Discover Elige - Computational Biology On Blockchain

https://www.elige.re/

The popularity of cryptocurrency is increasing every day. With such high interest, the prices are climbing through the roof. This has created a surge in people mining for coins. Mining for cryptocurrency needs lots of computing power and electricity. Elige takes a new approach to cryptocurrency mining. There is a lot of underutilized processing power on your home computer. With Elige, people can combine their home computing power to join an effort to discover new proteins and drugs to make cures. The results of these efforts are offered up for bidding. The payment from these bids is then distributed to the people who supplied the home computing power.

This approach is quite different from other similar projects like golem or sonm. Those companies sell computational capabilities, while Elige is using them for a defined purpose. Elige will combine existing programs searching for new medicines and utilize the network of peoples computers to complete the calculations. Processed data will then be stored on the blockchain, and miners can receive appropriate awards based on the solutions.

After a solution is found using the network, it is locked for a year using the smart contract. Then it is offered for sale to various companies. I think this is a great new approach to utilizing excess computing power. Some of the potential areas of research include cancers, HIV, protides, and chemical compound research.

Elige is offering an initial token sale. The token is going to have two main functions. First, it is a way to pay the miners or network participants for the use of their computers to perform the calculations. Tokens will also be used to pay for the solutions found on the platform. I think that this is a great opportunity for investment. The great part is that it is also helping the world! The image above is how the funds from token sales will be used. Also, check out the links to their website.

https://www.elige.re/

https://www.elige.re/whitepaper.pdf

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