Linux

If this is a clean installation, you can improve the time it takes to get into sync with the chain by downloading a snapshot. The snapshot is never perfectly up to date, but it will get you most of the way there. If you are recommending people encrypt their wallets it may be worth reinforcing the fact that if they lose their passphrase then the wallet is lost. Keeping an unencrypted backup offline on a memory stick in a drawer is good 'just in case' option. Also, I think the passphrase is hashed related to some component IDs in the machine you have the wallet on, so transferring the wallet to another machine will make the original passphrase useless.

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#4 HolyTransaction

HolyTransaction is a universal wallet that stores GridCoin, Bitcoin, Litecoin and 10 other coins from a single unified interface. It is a simple-to-use wallet, which uses both hot and cold wallet storage. You can set the wallet in minutes and the process is pretty easy for beginners to use. This is one of the best third-party wallets recommended by the GridCoin Foundation.

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#5 Coinomi

Coinomi is one of the oldest multi-platform, multi-chain cryptocurrency wallets available, trusted by over 2.5 million users. It is a Hierarchical Deterministic wallet that offers native support for over 125 blockchains and 1770 tokens and implements the strongest standards of security and privacy. It supports multi-seed setups, and each seed phrase can have its own encryption settings, according to its use case. No user data are ever collected by Coinomi, while users' IP addresses are obfuscated for total privacy. Coinomi was one of the first wallets to offer native segwit for BTC and 14 more blockchains, and users can switch between native segwit, compatibility, or legacy address formats with the click of a button. Users enjoy full control of their transaction fees and UXTOs in Coinomi while its UI is hailed as one of the most intuitive in the space, suitable both for first-timers and advanced users. Coinomi is translated in over 25 languages and boasts 175 Fiat representations as well.

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