Einstenium is a cryptocurrency created by The Einsteinium Foundation's to generate funds for scientific research projects.
Part of Einstenium's mining reward (2.5%) goes to a pool to award an applicant's research project elected by the Einstenium holders through voting. Voting requires a fee of 1 EMC2.
Three studies have been awarded by the Foundation. The first, in 2014, granted a cancer research 300,000 EMC2. The second, a month later,awarded a research into diabetes with 500,000 EMC2. TheShow more [+] hird, awarded to a research involving sleep deprivation, also included a successful crowdfunding.
EMC2 ouses the scrypt proof-of-work-protocol for consensus.