Details about Grin cryptocurrency
Grin
GRIN
7+ (click to see list)
2019-01-15
Multiple Algorithms
1
€8,417,609 ( 4.46963%)
€39,722
165,503,280
38.208
Unknown
https://grin.mw/
@grin_privacy
140609x
€7151.52
Grin price charts
Grin, the crypto
Grin is a privacy-focused cryptocurrency that is based on the MimbleWimble protocol. It was launched in early 2019 and is designed to be a scalable and lightweight alternative to other privacy coins like Monero and Zcash.
The point
The main point of Grin is to provide a high degree of privacy and fungibility without compromising on scalability. It achieves this through the use of the MimbleWimble protocol which allows for confidential transactions and the merging of transactions to reduce the size of the blockchain.
The problem
Grin aims to solve the problem of privacy and scalability in existing cryptocurrencies. Traditional cryptocurrencies like Bitcoin and Ethereum are not truly private and can be easily traced on the blockchain. Additionally, their blockchains are growing in size exponentially which can make them slow and unwieldy to use. Grin attempts to address these concerns by using the MimbleWimble protocol which allows for confidential transactions and the merging of transactions to reduce the size of the blockchain.
Compare GRIN and BTC performance
| Timeframe | GRIN | BTC |
|---|---|---|
| 1h change | 0.0316016 % | -0.549765 % |
| 24h change | 4.41 % | -1.83904 % |
| 7 day change | -1.57 % | -5.42791 % |
| 14 day change | -6.68 % | -5.02398 % |
| 30 day change | -15.15 % | -3.47658 % |
| 200 day change | 100.4 % | 126.537 % |
| Year change | -18.83 % | 126.622 % |