Review on Grin by Ali Huseynov
About Grin
Grin is a digital asset that was created in January of this year. Through the usage of the MimbleWimble protocol, this coin was created with the goal of becoming an efficient blockchain as a means of payment: anonymous, scalable, and secure. Its author goes by the alias Ignotus Peverell.
Financial transactions are carried out anonymously before being published on the blockchain thanks to the usage of this consensus mechanism, which allows for direct interaction between wallets without the need to keep a full record of each transaction. In a nutshell, the protocol's benefits include privacy and scalability, as well as a 10% reduction in data storage.
Despite the fact that some opponents and professionals believe MimbleWimble privacy is unstable, this protocol adds other benefits to the blockchain in addition to its showy privacy. Grin's major objective is to become the most widely used cryptocurrency for fast, reliable, simple, and secure transactions.
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Pros
- It is utilized for international transactions swiftly, efficiently, and safely.
- It's a platform that allows for unrestricted anonymous transactions.
Cons
- There are no drawbacks.
