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Gridcoin SWOT

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Published: 30 Dec 2018 › Updated: 30 Dec 2018Gridcoin SWOT

Gridcoin SWOT

What about a quick SWOT analysis of Gridcoin project? This could give us some clues about course of action in 2019 and current state of the project.

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Strengths

  • Developers work diligently and have pushed several updates during 2018; slack development channel is busy with code discussion and improvements proposals 365 days a year regardless GRC market price
  • Average number of active users is steadily growing despite huge GRC price losses during 2018

Weaknesses

  • Gridcoin is a currency system, but GRC is not working as money - you cannot buy almost anything with GRC; you can almost only exchange GRC for some other cryptos, like BTC or LTC
  • Interest in BOINC is slowly diminishing over the years
  • While Gridcoin network is several times faster and has larger throughput than Bitcoin network, still it has scalability issues and is very slow in comparison to Stellar or Steem

Opportunities

Threats

  • Several projects (like Golem, Hadron and a few more) aim to build distributed computational networks and markets
  • Governments will force more regulations on cryptocurrencies and are unlikely to peacefully give up currency control
  • Low GRC price has negative impact on new users acquisition and development capabilities due to low Foundation fund value.

What would you add to the list or remove from it?

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