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Grin price today is $0.353861 USD with a 24-hour trading volume of $12,340,692 USD. Grin is down 2.85% in the last 24 hours. The current CoinMarketCap ranking is #412, with a market cap of $22,498,638 USD. It has a circulating supply of 63,580,500 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.
|24h Low / 24h High|
|Market Dominance||No Data|
|Fully Diluted Market Cap||No Data|
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|Yesterday's Open / Close|
|7d Low / 7d High|
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All Time High
Jan 28, 2019 (2 years ago)
All Time Low
Nov 08, 2020 (3 months ago)
|Circulating Supply||63,580,500 GRIN|
|Total Supply||63,580,500 GRIN|
|Max Supply||No Data|