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grin

Grin Price (GRIN)

#1132
$0.071832
-0.22%
฿0.00000295
-1.99%
Market Cap

The market capitalization of a cryptocurrency is its current price multiplied by its circulating supply (the total number of mined coins).

Market Cap = Current Price x Circulating Supply.
$8.0M
Volume 24h

Volume 24h is referring to the total amount of a cryptocurrency traded in the previous 24 hours.

$515.6K
Circulating Supply

Available supply or circulating supply is the best approximation of coins or tokens in circulation and publicly available.

112,251,240
Total Supply

The total supply of a cryptocurrency is referring to the total amount of coins in circulation or locked minus the removed ones.

Total supply = Onchain Supply - Coins Removed from Circulation
-
Fully Diluted Valuation

The fully diluted market value is referring to a cryptocurrency's market cap when/if its total supply is issued.

-

Grin Price Chart (USD)

24H Change

-0.22%
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Grin Price Update

Grin price is $0.071832 , down 0.22% in the last 24 hours, and the live market cap is $8.0M . It has a circulating supply volume of 112,251,240 GRIN coins and a max. Supply volume of - GRIN alongside $8.0M 24h trading volume.
The addresses and transactions of Grin can be explored in https://grin.blockscan.com/ and https://grinexplorer.net/ .
Grin website is https://grin.mw/.

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GRIN

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About Grin

Grin Price


Grin is a privacy-focused cryptocurrency, which implements the Mimblewimble protocol, named after the fictional tongue-tying curse from the popular Harry Potter novels.  As the curse suggests,  the network hides public addresses and the amounts involved in transactions.


Check the current Grin price, market cap, circulating supply, trading volume, historical statistics, etc., along with in-depth information on several of the biggest and fastest-growing cryptocurrencies on CoinStats, one of the best crypto platforms around.


CoinStats is a cryptocurrency research and portfolio tracker app that provides investment advice and valuable information on cryptocurrencies, including the latest news, to help investors make better decisions.


Read on to learn everything you need to know about the Grin platform and the GRIN cryptocurrency.


What Is Grin


GRIN is a minimalist cryptocurrency that implements the scalability- and privacy-focused  Mimblewimble protocol for an uncommon balance of privacy and scalability. There are no wallet addresses in the chain, no amounts, and no need to store the data of spent outputs.


Mimblewimble is a variant of the cryptographic protocol known as Confidential Transactions, aiming to achieve privacy and prevent double-spending by allowing for transactions to be obfuscated yet verifiable.


GRIN is a  highly scalable, privacy-centric digital currency with robust privacy features. It enables global peer-to-peer transfers.


Grin's decentralized mining network enables users to make private transactions. Its secure nature makes it ideal for minimizing risk.


Grin Founders


Tom Elvis Jedusor placed the original Mimblewimble white paper on a bitcoin research channel in August 2016 and then disappeared.


In October 2016, Andrew Poelstra, a mathematician at Blockstream, implemented Jedusor's original idea in a precise paper and added further scaling improvements. A few days later, Ignotus Peverell started a Github project called Grin and began turning the Mimblewimble paper into something tangible.


Since then, Grin has grown into a working blockchain, without a formal work team or an official CEO, developed by various community members. It was launched in January 2019 without a pre-mine, ICO, or founders rewards and relies on donations by multiple companies and professionals to support the project's long-term development.


How Does GRIN Work

Grin is a cryptocurrency focused on privacy created by developers around the world. The developers want Grin to be usable by everyone regardless of borders, culture, skills, or access.


Without address information or amounts stored on the blockchain, the chain is meant to be lean and scalable. Transactions can be trivially aggregated. To cover the origin of the newly created transaction, it's relayed among a subset of peers before being broadcasted.


The Grin network is a community-supported open-source project. Grin isn't managed by a single organization, and its development is funded by contributions. Everyone can discuss, influence, or work on its development.


The blockchain applies the Cuckoo Cycle consensus algorithm for the security and accuracy of the operations. Cuckoo Cycle is a memory-bound proof of work system that wants to help level the playing field for cryptocurrency miners. It does this by introducing artificial bottlenecks in the memory of mining machines.


The result is that Grin aims to have much more egalitarian mining than its competitor Beam does.


Grin's block time is 1 minute, with a coin base reward of 60 Gin. Its linear emission produces a constant expansion in supply and reduces inflation.

The use of the Mimblewimble privacy protocol is what sets Grin apart. Mimblewimble uses cryptography to erase past transaction data without compromising security. It avoids the burden of the data that needs to be stored on the chain to destroy Grin.


Where Can You Buy GRIN


The top exchanges for trading GRIN are ZT, Gate.io, HitBTC, KuCoin, and BKEX.

No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyze and verify our content before relying on it. Trading is a highly risky activity that can lead to major losses; please, therefore, consult your financial advisor before making decisions. No content on our site is meant to be a solicitation or offer.

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