Grin Price (GRIN)
GRIN Price Statistics
|24h Low / 24h High|
|Volume / Market Cap||0.3767|
|Fully Diluted Market Cap||$50,129,156.05|
|Yesterday's Low / High|
|Yesterday's Open / Close|
|7d Low / 7d High|
|30d Low / 30d High|
|90d Low / 90d High|
|52 Week Low / 52 Week High|
All Time HighJan 28, 2019 (2 years ago)
All Time LowNov 08, 2020 (6 months ago)
|Circulating Supply||71,293,680 GRIN|
|Total Supply||71,293,680 GRIN|
|Max Supply||No Data|
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GRIN Price Live Data
The live Grin price today is $0.703136 USD with a 24-hour trading volume of $18,885,293 USD. Grin is down 16.19% in the last 24 hours. The current CoinMarketCap ranking is #529, with a live market cap of $50,129,156 USD. It has a circulating supply of 71,293,680 GRIN coins and the max. supply is not available.
Grin is a minimalistic, lightweight cryptocurrency, implementing the Mimblewimble protocol for a unique balance of privacy and scalability. The chain has no addresses, no amounts, and no need to store data of spent outputs.
Grin is fully open-source and community-driven. There is no single entity behind it, Grin’s development is funded by donations as well as done voluntarily by contributors. Everybody can discuss, influence, or work on its development.
Grin’s blocktime is 1 minute, each with a coinbase reward of 60 grins, thus creating 1 unit per second, forever. This linear emission creates a constant increase in supply, but a decreasing rate of inflation; making the emission disinflationary. This simple design serves to ensure both the long term security of the chain and a fair process of coin distribution to all participants.
In Aug 2016, an anonymous person using the nickname ‘majorplayer’, signed onto a Bitcoin research IRC channel, dropped a link to a document, then signed out. The document titled ‘Mimblewimble’ was authored under the pseudonym Tom Elvis Jedusor. Several developers took an interest, one of them being Andrew Poelstra, who later published a paper which added several refinements and a detailed technical description of the original whitepaper.
In Oct 2016, a developer under the pseudonym Ignotus Peverell began work on developing an implementation of the protocol and was soon joined by others in an effort to build the project which ultimately came to be known as Grin. It was launched on January 15th, 2019.