Price of Grin is $ 1.17 – 0.00012414 BTC and its market cap rank is 99. Grin market cap is $ 38,499,507. Circulating supply of Grin is 32,985,600. 1 BTC = 8055.43 GRIN. Highest Grin value was recorded in January 16, 2019 about 1 year ago and its price was $261.65 with 99.6% rising rate. Lowest Grin value is $0.866616 with the 34.4% lapse rate. It was recorded in October 25, 2019.
What Is Grin
Brand new Grin market and cryptocurrency is a project focused on privacy, scalability and traceability, briefly built using a MimbleWimble protocol with various optimizations. MimbleWimble blockchain protocol was introduced by Tom Elvis Jedusor in July 2016. Protocol revised by Adam Poelstra a few months later and have combination of many innovative technologies to radically change the functioning of Bitcoin transactions and reduce the blockchain size. MimbleWimble primarily addresses privacy and scalability.
Grin has a scalable system based on the number of users rather than the number of transactions. In order to better understand Grin, it is necessary to focus on components such as consensus and monetary policy. Grid stores transaction quantities and transactions where all tool information can be combined and removed, and blocks like MimbleWimble contain no transactions.
Grin buy sell transactions can be done stock markets below:
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Advantages Of Grin
Unlike Bitcoin right now, Grin aims to be a currency rather than a value store to trade. Grin currency uses a linear supply schedule where overall supply is unlimited, and this model encourages users to spend instead of HODL. While Grin’s inflation rate starts from a high level, it will fall below 10 percent in 10 years and will approach zero after a while. The block reward will remain stable over time.
Grin doesn’t use one of the flashy new consensus mechanisms like Proof of Stake (PoS) for consensus. Instead, Grin has a Proof of Work (PoW) structure using the Cuckoo Cycle algorithm.