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Grin is designed to provide a private, scalable, and censorship-resistant form of digital money based on the MimbleWimble protocol. It aims to empower individuals to transact freely and securely without revealing transaction details or being subject to external control.
Grin utilizes the MimbleWimble protocol, which allows transactions to be verified without revealing information about the parties involved or the amounts. This ensures a small blockchain size, minimizing data bloat and enhancing scalability while maintaining privacy.
Grin's benefits include enhanced privacy through no recorded transaction amounts or addresses, scalability via a lightweight blockchain, and a fair launch without pre-mine or ICO, embodying a truly decentralized ethos free from centralized control.
Grin employs the Cuckoo Cycle proof-of-work consensus, with two hashing algorithms for GPU and ASIC mining. This encourages miners to transition efficiently while maintaining fairness and resisting mining centralization through regular algorithm updates.
Unlike other privacy coins, Grin uniquely utilizes the MimbleWimble protocol, eliminating transaction address and amount data, thus preserving both privacy and blockchain lightness. This approach combined with its fair launch distinguishes Grin in the privacy coin niche.
For interacting with the Grin network, users can choose from two popular wallets, the Grin core wallet and Wallet713. These wallets ensure secure sending and receiving of Grin coins while maintaining the network’s privacy and decentralization features.
Grin is a privacy-centric, open-source crypto using MimbleWimble for scalability and privacy, with no pre-mine or ICO, and a community-driven approach. It aims for a lightweight, private blockchain with PoW and regular updates for decentralization.
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.
