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

First Grin Block Mined as Mimblewimble Privacy Crypto Goes Live

January 16, 2019
Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable

May 25, 2022
Central African Republic to launch official crypto hub ‘Sango’

Central African Republic to launch official crypto hub ‘Sango’

May 24, 2022
Top 3 cryptocurrencies that are faring the best in the 2022 bear market

Top 3 cryptocurrencies that are faring the best in the 2022 bear market

May 24, 2022
Core Ethereum developer details changes to expect after the Merge

Core Ethereum developer details changes to expect after the Merge

May 24, 2022
Monero enters ‘overbought’ danger zone after XMR price gains 75% in two weeks

Monero enters ‘overbought’ danger zone after XMR price gains 75% in two weeks

May 24, 2022
South Korean police request exchanges freeze LFG related funds

South Korean police request exchanges freeze LFG related funds

May 24, 2022
fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher

fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher

May 23, 2022
Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

May 23, 2022
Litecoin confidential transactions spook Korean exchanges

Litecoin confidential transactions spook Korean exchanges

May 23, 2022
The Moon ‘created’ his lavish reality… and says you can, too

The Moon ‘created’ his lavish reality… and says you can, too

May 23, 2022
Layer-2 adoption could spur the next crypto turning point

Layer-2 adoption could spur the next crypto turning point

May 23, 2022
arthur hayes to serve 2 year probation owning up to bitmex’s aml mishap

Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap

May 23, 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

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable

May 25, 2022
Central African Republic to launch official crypto hub ‘Sango’

Central African Republic to launch official crypto hub ‘Sango’

May 24, 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

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable
Tech

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable

May 25, 2022
Central African Republic to launch official crypto hub ‘Sango’
Tech

Central African Republic to launch official crypto hub ‘Sango’

May 24, 2022
South Korean police request exchanges freeze LFG related funds
Tech

South Korean police request exchanges freeze LFG related funds

May 24, 2022
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
Making crypto conventional by improving crypto crime investigations worldwide
Tech

Making crypto conventional by improving crypto crime investigations worldwide

April 30, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 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?

  • Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable
  • Central African Republic to launch official crypto hub ‘Sango’
  • Top 3 cryptocurrencies that are faring the best in the 2022 bear market
  • 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)$28,222.00-0.74%
  • ethereumEthereum(ETH)$1,807.321.21%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$317.351.80%
  • rippleXRP(XRP)$0.530.25%
  • cardanoCardano(ADA)$0.377992-0.22%
  • dogecoinDogecoin(DOGE)$0.0750640.22%
  • matic-networkPolygon(MATIC)$1.10-0.90%
  • solanaSolana(SOL)$20.56-1.84%
  • polkadotPolkadot(DOT)$6.221.29%
  • litecoinLitecoin(LTC)$89.710.02%
  • shiba-inuShiba Inu(SHIB)$0.0000110.43%
  • tronTRON(TRX)$0.0651571.64%
  • daiDai(DAI)$1.000.14%
  • chainlinkChainlink(LINK)$7.370.26%
  • cosmosCosmos Hub(ATOM)$11.210.39%
  • leo-tokenLEO Token(LEO)$3.450.88%
  • stellarStellar(XLM)$0.1088077.50%
  • ethereum-classicEthereum Classic(ETC)$20.490.48%
  • moneroMonero(XMR)$155.80-2.46%
  • okbOKB(OKB)$42.05-0.61%
  • bitcoin-cashBitcoin Cash(BCH)$122.15-0.47%
  • filecoinFilecoin(FIL)$5.58-0.97%
  • crypto-com-chainCronos(CRO)$0.068376-1.09%
  • vechainVeChain(VET)$0.023006-0.51%
  • algorandAlgorand(ALGO)$0.223121-2.72%
  • internet-computerInternet Computer(ICP)$5.090.46%
  • eosEOS(EOS)$1.193.02%
  • elrond-erd-2MultiversX(EGLD)$42.34-3.65%
  • aaveAave(AAVE)$72.06-0.65%
  • tezosTezos(XTZ)$1.11-1.67%
  • theta-tokenTheta Network(THETA)$1.02-1.28%
  • neoNEO(NEO)$12.40-2.93%
  • havvenSynthetix Network(SNX)$2.44-1.72%
  • paxos-standardPax Dollar(USDP)$1.00-0.09%
  • bitcoin-cash-svBitcoin SV(BSV)$35.66-0.15%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.701.19%
  • dashDash(DASH)$56.86-0.53%
  • makerMaker(MKR)$680.14-0.42%
  • iotaIOTA(MIOTA)$0.212252-0.34%
  • huobi-tokenHuobi(HT)$3.63-0.44%
  • zilliqaZilliqa(ZIL)$0.027983-0.20%
  • zcashZcash(ZEC)$38.184.31%
  • basic-attention-tokenBasic Attention(BAT)$0.2520350.13%
  • nemNEM(XEM)$0.039389-0.88%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • qtumQtum(QTUM)$3.09-0.69%
  • kusamaKusama(KSM)$34.42-1.22%
  • compound-governance-tokenCompound(COMP)$42.60-0.41%
  • yearn-financeyearn.finance(YFI)$8,769.460.31%
  • bitcoin-goldBitcoin Gold(BTG)$16.11-0.20%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.2446981.86%
  • omisegoOMG Network(OMG)$1.55-6.56%
  • wavesWaves(WAVES)$2.09-1.99%
  • sushiSushi(SUSHI)$1.081.14%
  • ontologyOntology(ONT)$0.228189-0.76%
  • digibyteDigiByte(DGB)$0.009538-0.20%
  • umaUMA(UMA)$2.07-2.57%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%