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.
Where is Grin available for purchase?
You can exchange GRIN tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Grin is Gate, notably the GRIN/USDT pair, which saw a trading volume of $ 10,661.85 in the past day. Additionally, HitBTC is popular alternative for trading tokens.
What is the highest value Grin (GRIN) has ever reached?
Grin (GRIN) reached its peak price at 25.09 $ on 17 January 2019, approximately 7 years ago ago. Presently, the current price is -99.83% lower than this all-time high.
What is the historical minimum price for Grin (GRIN)?
The minimum price reached for Grin (GRIN) was 0.01332 $, documented on 07 April 2025, more than 4 months ago. In comparison, the current price is 214.92%, it above this historical low.
What is the fully diluted valuation of Grin (GRIN)?
The fully diluted valuation (FDV) of Grin (GRIN) stands at $ 9,32 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of GRIN tokens. The realization of this FDV might take several years depending on the emission schedule of GRIN tokens.