Review on Grin by LUIS RIVERO R
A smile to privacy. Grin
This is one of the cryptocurrencies designed for privacy, using various protocols that are trivially added to hide. Protecting blockchain values without controls from companies or individuals.
Its chain becomes lighter since with the same mining power, data from previous transactions is eliminated but with total security.
In general, Grin is a young cryptocurrency that enters the blockchain market quickly and with great growth in its capitalization and daily volume.
In purchase with other assets related to private cryptocurrencies Grin is based on a blockchain verified differently with a new protocol.
-It is open source and highly verifiable, which makes possible chain auditing.
-This asset is only a chain for BTC-style transactions without admitting contracts or side chains.
-Totally dependent on third party donations. There is no self-sustaining model in the future depend 100% of the community.
-Mimblewimble protocol focused on privacy
-Has a large number of competitors with extensive experience and stronger development communities.
To conclude this project is really new and it is difficult to give an objective and final verdict, so I believe that if they continue along this path they can give many surprises since all those involved are really committed to grin.
Pros
- Wallet compatible with Windows, macOS, Linux.
- Technical specifications and support for frequently asked questions in multiple languages.
- Novel Mining Protocol
- The launch was made without prior mining without assignments to foundations or companies.
- The spirit of the development team is decentralization, for that reason there is no specific location of all CEOs.
- It is a green cryptocurrency as it consumes few energy resources.
- It has more than 79 companies or people who are actively contributing.
- It has a community that supports them in growth.
Cons
- The wallet does not have a graphic interface
- It was launched in early 2019, this network is still experimental in some cases.
- MimbleWimble little known and some technical aspects are difficult to explain to average users.
- It does not have a specific capital fund for its development.
- It totally depends on donations and developers.
- It does not have a specific face to mold this project.
- Currency focused only on transactions without admitting side chains.
