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Grin (GRIN) is the 740th largest cryptocurrency in the world by market cap, valued at $5,723,922. The current price of Grin is $0.06737, which is -1.678% lower than yesterday. Prices have ranged between $0.069355 and $0.063636 over the past 24 hours. All prices are listed in US dollars and accurate as of January 30, 2023 03:01 UTC.
Grin is an anonymous privacy-oriented cryptocurrency. Unlike Bitcoin, its transactions are anonymous – without any visible wallet addresses or transaction amounts.
A privacy cryptocurrency allows anonymous transactions without revealing the sending or receiving addresses. Monero, for example, helps to conceal the addresses of the sender and receiver by seeding a transaction with decoys, while Zcash conceals addresses and allows for optional shielding of transaction values. But in Grin’s case, it doesn’t even show the transaction amounts or the sender or receiver addresses. It aims to be the most private and anonymous cryptocurrency ever made.
However, achieving true and effective privacy on a public decentralized cryptocurrency is extremely technically challenging. Grin achieves this level of privacy with something called the Mimblewimble protocol.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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