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What is Grin all about
Grin is actually the privacy-focused, Proof-of-Work scalable cryptocurrency based on the Mimblewimble protocol. This new approach to blockchain proposes a change in transaction construction from Bitcoin's, making transactions more private and scalable. Mimblewimble's protocol summarizes the blockchain so that only a final state summary is kept. Privacy and scale are both optimized at the same time in the protocol.
In that, Grin is a cryptocurrency that aims to solve the privacy and scalability issues that are currently lacking in major coins like Bitcoin. Grin has a lot of similarities to Bitcoin and its method of transacting. But is seen as an improved version.
Grin creates one multi-signature for all inputs and outputs, unlike Bitcoin's transaction model that requires a multitude of signatures, one for each input in the transaction. Instead of addresses, the two parties share a 'blinding factor' so that no-one other than the parties involved can see or retrace the transaction amount and the people involved in the transaction, hence create a private transaction.
Grin is attempting to make big changes to how we view blockchain and Bitcoin in general and as a new way to view this regional coin, it is quite ambitious and out there. But, it is a community focused project and is gaining traction.
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GRIN Questions & Answers
Currently, what is the price of Grin?
Today's price of Grin is at 0.16 Euro.
What was the price of Grin at its highest?
Grin was the most expensive on 2019-01-16, when it was at 229.59 Euro.
How much will Grin cost in one month?
Based on our short term price prediction, we suspect that the cost of Grin will be anywhere between €0.07277802 and €0.92 in one month.
What is the price of Grin going to be 90 days from now?
Using our prediction we expect that the cost of Grin is likely going to be between €0 and €1.01 in 3 months time.
What will the price of Grin be in half a year?
The process of predicting the future over the long term is very challenging, but in accordance with our price prediction we estimate Grin's cost will reach anywhere between €0 and €1.64 half year from now.
How popular are topics related to Grin on social media?
0 people engaged in discussing Grin on Reddit in the last 2 days. Grin's official Twitter handle is currently followed by 1862 users.
10 days Grin price forecast
Long term Grin price prediction