Grin is a relatively new project – it saw the light of day on January 15, 2019. It is, next to the Beam project, an implementation of the MimbleWimble protocol, created by anonymous developers in 2016. Based on his own independent blockchain, Grin, shortly after he appeared, attracted the attention of communities from around the world. The project was written in the programming language Rust, developed by the Mozilla Foundation. It works in the PoW algorithm, but unlike Bitcoin, it doesn’t have a public accounting book. The network does not use addresses and encrypts all transaction amounts. The reason for this is that the project focuses largely on privacy and anonymity.
Grin Project development
As with Bitcoin, the developers of Grin remain anonymous. From the beginning, however, it was possible to build a fairly large community around the project. The goal is to develop cryptocurrency towards simplicity of use and fast transactions.
A lot has happened in the project since the beginning of the year.
ANNOUNCEMENT: Grin + Grin Wallet 3.0.0 Released: @Yeastplume wrote: Grin and Grin wallet 3.0.0 have been released and are ready for use in advance of the upcoming hard fork in mid-January. The hard-fork is scheduled on… bitcoin dice P #Announcements via grin-forum $GRIN
— ��� (@grinMW) January 3, 2020
As follows from the above tweet, a new version of the Grin wallet has been released, and a dozen or so days later a hard fork took place. An update of the Grin network to version 3.0.0 is planned for January 31, and it is possible that this will happen earlier.
The speed of action is ensured, among others by extracting the block every 1 minute. The block reward is currently 60 GRIN, and this number will be reduced. At the moment, 1 Grin goes …