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Grin Stock

Grin

GRIN

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Grin Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
GateGRIN/USDT0.05898.13240.3295,008.320cex1717/9/2025, 6:23 AM
BiboxGRIN/USDT0.042,535.09560.022,142.860cex17/9/2025, 6:21 AM
TradeOgreGRIN/USDT0.0500691.830.03cex17/9/2025, 6:21 AM
HitBTCGRIN/BTC0.030000cex17/9/2025, 6:21 AM
Gate.ioGRIN/BTC0.020000cex14/8/2025, 6:32 AM
Gate.ioGRIN/ETH0.010000cex14/8/2025, 6:32 AM
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Grin FAQ

{ "q": "about", "a": "Grin is a minimalist, lightweight cryptocurrency that employs the Mimblewimble protocol for a distinct blend of privacy and scalability. The blockchain is designed without addresses or amounts and eliminates the requirement to store data of spent outputs.\n\nGrin is entirely open-source and community-driven, with no central organization behind its development. Its progress is funded through donations and voluntarily undertaken by contributors. Anyone is welcome to discuss, influence, or work on its development.\n\nGrin features a block time of one minute, along with a coinbase reward of 60 grins per block, resulting in the continuous creation of one unit per second indefinitely. This linear emission leads to a constant increase in supply but achieves a decreasing rate of inflation, rendering the emission disinflationary. This straightforward design aims to maintain the long-term security of the chain and ensure a fair coin distribution process for all participants.\n\nIn August 2016, an anonymous individual using the nickname ‘majorplayer’ joined a Bitcoin research IRC channel, shared a link to a document, and then departed. The document, entitled ‘Mimblewimble’, was written under the pseudonym Tom Elvis Jedusor. Several developers showed interest, including Andrew Poelstra, who later published a paper offering refinements and a detailed technical description of the original whitepaper.\n\nBy October 2016, a developer identified by the pseudonym Ignotus Peverell began working on an implementation of the protocol and was soon accompanied by others in building what eventually became known as Grin. The project officially launched on January 15th, 2019.", "rank": "0" }

What is Grin?

Grin is a digital currency that emphasizes privacy, developed through the collaborative efforts of global developers. It operates on a unique protocol called Mimblewimble, which provides a distinctive combination of privacy and scalability. This protocol enables transactions to be conducted without disclosing specific details such as addresses or transaction amounts and eliminates the need to store data on spent outputs, resulting in a minimalistic and lightweight blockchain. The inception of Grin was inspired by a document shared in a Bitcoin research IRC channel by an anonymous figure known as 'majorplayer'. This document, authored under the pseudonym Tom Elvis Jedusor, laid the foundation for what would later be refined by Andrew Poelstra and other developers, culminating in the development of Grin. Grin's scalability approach is particularly innovative; it scales with the number of users rather than the number of transactions. This design choice is intended to ensure that the network can grow without compromising speed or privacy. Officially launched on January 15, 2019, Grin features a block time of 1 minute, with each block awarding 60 grins, resulting in a constant emission of 1 grin per second. This linear emission model is crafted to provide long-term network security and fair coin distribution, with the inflation rate decreasing over time. As a fully open-source project, Grin is supported by a volunteer community and funded through donations. There is no central authority or entity controlling Grin, highlighting its community-driven nature. The project encourages open participation, allowing anyone to contribute to its development or influence its direction. For those interested in the intersection of privacy and cryptocurrency, Grin presents an intriguing approach. However, it is crucial to conduct thorough research and consider the inherent risks before engaging with any cryptocurrency.

What significant events have occurred for Grin?

Grin is a cryptocurrency that prioritizes privacy and scalability through the use of the Mimblewimble protocol and has undergone several significant developments since its origin. The journey began in August 2016 with the release of the Mimblewimble whitepaper by an anonymous individual known as 'majorplayer'. This marked the initial step in Grin's evolution, garnering attention from both the cryptocurrency community and developers. In October 2016, a developer using the pseudonym Ignotus Peverell embarked on the development of Grin, establishing the foundation for what would become an entirely open-source and community-driven initiative. This collaborative effort is a reflection of Grin's decentralized principles, with contributions from volunteers and funding through donations, free from expectations of future returns or undue influence over decision-making. The official launch of Grin on January 15, 2019, represented a significant milestone, introducing a cryptocurrency designed to offer an innovative balance of privacy and scalability. Diverging from traditional blockchain technologies, Grin does not make use of addresses or store transaction amounts, and there is no necessity to retain data of spent outputs, thereby greatly enhancing privacy. Grin's commitment to a minimalistic and lightweight design is further demonstrated by its block time of 1 minute and a coinbase reward of 60 grins per block, ensuring a consistent increase in supply alongside a decreasing rate of inflation. This disinflationary emission model is intended to support the long-term viability of the chain and ensure equitable distribution of coins. Over its development, Grin has developed various community resources, including the Grin Forum, Keybase Chat, and Mailing List, creating an environment conducive to contributions from all interested individuals towards its growth and direction. The project's policy of refraining from certain types of offerings or accepting capital with conditions reflects its commitment to independence and community-driven growth. In summary, Grin's pivotal events, from the release of the Mimblewimble whitepaper to the official launch and the creation of community resources, highlight its journey towards establishing a privacy-centric, scalable, and community-driven cryptocurrency.

Investors interested in Grin are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.