Review on Grin by Pedro O. Alvino M.
Grin is a cryptocurrency oriented to anonymous privacy. Many claim that…
Grin is a cryptocurrency oriented to anonymous privacy. Many claim that according to how their project is structured, you could use the currency that replaces bitcoin, which unlike how your transactions work are anonymous, in which also the wallet addresses and transaction amounts are not visible.
The reason why some people consider Grin as one of the most likely successors to the legacy of the most popular cryptocurrency in the world is that it shares similarities with bitcoin that almost no other cryptocurrency has but being a booming cryptocurrency many facts are ruled out. to replace it, its difficulty of use does not attract future investors and the volatility of its price that today is much lower than other currencies.
Updated 4 years ago
Rating has not been changed
It is now available in many more high liquidity exchanges, providing more its use of privacy that has grown exponentially lately, in addition to being included in more personal wallets
Pros
- Project based on customer privacy, hiding both the wallet address and the amount of the transaction. Cryptocurrency based on the Mimblewimble protocol, being one of the cryptocurrencies that uses this protocol. It uses the Cuckoo Cycle labor test mining algorithm. Available in multiple exchanges, with different exchange rates with either BTC, ETH or USDT
Cons
- Being in a development stage, its use system is really complicated to send or receive GRIN. It is only compatible with portfolios on the linux platform. Its volatility rate is very high, since when making relatively new and proceed with few currencies in circulation.
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Comments (3)
August 29, 2020
Hello, Pedro. It was a treasure to find this review. The status of this project is frequently changing. Currently, it has a price that is transcending the line of volatility. The last adoption was still a process that must be assessed carefully. Now, their privacy and safety programs are great enough, bit the economy is what really matters.
September 30, 2019
Its project is innovative different from others, but it presents great complications when it comes to handling the currency, and in some ways other projects pose a similar function with better use functionality
September 30, 2019
I consider Grin one of the assets with the highest privacy standards, his main problem is that he is not focused on new solutions. It currently has great competitors and for now this crypto does not have such a large backup community.
