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About Grin

Grin is a lightweight cryptocurrency that implements the Mimblewimble protocol, striving to offer a unique balance of privacy and scalability. Unlike many other cryptocurrencies, Grin has no addresses, no amounts, and no need to store data of spent outputs. It is fully open-source and community-driven, with no single entity behind it. Grin's development is funded by donations and contributed to voluntarily by developers around the world. The coin distribution process is designed to be as fair as possible, with a linear emission of 1 GRIN per second, forever. This design strives to ensure the long-term security of the chain and a fair process of coin distribution to all participants.

Grin operates on the Mimblewimble protocol, which leverages cryptography to allow past transaction data to be removed without compromising security. This helps prevent the blockchain from becoming overwhelmed with data. Grin's block time is one minute, with a coinbase reward of 60 grins, creating one unit per second indefinitely. This linear emission results in a constant increase in supply but a decreasing rate of inflation, making the emission disinflationary. Transactions can be trivially aggregated, and to hide the origin of a newly created transaction, it gets relayed among a subset of peers before it is widely broadcasted.

Grin strives to provide a privacy-preserving digital currency that can be used by anyone, anywhere, without censorship or restrictions. It is designed for the decades to come, not just for tomorrow. The absence of addresses and amounts in Grin's design allows for a high level of privacy, as transactions can be easily aggregated and origins of transactions are hidden. This could make Grin a choice for individuals and businesses that prioritize privacy and security in their financial transactions. Furthermore, Grin's design strives to ensure long-term security and fairness, which could make it a choice for those who value these aspects in a digital currency.

Grin's history began in August 2016 when an anonymous person using the nickname 'majorplayer' dropped a link to a document titled 'Mimblewimble' in a Bitcoin research IRC channel. The document was authored under the pseudonym Tom Elvis Jedusor. Several developers took an interest in the document, including Andrew Poelstra, who later published a paper adding several refinements and a detailed technical description of the original whitepaper. In October 2016, a developer under the pseudonym Ignotus Peverell began work on developing an implementation of the protocol. This project, which was joined by others, eventually became known as Grin. Grin launched on January 15th, 2019.

Market

Market stats

Market cap

$4.9M

Volume (24h)

$153,967.56

Circulating supply

98.2M GRIN

All time high

$7.56

Price change (1h)

+1.39%

Price change (24h)

+7.24%

Price change (7d)

-10.89%

News about Grin

Unchained • Apr 26, 24

New Bitcoin Exchange Traded Product Launches in Germany, Chasing 24/7 Trading

A fresh entrant to the exchange traded spot bitcoin market has launched with an extended-hours trading twist. ETC Group, a crypto exchange traded product (ETP) issuer with about $1.5 billion of assets under management, on Thursday launched its ETC Group Core Bitcoin ETP. It trades on the German s...

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The Block • Apr 26, 24

Arkham Intel finds wallets associated with Wisdomtree’s Physical Bitcoin ETP WBIT

WBIT holds 8,900 BTC, worth around $579 million, across 134 wallets, Arkham Intel finds.

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The Defiant • Apr 26, 24

Bitcoin Layer 2 Stacks Prepares for Nakamoto Upgrade, its Largest Hard-Fork Ever

The network is “transforming into a true Layer-2” said Rena Shah of Trust Machines.

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Blockworks • Apr 26, 24

What was behind the run on Renzo’s liquid restaked ETH?

Renzo benefitted from the hyped up restaking narrative and points bonanza

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BeInCrypto • Apr 26, 24

Learn-to-Earn and Its Impact on Crypto Literacy and User Acquisition

Amongst the many things that set the crypto space apart is its constant stream of innovation, emerging trends, and evolving narratives, all of which continually push the boundaries of finance and technology. In a dynamic industry characterized by fast-moving players, trends such as Play-to-Earn (...

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Decrypt • Apr 26, 24

Ethereum Allies: Arbitrum Team Helps Optimism Avoid ‘High Risk’ Vulnerability

Reaching out to combat potential fraud, from one layer-2 to another.

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Grin is on the decline this week.

The price of Grin has increased by 1.39% in the last hour and increased by 7.24% in the past 24 hours. Grin’s price has also fallen by 10.89% in the past week. The current price is $0.0502 per GRIN with a 24-hour trading volume of $153.97K. Currently, Grin is valued at 99.34% below its all time high of $7.56. This all-time high was the highest price paid for Grin since its launch.

The current circulating supply of Grin is 98,212,860 GRIN which means that Grin has as total market cap of 98,212,860.

FAQ

What is the current price of Grin?

We update our Grin to USD currency in real-time. Get the live price of Grin on Coinbase.

What is the market cap of Grin?

The current market cap of Grin is $4.93M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Grin?

The all-time high of Grin is $7.56. This all-time high is highest price paid for Grin since it was launched.

What is the 24 hour trading volume of Grin?

Over the last 24 hours, the trading volume of Grin is $153.97K.

What other assets are similar to Grin?

Assets that have a similar market cap to Grin include NvirWorld, Electra Protocol, Particl, and many others. To see a full list, see our comparable market cap assets.

How many Grin are there?

The current circulating supply of Grin is 98 million.

Can I buy Grin on Coinbase?

No, Grin is not currently available on Coinbase, but you can sign up to get the latest news on Grin and be notified when it gets added to our exchange.

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