On January 15, Grin, the main cryptocurrency network, was launched, which is based on the MimbleWimble protocol aimed at solving problems of scaling and privacy.
It is stated on GitHub that Grin is already supported by the decentralized Bisq exchange, the well-known mining pools of BTC.com and F2Pool, as well as other companies and crypto services.
Grin is an implementation of the MimbleWimble protocol, the creator of which is still unknown. Within the framework of this blockchain, there is no concept of addresses and the requirements for free space for data storage are minimized. Also, this blockchain promises to be fast and decentralized.
In addition to the high degree of privacy and scalability, Grin is distinguished by the fact that the generation of new blocks in the network of this cryptocurrency occurs every minute. The cryptocurrency is based on the CWCOO Cycle hash algorithm, which is resistant to hacking with the help of quantum computing.
According to the developers, within two years after the launch of the main Grin network, hard forks will be held regularly, aimed at countering ASIC miners who are threatening the ideology of decentralization.
It is noteworthy that the launch of Grin was not preceded by ICO or Premin, the development was conducted on a voluntary basis.