Curecoin was released in May 2013. Through the Folding@Home project, it combines the SHA256 proof-of-work algorithm and the study of protein fold structure. Protein fold research requires simulation of the biochemical reaction of proteins to be used to discover new drugs to cure diseases, but this process requires a lot of computing resources.

Project Highlights

urecoin describes itself as a cryptocurrency utility token dedicated to replacing ASIC mining with protein folding calculations – helping scientists find new drugs instead of mining hashing. Curecoin aims to accelerate medical research related to cancer, Alzheimer's, antibiotics, diabetes, Huntington's, Ebola, Zika, HIV, Parkinson's, reuse of drug compounds and astrobiology.
With the release of version 2.0 in December 2018, Curecoin claims to be 90% more efficient than ASIC mining. Registered protein folding participants continue to receive distribution from Cryptobullionpools.com’s “automated oracle”, where the premise balance cache is in the cold storage (visible on the block browser). The network has been transformed into pure Proof-of-Stake (average reward of about 10% per year), which helps protect Curecoin's network.

Half in 2020

The Curecoin Folding Team, which encouraged Stanford University’s team members to conduct the research, has passed half of the first phase, essentially reducing the daily token rewards by half. This is the 4th anniversary of Curecoin's reward reduction and will be conducted every 4 years until 2106. The timeline is based on 100-year original documents by Curecoin founder Maxwell Sanchez. "This is an extraordinary milestone that demonstrates the stability and lifespan of the Curecoin blockchain as a reward system for citizen scientists," said Ivan Tuma Jr., a member of the core team.

Since Curecoin was launched on May 10, 2014, the daily reward (i.e. distribution) is 7488 tokens per day for folding proteins. Spending was cut in half, so the new spending on protein folding was 3,744 tokens per day. The next half-life of Curecoin 1.x is scheduled for May 10, 2022. The Curecoin network also issues tokens as part of the Proof of Stake system and SHA-256 mining proof of work. The income from the protein folder is four times the number of tokens miners receive. Check out the life cycle and daily delivery schedule. The number of tokens issued to miners has also been halved for the first time recently. The action to halve daily payments every four years helps reduce the supply of tokens. This is a convention initiated by Nakamoto moto, the anonymous creator of Bitcoin.