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Rank #681
5,864 people like this
grin  (GRIN)

Grin (GRIN)

$0.263964 -1.9%
0.00000808 BTC -2.8%
5,864 people like this
$0.257419
24H Range
$0.269571
Market Cap $16,601,665
24 Hour Trading Vol $3,050,241
Circulating Supply 62,899,200
Total Supply
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Grin (GRIN) Price Chart

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1h
24h
7d
14d
30d
1y
-0.1%
-1.9%
-9.8%
0.0%
-7.5%
-39.8%
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GRIN Price and Market Stats

GRIN Price $0.263964
Market Cap $16,601,665
Market Cap Dominance 0.00%
Trading Volume $3,050,241
Volume / Market Cap 0.1837
24h Low / 24h High $0.257419 / $0.269571
7d Low / 7d High $0.248075 / $0.292297
Market Cap Rank #681
All-Time High $261.65 -99.9%
Jan 16, 2019 (over 2 years)
All-Time Low $0.220919 19.4%
Nov 04, 2020 (9 months)

Grin Coin Price & Market Data

Grin price today is $0.263964 with a 24-hour trading volume of $3,050,241. GRIN price is down -1.9% in the last 24 hours. It has a circulating supply of 63 Million GRIN coins and a total supply of ∞. If you are looking to buy or sell Grin, Gate.io is currently the most active exchange.

Grin coin is a private & lightweight open source project based on the mimblewimble blockchain implementation. MimbleWimble is a lightweight blockchain protocol proposed by anonymous author that goes by the name Tom Elvis Jedusor (inspired by Harry Potter) in July 2016. Since then, the proposal has gained a huge following among Bitcoin and privacy advocates.

Unlike bitcoin or ethereum, there are no addresses in Grin. In order to transact using Grin, both wallets must communicate with each other online with the results broadcasted to the network. Another key different is that transaction history (sender, receiver, amount) will not be recorded on the blockchain.

Due to the removal of these information from the transaction, the data size remains small and that keeps the blockchain lightweight. New nodes can easily join the network without having to download a large blockchain.

Grin coin was launched without an ICO, fundraising, or pre-mine. Developers around the world contribute openly with the goal to ensure the coin distribution remains as fair as possible.

There are 2 popular wallets widely available to interact with the Grin network.
Grin core wallet: https://www.coingecko.com/buzz/how-to-use-grin-wallet-to-send-receive-grin-coins
Wallet713: https://www.coingecko.com/buzz/how-to-use-grin-wallet713-to-send-and-receive-grin-coin-step-by-step-guide

The consensus algorithm used by Grin is the Cuckoo Cycle proof-of-work based. There are 2 hashing algorithms involved with Grin. Cuckoo-29 is meant for GPU mining while Cuckoo-31 is meant fo ASIC mining. This is a deliberate design to encourage miners to eventually move into ASIC mining for efficiency while keeping it fair at the beginning of the launch.

Grin coin has launched its mainnet on 15th January 2019 and is now available for mining and trading.

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