• Latest
First Grin Block Mined as Mimblewimble Privacy Crypto Goes Live

First Grin Block Mined as Mimblewimble Privacy Crypto Goes Live

January 16, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

First Grin Block Mined as Mimblewimble Privacy Crypto Goes Live

coinnewsdaily by coinnewsdaily
January 16, 2019
in Tech
0
First Grin Block Mined as Mimblewimble Privacy Crypto Goes Live
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

Grin, a cryptocurrency that leverages the mimblewimble privacy technology, has just gone live on mainnet.

Named after the tongue-tying curse in the Harry Potter book series, mimblewimble is a protocol that fuses transactions together such that they are indecipherable – even on a public digital ledger.

While it has been in the works since late 2016, Grin saw its first block of transactions (after the network’s genesis block) appear Tuesday at 17:38 UTC. A second block was mined less than a minute later, according to one block explorer.

A market for the cryptocurrency is already beginning to form, and though the first block only awards 60 grin, one investor has already bid 0.1 BTC for 1,000 grin (roughly $0.37 per token) on Bisq, a decentralized exchange listing the token. Another bid on Bitmesh values the token much more highly, offering 10 BTC for 1 grin (though the buy order is for 0.001 grin).

What is Grin?

It is the second cryptocurrency leveraging the tech to go live on mainnet, the first being created by an Israel-based startup known as Beam.

As highlighted by Grin developer “Yeastplume” in late October, though the two privacy-focused chains are separate, the projects are by no means in competition, with proponents at Beam even helping to raise funds at one point for Grin development.

Indeed, as stated on the official website, Grin is a fully donations-based initiative that is “launched fairly, free of [initial coin offering], pre-mine or founder’s reward.”

Unlike Beam, Grin has an unfixed monetary policy, meaning it issues tokens once every second.

This is meant to spur confidence in the coin as a currency, Yeastplume told CoinDesk back in December, adding that he didn’t want to “unfairly reward early adopters with an arbitrary deflationary halving schedule.”

And with over  7,000 followers on Grin’s official Twitter account, there is a sizable community supporting and watching the continued development of this privacy coin now that it has officially launched.

Crypto miner image via Shutterstock



Credit: Source link

Tags: Crypto Tech
Share76Tweet48
Previous Post

Regulatory Uncertainty is the Problem Behind XRP’s Growth

Next Post

Bitwage Now Lets Firms Pay Salaried Staff in Crypto

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
green gaming
Business

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
axie infinity: what are the minimum android phone requirements to play on mobile
Alt Coin

Axie Infinity: What Are the Minimum Android Phone Requirements to Play on Mobile

April 21, 2022
Load More
Next Post
Bitwage Now Lets Firms Pay Salaried Staff in Crypto

Bitwage Now Lets Firms Pay Salaried Staff in Crypto

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$20,742.00-2.57%
  • ethereumEthereum(ETH)$1,188.05-2.96%
  • tetherTether(USDT)$1.00-0.06%
  • binancecoinBNB(BNB)$233.90-1.66%
  • rippleXRP(XRP)$0.353435-2.92%
  • cardanoCardano(ADA)$0.485195-3.89%
  • SolanaSolana(SOL)$38.49-4.51%
  • dogecoinDogecoin(DOGE)$0.072296-1.82%
  • polkadotPolkadot(DOT)$7.85-2.22%
  • Shiba InuShiba Inu(SHIB)$0.000011-5.23%
  • daiDai(DAI)$1.00-0.05%
  • tronTRON(TRX)$0.0679315.28%
  • leo-tokenLEO Token(LEO)$5.81-1.45%
  • matic-networkPolygon(MATIC)$0.53-9.76%
  • litecoinLitecoin(LTC)$55.60-4.53%
  • FTXFTX(FTT)$26.83-3.28%
  • CronosCronos(CRO)$0.124308-2.91%
  • OKBOKB(OKB)$12.22-4.33%
  • chainlinkChainlink(LINK)$6.48-7.07%
  • stellarStellar(XLM)$0.118277-4.73%
  • cosmosCosmos Hub(ATOM)$7.95-6.31%
  • algorandAlgorand(ALGO)$0.330180-3.09%
  • ethereum-classicEthereum Classic(ETC)$16.551.74%
  • moneroMonero(XMR)$121.88-6.10%
  • bitcoin-cashBitcoin Cash(BCH)$111.50-4.44%
  • vechainVeChain(VET)$0.024545-3.20%
  • Internet ComputerInternet Computer(ICP)$5.77-4.28%
  • tezosTezos(XTZ)$1.500.14%
  • theta-tokenTheta Network(THETA)$1.32-4.94%
  • filecoinFilecoin(FIL)$5.75-4.52%
  • ElrondElrond(EGLD)$56.58-5.17%
  • bitcoin-cash-svBitcoin SV(BSV)$59.88-4.97%
  • eosEOS(EOS)$0.99-3.06%
  • makerMaker(MKR)$1,005.23-4.82%
  • AaveAave(AAVE)$63.80-7.14%
  • paxos-standardPax Dollar(USDP)$1.000.00%
  • huobi-tokenHuobi(HT)$5.30-0.25%
  • iotaIOTA(MIOTA)$0.290598-1.57%
  • zcashZcash(ZEC)$62.97-5.39%
  • neoNEO(NEO)$9.59-2.53%
  • zilliqaZilliqa(ZIL)$0.044689-6.21%
  • wavesWaves(WAVES)$5.86-6.06%
  • basic-attention-tokenBasic Attention(BAT)$0.386297-5.93%
  • havvenSynthetix Network(SNX)$2.44-12.58%
  • dashDash(DASH)$49.19-3.80%
  • PancakeSwapPancakeSwap(CAKE)$3.33-1.23%
  • KusamaKusama(KSM)$52.99-4.74%
  • nemNEM(XEM)$0.041776-2.75%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • CompoundCompound(COMP)$48.49-6.72%
  • ethlendAave [OLD](LEND)$4.103.48%
  • qtumQtum(QTUM)$2.99-1.93%
  • bitcoin-goldBitcoin Gold(BTG)$17.33-1.46%
  • omisegoOMG Network(OMG)$1.94-1.24%
  • golemGolem(GLM)$0.246731-0.51%
  • SushiSushi(SUSHI)$1.15-4.25%
  • ontologyOntology(ONT)$0.2440620.84%
  • yearn-financeyearn.finance(YFI)$6,200.19-8.56%
  • umaUMA(UMA)$2.68-5.28%
  • digibyteDigiByte(DGB)$0.010173-5.31%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....