Launched on January 15th, 2019, Grin is a cryptocurrency focused on privacy without censorship in its implementation of Mimblewimble. According to their website, the developers want Grin to be usable by everyone regardless of borders, culture, skills or access. Without address information or amounts stored on the blockchain, the chain is meant to be lean and scalable. Grin was launched without a premine, ICO, or founders rewards and relies on donations to support the long-term development of the project.
What Is Grin?
Grin is a private, lightweight, MimbleWimble blockchain project. Like Monero and Zcash, the goal of Grin is to keep your identity and financial history private as you participate in the network.
Although Tom Elvis Jedusor first proposed MimbleWimble in 2016, the idea has only recently gained traction. Grin is the most notable project building a MimbleWimble blockchain from scratch, but Bitcoin and Litecoin developers are looking at possible implementations as well.
How do I buy cryptocurrency?
While some cryptocurrencies, including bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoin or another cryptocurrency.
To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as bitcoin or ethereum.
Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell bitcoin and other cryptocurrencies.