Description
Grin is an open-source, privacy-focused cryptocurrency utilizing the MimbleWimble protocol, emphasizing scalability, privacy, and fungibility. Launched on January 15, 2019, without pre-mine, ICO, or founders' rewards, Grin was fairly distributed and is community-driven. The project features no addresses or transaction amounts on its blockchain, using a model where both wallets communicate online to record transactions, thus maintaining a lightweight, scalable blockchain. Grin employs the Cuckoo Cycle PoW consensus with dual hashing algorithms to resist mining centralization and enhance fairness. Its unique approach to transaction privacy and efficiency contributes to the evolution of web3 by addressing anonymity and usability in digital currencies. Grin aims to empower unrestricted, censorship-free transactions globally, offering two main wallets: Grin core and Wallet713.
Grin is an open-source, privacy-focused cryptocurrency utilizing the MimbleWimble protocol, emphasizing scalability, privacy, and fungibility. Launched on January 15, 2019, without pre-mine, ICO, or founders' rewards, Grin was fairly distributed and is community-driven. The project features no addresses or transaction amounts on its blockchain, using a model where both wallets communicate online to record transactions, thus maintaining a lightweight, scalable blockchain. Grin employs the Cuckoo Cycle PoW consensus with dual hashing algorithms to resist mining centralization and enhance fairness. Its unique approach to transaction privacy and efficiency contributes to the evolution of web3 by addressing anonymity and usability in digital currencies. Grin aims to empower unrestricted, censorship-free transactions globally, offering two main wallets: Grin core and Wallet713.
