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$0-2.36%
Translated title to
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Translation by ChatGPT
Grin
More Detail
$0
-2.36%
Total dollar volume24H
$86,964
High24H
0.05781 USDT
Low24H
0.053 USDT
Market Cap
#803$11,247,747
FDV
$11,247,937
Market Cap / FDV Ratio
1.00
Turnover rate
0.77%
Circulating supply
205,817,700
Total supply
205,817,700
Max supply
∞
All time high
15.88 USDT
All time high date
Jan 28, 2019
Down from All time high
-99.66%
Cycle low
0.01319 USDT
Cycle low date
Mar 30, 2025
Up from cycle low
314.33%
Official links
Website
White paper
Socials
Reddit
Discord
Introduction
Grin coin is a private & lightweight open source project based on the mimblewimble blockchain implementation. MimbleWimble is a lightweight blockchain protocol proposed by anonymous author that goes by the name Tom Elvis Jedusor (inspired by Harry Potter) in July 2016. Since then, the proposal has gained a huge following among Bitcoin and privacy advocates. Unlike bitcoin or ethereum, there are no addresses in Grin. In order to transact using Grin, both wallets must communicate with each other online with the results broadcasted to the network. Another key different is that transaction history (sender, receiver, amount) will not be recorded on the blockchain. Due to the removal of these information from the transaction, the data size remains small and that keeps the blockchain lightweight. New nodes can easily join the network without having to download a large blockchain. Grin coin was launched without an ICO, fundraising, or pre-mine. Developers around the world contribute openly with the goal to ensure the coin distribution remains as fair as possible. There are 2 popular wallets widely available to interact with the Grin network. Grin core wallet: https://www.coingecko.com/buzz/how-to-use-grin-wallet-to-send-receive-grin-coins Wallet713: https://www.coingecko.com/buzz/how-to-use-grin-wallet713-to-send-and-receive-grin-coin-step-by-step-guide The consensus algorithm used by Grin is the Cuckoo Cycle proof-of-work based. There are 2 hashing algorithms involved with Grin. Cuckoo-29 is meant for GPU mining while Cuckoo-31 is meant fo ASIC mining. This is a deliberate design to encourage miners to eventually move into ASIC mining for efficiency while keeping it fair at the beginning of the launch. Grin coin has launched its mainnet on 15th January 2019 and is now available for mining and trading.
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