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Price
$0.0598
10/4/2022, 4:03:27 AM
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Market

Market stats

Market cap

$5.7M

Volume (24h)

$53,930.89

Circulating supply

98.2M GRIN

All time high

$14.87

Price change (1h)

-0.42%

Price change (24h)

-2.03%

Price change (7d)

-11.27%

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Grin is on the decline this week.

The price of Grin has fallen by 11.27% in the past 7 days. The price declined by 2.03% in the last 24 hours. In just the past hour, the price shrunk by 0.42%. The current price is $0.05983 per GRIN. Grin is 99.60% below the all time high of $14.87.

The current circulating supply is 98,212,860 GRIN.

About

What Is Grin (GRIN)?

Grin (GRIN) is a platform that seeks to provide the feasibility of electronic transactions to everyone without restrictions. The website aims to make GRIN a very secure place for transactions. The aim of Grin is to offer transactions on the blockchain without displaying openly any value or address. The platform uses Mimblewimble protocol design to operate. Mimblewimble is a blockchain design that concentrates on data privacy and network scalability. The design of the blockchain is such that it prevents revealing user information. The whitepaper lists out the possible ways in which the Mimblewimble blockchain can safeguard users' data and make the blockchain scalable and secure. 

GRIN, the platform's token offering, uses unique cryptography to secure past transaction data. The platform also aims to launch GRIN as a token free of ICOs, or founders rewards.

Also, GRIN uses two variants of the Cuckoo cycle Proof of Work (PoW)consensus mechanisms:

  • Cuckaroo (ASIC-resistant) and

  • Cuckatoo (ASIC-targeted)

A Cuckoo cycle proof of work operates on the graph-theoretic framework, with instant verification benefits. On the other hand, ASIC is an application-specific integrated circuit or a digital device or hardware for mining. The goal is to provide the users with a seamless experience of fast transactions on the blockchain. The platform also plans to offer three wallets: Grin++ and Niffler for the website and IronBelly, a mobile wallet for Android and iOS. 

The vision of GRIN is to scale up with the increase in the number of users. There is considerable space-saving for each transaction since there is a minimum scaling with the Mimblewimble protocol. 

History of Grin (GRIN)

As per the website, the launch of the project and the website was on January 15th, 2019. The publishing of Mimblewimble whitepapers by a pseudonymous developer, Ignotus Peverell, was in 2016. The same developer was responsible for working on a minimal implementation protocol named GRIN. The pseudonym Ignotus Peverell is a character in the wizarding world of Harry Potter. The character is famous for receiving the cloak of invisibility from death and hence is suitable for the platform's vision. GRIN came into the picture with many more developers joining in with pseudonyms from the Harry Potter book. So, GRIN belongs to a community of developers and contributors who intend to develop a private and lightweight blockchain.

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FAQ

What is the current price of Grin?

The price of 1 Grin currently costs $0.0598.

What is the market cap of Grin?

The current market cap of Grin is $5.69M. 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 $14.87. 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 $53.93K.

What other assets are similar to Grin?

Assets that have a similar market cap to Grin include PointPay, Venus DAI, Molecular Future, 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.

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