In 2017 cryptocurrencies broke records for wasted electricity per transaction, with Etherium consuming 44kWh/transaction, and Bitcoin coming in at 240kWh/transaction while producing absolutely nothing of use beyond a valid financial ledger. Biocoin aims to change this by applying the fundamental requirement of cryptocurrency mining, the proof-of-work, to scientifically useful simulations.
The Biocoin network isn't just for computing scientific data, but also exists for the processing of financial transactions. For this to function in a stable manner without a long-standing dependency on the developers and project maintainers the network needs to be distributed without a central point of potential failure. Biocoin isn't the first cryptocurrency to attempt the useful proof-of-work concept, but it is the first to do it in a truly distributed manner thereby making it a viable cryptocurrency.
Biocoin employs state of the art cryptographic technologies to ensure the security of financial transactions alongside advanced protocols employing systems of feedback to keep currency parameters such as the inflation rate stable over time. Biocoin is also quantum resistant and is therefore expected to remain secure even after quantum computing reaches the power required to break less secure algorithms such as those used by Bitcoin, which if Moore's law continues to predict qubit density as well as it has transistor density will be around 2023.