• Latest
Privacy Cryptocurrency Grin Votes to Fund Third Full-Time Developer

Privacy Cryptocurrency Grin Votes to Fund Third Full-Time Developer

March 14, 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

Privacy Cryptocurrency Grin Votes to Fund Third Full-Time Developer

coinnewsdaily by coinnewsdaily
March 14, 2019
in Tech
0
Privacy Cryptocurrency Grin Votes to Fund Third Full-Time Developer
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

Long-time Grin coder “Ignotus Peverell” will receive financial support to work on the cryptocurrency, a move that makes him the nascent project’s third paid team member.

In a weekly developer meeting Monday, developers voted to fund Peverell for his work on Grin with roughly $10,000 per month. With 4,919,040 GRIN tokens in circulation, according to CoinMarketCap, the estimated market capitalization of the cryptocurrency is well over $13 million.

Grin, being a relatively new blockchain, went live in mid-January in a bid to implement the privacy-enhancing protocol “MimbleWimble,” designed to obfuscate transaction details such as amount and account addresses. Named after a tongue-tying curse in J.K. Rowling’s best-selling Harry Potter books, the name Ignotus Peverell itself is a pseudonym that references a character within the series.

In the context of the Grin community, Peverell was one of the original creators of the Grin project who back in 2016 started the first implementation of the mimblewimble protocol on GitHub.

A user by the name of “Antioch Peverell” – another Harry Potter character reference – was similarly voted up by the community in late February. Before this, user “Yeastplume” was the sole full-time funded Grin developer.

Yeastplume told CoinDesk:

“There’s no [official] roles. We just continue to work on what we see fit, which so far seems to be working okay.”

Emphasizing in a public Gitter channel that being funded for Grin development work was “risky employment,” Yeastplume later characterized the financial support as more akin to donations.

Audit ahead

Monday’s governance meeting also confirmed the “contract and payment” of security auditing firm Coinspect.

Having decided to conduct a third-party review of Grin’s “cryptographic and consensus-critical code,” community members unanimously voted to employ Coinspect over other auditors such as Quarkslab and NCC last month.

Now, having paid a fee up-front to the company of roughly $17,000, Grin community members expect a draft report by April 20. “It’s going to come quickly. They’ve also already produced one excellent vulnerability report,” stated Ignotus Peverell.

As stated on a Github, the estimated cost of the audit is roughly $80,000.

Funds are sourced from the “Grin General Fund,” which back in December of last year raised 17.28 BTC, with an estimated worth at press time of $66,500 specifically for the purposes of this security audit.

Grin symbol via CoinDesk archives

Credit: Source link

Share76Tweet48
Previous Post

Crypto Mogul Moshe Hogeg’s ICOs Have Unusual Patterns, Analysis Finds

Next Post

PayGlobal Sees XRP as Priority to Add at ATM and Bank Card Payouts

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
PayGlobal Sees XRP as Priority to Add at ATM and Bank Card Payouts

PayGlobal Sees XRP as Priority to Add at ATM and Bank Card Payouts

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)$22,839.00-2.28%
  • ethereumEthereum(ETH)$1,630.45-2.21%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$326.07-2.72%
  • rippleXRP(XRP)$0.397655-3.22%
  • cardanoCardano(ADA)$0.391528-2.23%
  • dogecoinDogecoin(DOGE)$0.092283-3.64%
  • okbOKB(OKB)$44.541.78%
  • matic-networkPolygon(MATIC)$1.20-3.66%
  • solanaSolana(SOL)$23.28-4.37%
  • shiba-inuShiba Inu(SHIB)$0.000014-4.53%
  • polkadotPolkadot(DOT)$6.70-2.23%
  • litecoinLitecoin(LTC)$95.90-2.70%
  • tronTRON(TRX)$0.063356-2.94%
  • daiDai(DAI)$1.00-0.16%
  • cosmosCosmos Hub(ATOM)$14.28-2.08%
  • chainlinkChainlink(LINK)$6.96-3.44%
  • leo-tokenLEO Token(LEO)$3.633.87%
  • ethereum-classicEthereum Classic(ETC)$22.67-4.49%
  • moneroMonero(XMR)$165.89-4.33%
  • bitcoin-cashBitcoin Cash(BCH)$132.50-3.72%
  • stellarStellar(XLM)$0.090347-3.19%
  • crypto-com-chainCronos(CRO)$0.080730-2.95%
  • filecoinFilecoin(FIL)$5.25-4.79%
  • algorandAlgorand(ALGO)$0.258627-3.90%
  • vechainVeChain(VET)$0.023866-4.07%
  • internet-computerInternet Computer(ICP)$5.54-5.93%
  • aaveAave(AAVE)$85.95-3.16%
  • eosEOS(EOS)$1.08-3.03%
  • elrond-erd-2MultiversX(EGLD)$44.47-4.37%
  • theta-tokenTheta Network(THETA)$1.09-4.48%
  • tezosTezos(XTZ)$1.17-1.76%
  • huobi-tokenHuobi(HT)$5.60-1.77%
  • paxos-standardPax Dollar(USDP)$1.000.08%
  • bitcoin-cash-svBitcoin SV(BSV)$43.810.51%
  • havvenSynthetix Network(SNX)$2.54-7.22%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.47-2.90%
  • dashDash(DASH)$61.600.91%
  • iotaIOTA(MIOTA)$0.245236-2.36%
  • makerMaker(MKR)$688.82-3.17%
  • neoNEO(NEO)$8.73-0.62%
  • zcashZcash(ZEC)$43.70-5.37%
  • zilliqaZilliqa(ZIL)$0.028584-6.20%
  • basic-attention-tokenBasic Attention(BAT)$0.285103-3.58%
  • nemNEM(XEM)$0.0410470.60%
  • compound-governance-tokenCompound(COMP)$52.52-2.59%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$35.87-6.19%
  • qtumQtum(QTUM)$2.881.92%
  • bitcoin-goldBitcoin Gold(BTG)$17.21-2.19%
  • sushiSushi(SUSHI)$1.43-5.92%
  • wavesWaves(WAVES)$2.64-7.54%
  • golemGolem(GLM)$0.257804-7.88%
  • omisegoOMG Network(OMG)$1.8114.49%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,580.31-3.36%
  • ontologyOntology(ONT)$0.2327181.79%
  • digibyteDigiByte(DGB)$0.010551-4.54%
  • umaUMA(UMA)$2.07-4.29%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%