What is Grin?
Grin Coin puts into action a MimbleWimble blockchain and is an open source software project focusing on being private, scalable and open. Implementing Electronic transactions that are not hindered by censorship or restrictions. Grin is a 100% decentralised community-led project.
Grin’s principles and goals:
- To be Private from the start; meaning you can select to disclose information when it is needed
- Focus on Scalability: Utilising a MimbleWimble blockchain, compared to other blockchains, allows for past data to be removed and frees up a massive amount of space.
- Open to developers: Developers from around the world have worked on Grin meaning that it is not controlled by a single company or individual. This in turn has resulted in the Coin distribution to as fair as possible.
- Driven by the community: to envoke mining decentralisation