Cause-Coins

Cryptocurrency "Mining" Develops Scientific Research

Folding
Folding uses your computer to simulate how proteins fold in your body. This is the Folding@home project developed by Stanford University. Anyone's everyday laptop, PC, or Mac can produce meaningful research results, but the stronger your computer is, the more credits will be produced. Medical and scientific researchers use the simulated proteins to find new advances in medicines.

What is FoldingCoin?
Donors to Folding@home have always received a "feel good" high score on the Stanford web page. But there were no tangible rewards. Until now. Using Bitcoin 2.0 technology, we have created a "FoldingCoin" token (FLDC) that is distributed to you as a reward for folding. This is a new currency that can be transferred from person to person using the Bitcoin blockchain and the Counterparty protocol. FoldingCoin is valuable because it represents time and resources you contributed to research new medicines. Our team is working on getting this new currency on select cryptocurrency exchange sites, so that people who are not folding can buy the token from you to support your computer folding time,

Appeal to the BTC Community
Many Bitcoin evangelists have a problem with all the wasted energy that has gone into mining for AltCoins. The trouble with these AltCoins is that many are just a “pump and dump” coin that retains no value in the end. Coins die all the time in this space. But FLDC does productive work other than securing a blockchain. FLDC is so much more appealing to the BTC community since it represents a real benefit to humanity through medical research.

Appeal to the Altcoin Miners
Mining in cryptocurrencies such as Bitcoin (BTC), as well as Scientific Grid Computing (Folding@home), are both great measures of user-contributed computing power. Cryptocurrency mining has mostly been converted to ASIC hardware in recent months, so there is not much standard GPU and CPU hardware used anymore in traditional “mining”. There are a lot of old miners with a lot of idle GPU and CPU hardware. FoldingCoin (FLDC) was developed as both a way to use that hardware productively, and also to provide a boost to the Stanford University Fodling@home (FAH) network. By adding a cryptocurrency element to FAH, this attracts gamers, computer enthusiasts, and old miners. They may not have contributed idle hardware to FAH if all they were getting was points on a leaderboard and a “feel good”. But now that they can get a cryptocurrency token in exchange for their folding credits, FAH becomes attractive to a whole new user population.

The Difference Detween FLDC and Altcoin 
FoldingCoin is based on the Counterparty protocol. All FLDC transactions are transferred on the BTC blockchain rather than a separate blockchain. Since FLDC is built on the BTC blockchain, it shares all the same advantages of the Bitcoin network. Some of these advantages are:
BTC miners approve the transactions

When you send FLDC to another wallet you are also sending a small amount of BTC in addition to FLDC
Distribution has been locked by the Counterparty protocol ensuring that even the developers of the coin can’t introduce more FLDC into the market.
As Bitcoin and Counterparty developers innovate, we evolve with them. We share a wallet and blockchain. With FLDC you do not have to wait on our dev team to develop new apps like mobile wallets. When Counterparty creates them, FLDC is compatible automatically. Most AltCoins have to develop their own apps since they have a separate blockchain.

Since FLDC shares the Bitcoin blockchain, we automatically get security and GUI updates as the Bitcoin and Counterparty developers release them.
No mining is required by FLDC. All tokens have already been created and are held in a distribution wallet http://www.blockscan.com/assetInfo.aspx?q=FLDC. The advantages of not requiring mining are as follows:

This allows our team to focus on the adoption, distribution, and economy of the coin, and not software development of the coin itself.
No energy is wasted securing a blockchain, all resources are strictly for Folding@home work units.
There is no exposure to a 51% attack unless it happens to the Bitcoin network itself.
CGminer and other mining applications are very confusing and require a lot of patience and research for the first time miner. The FAH program and FLDC has made it incredibly easy for anyone to start right away. http://foldingcoin.net/index.php/step-step/ 
Counterparty allows holders of assets to have a voice on major changes affecting their asset. This is done via “vote” tokens. This would have to be deployed by the FLDC development team. The FLDC project has secured 10 different FLDCVOTE http://blockscan.com/asset.aspx?q=fldc tokens, so any future voting could have up to 10 outcomes. Examples of future topics that could be put to a vote include:
Whether to modify the 500,000 FLDC per day payout
Whether FLDC should move to other platforms such as Etherium https://www.ethereum.org/ or Mastercoin http://www.mastercoin.org

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