What is Curecoin (CURE)?
Future of CURE Cryptocurrency and know how to buy CURE

#1: What is CURE?

CURE: The Basics

Most altcoins do not have any practical purpose for the immense computational power it takes to confirm blocks on the blockchain, their sole purpose is the generation of new coins. Curecoin, a part of the Folding@Home project, is an innovative coin, that aims to use the massive amount of computing power generated from blockchain networks to further medical research and development. The computational power of the network will be used to perform various biological computations such as molecular computations or protein folding simulations. These will support on-going research in searching for cures for diseases such as cancer, Alzheimer’s, or Huntington’s.

CURE Development

  1. Curecoin was launched in 2014 as a part of the Folding@Home project. The F@H project is an initiative backed by Stanford University that uses a distributed computer network to collate computing power in order to study how proteins misfold themselves, resulting in diseases such as Alzheimer’s.
  2. Curecoin is one of the few coins that provides an incentive for GPU, CPU, and ASIC miners to take part in the network. It also enables the scientific community to use blockchain technology in a real-world application, and further the search for a cure for many debilitating diseases such as cancer.

 

#2: What are the benefits of Curecoin?

CURE Technology

  1. Curecoin is based on a unique, custom Proof-of-Work/Proof-of-Stake hybrid mechanism. Here, the work done for PoW consensus is not demonstrated by solving complex calculations, such as those done in most PoW coins like BTC, but instead by performing protein folding simulations. Every simulation needs a huge amount of computing power to complete, and the Curecoin network provides just that in the form of what it calls ‘folders’, while securing the network with miners.
  2. CURE uses the SHA-256 hashing algorithm, like Bitcoin. The only difference is, the network is divided into two groups of people, miners and folders. Folders are generally nodes who have high-end CPU or GPU setups; They are the ones who actually perform the biological computations and protein folding simulations, and thus receive a percentage of CURE coins in proportion for the work done and the computing power contributed to the research project.
  3. Miners are regular miners, with ASIC (Application Specific Integrated Circuit) setups, that help in securing and stabilising the CURE blockchain. They also receive a percentage of CURE coins in exchange for helping secure the network. Since the ratio of reward distribution between folders and miners is fixed at 80:20, the network remains balanced, without any one group dominating over the other.
  4. CURE also provides a staking feature, where users can stake their CURE coins, which helps secure the network and, in return, receive a percentage of CURE coins as a reward.

Key Features

  1. Noble aim - Curecoin is one of the few blockchain based projects that aims to harness the massive computing power generated by these networks in order to promote and further medical research and scientific development. It creates a win-win situation, by rewarding people donating their computing power to the network, and by allowing researchers and medical professionals to utilise immense computational power for the betterment of mankind.
  2. Unique merged mining concept - CURE uses three classification for nodes on its network: Miners, who are the usual ASIC miners who perform the PoW consensus in order to confirm blocks and secure the Curecoin network, and thus receive a share of CURE coins in return; Folders, who use their CPU and GPU setups to perform complex protein folding simulations and biological computations, and receive a reward for their computing power in the form of CURE coins; and Stakers, who also contribute to network security by actively staking their coins, receiving an interest of around 1% annually on them as well.
  3. Supported by scientific research community - Curecoin is the most prominent contributor to the Folding@Home project, contributing over 40% of the F@H network’s total computing power. This makes Curecoin an accessory to scientific research, studies and projects which are supported by the likes of Stanford University, making Curecoin very popular in the academic community for its significant contributions towards research in biology and protein folding.

 

#3: How to Buy & store Curecoin?

How to buy Curecoin

  1. Curecoin can be traded at exchanges such as Livecoin, Bittrex, and TradeSatoshi, with Livecoin being the largest by volume.
  2. Curecoin can also be mined via folding, or regular mining. The official mining/folding client can be downloaded from their official website[1]. CURE can also be earned via staking coins.

CURE Wallet

The official Curecoin wallet can be downloaded from their official website[2].

CoinSwitch

While cryptocurrency exchanges provide you with a platform to buy or sell the CURE cryptocurrency, CoinSwitch, the largest cryptocurrency exchange platform, comes in to help you make the right decision by providing the prices for CURE on multiple crypto exchanges. With support for more than 140 coins and 45,000 pairs of cryptocurrencies, you can choose whichever pair you want with your token and compare the prices at multiple exchanges. This way, you can choose the best deal for you!

What’s more - with CoinSwitch, you do not rely on a separate CURE wallet from the exchange to store your CURE cryptocurrency. Instead, all transactions happen to and from your own personal private wallets.

 

#4: What is the future of Curecoin?

Also Read: Complete Analysis of Curecoin | Live Curecoin (CURE) Price Charts And Predictions

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Jul 01, 2018

0.166208

0.177135

0.165269

0.166276

1389

3969240

Mar 01, 2018

0.466512

0.517748

0.445297

0.481425

65433

11126700

Oct 01, 2017

0.233525

0.271221

0.230871

0.242642

39444

5552250

May 01, 2017

0.057588

0.062279

0.054754

0.059589

8424

1522130

Dec 01, 2016

0.036041

0.038101

0.035467

0.036388

1734

952606

Jun 01, 2016

0.015955

0.018467

0.014784

0.018297

481

421714

Dec 01, 2015

0.011819

0.013347

0.011335

0.011371

95

308082

Jul 01, 2015

0.019212

0.019363

0.012971

0.013062

20

483117

Dec 01, 2014

0.010075

0.013902

0.01007

0.011322

257

253346

Jun 01, 2014

0.319919

0.380332

0.192698

0.199216

3663

448852

  1. After an initial surge, a lack of marketing meant that few people outside of academia and those invested in biological research and development knew about Curecoin.
  2. However, recent developments and a more concentrated effort to reach out to people outside of scholar circles means that Curecoin is slowly rising up.
  3. Prices may also rise as more and more CPU and GPU miners are alienated from larger, ASIC-biased networks such as Bitcoin.

 

#5: How is Curecoin different from other cryptos?

  1. Practical purpose - Curecoin is one of the few crypto projects that attempts to utilise the immense computing power and distributed nature of blockchain networks to further the cause of science. CURE helps scientists uncover the reason for certain genetic mutations and protein misfolds, which could possibly lead to the development of a complete cure for difficult to treat diseases such as cancer, and as-of-yet untreatable ones like Alzheimer’s.
  2. Fair and unbiased network - The separation of miners (nodes with ASIC setups), and folders (nodes with CPU or GPU setups) means that there is no direct competition with these two categories of miners. This is unlike larger networks like Bitcoin, where ASIC miners dominate the network and hold an unfair chunk of the total hashing rate of the entire blockchain, making mining with CPU or GPU setups not profitable or even feasible. The dynamically adjusting reward system, with the reward ratio of folders to miners fixed at 80:20, means that no one group can completely overtake the other to dominate the market.
  3. Innovative blockchain application - CURE is one of the few truly innovative applications of blockchain technology out there, providing an efficient ecosystem to solve a real-world issue. It benefits both the scientific research community and cryptocurrency enthusiasts at large.
  4. Established in relevant academic circles - Curecoin is very well known in academic circles, lending immense credibility to the project, and encouraging more adopters down the line. Curecoin also helps bridge the gap between academia and the general public, by allowing both o interact and utilise each other’s strength in a way that benefits the entirety of humanity itself.

 

#6: Should you invest in Curecoin?

  1. Since the Folding@Home project still has immense potential, with new projects requiring computational resources being added to the project everyday, Curecoin has very good long term prospects of continuing to be in demand
  2. The sense of contributing to scientific research and development, and helping millions of people around the globe by aiding scientists working to find a cure for debilitating diseases like Huntington’s, means that CURE will continue to see growth in user adoption and popularity. Becoming the cryptocurrency enthusiast’s source of philanthropy.
  3. While investing in any cryptocurrency is subject to their inherent volatile nature, the noble and innovative approach of Curecoin in using existing blockchain technologies to aid in real-world scientific research and development means that CURE is a very good coin to look into for investing.
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