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 empowers anyone to transact or save modern money without the fear of external control or oppression. Grin is designed for the decades to come, not just tomorrow. Grin wants to be usable by everyone, regardless of borders, culture, skills or access“. Source: https://grin-tech.org/
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
For more information on Grin Coin visit https://grin-tech.org/