Update on Grantcoin
Today as I was checking my computer I received a notification I had received my Grantcoin, I opened the wallet which I leave running and saw not one but two deposits. This was the first time I have received any Grantcoin, so I'm not quite sure why it was done it two deposits.
Exchanging and Using
Now that I have received my deposits of Grantcoin, I went about looking how to exchange the Grantcoin so I could use them! Both the Grantcoin and CoinMarketCap websites list only two exchanges where the Grantcoin can be exchanged.
- Bittrex -a Major US based exchange.
- SouthXchange - Exchange based in Argentina, has both English and Spanish interface.
Mining
I also was looking to see if there was a way to mine more! The coins code base was modified from Peercoin so right now they are using the sha256 PoW ( Proof of Work) Algorithm so unless you have a good ASIC the hash power is to high for most people to be able to achieve.
Right now you still can mine Grantcoin there is a pool at suprnova.com, but according to the Grantcoin website at some point they will be changing over by hard fork to a PoS (Proof of Stake) coin like Peercoin!
Possible Modifications: The Grantcoin Foundation may execute a hard fork in 2017 to transition to a token creation method based on an innovative modification of Proof-of-Stake.
The Grantcoin Blockchain Explorer. This can be used obviously to track or find transactions on the Grantcoin blockchain.
If you would like to sign up for Grantcoin, and you use my referal link both of us will recieve a bonus.
http://www.grantcoin.org/get-grantcoin/basic-income/?referral-code=zau0sohimj
You can read my original article https://steemit.com/challenge30/@smysullivan/grantcoin
Images the top banner came from their website, the wallet, and coin market cap images came from screenshots I took.
Thank you for reading, please upvote, follow, and resteem!
Thanks to @son-of-satire for this gif.
Thanks to SteemVerify.com and @elyaque