GRIN to Fiat Converter

Grin is a minimalistic, lightweight cryptocurrency that implements the Mimblewimble protocol, balancing privacy and scalability. Unlike traditional blockchains, Grin does not use addresses or store transaction amounts, and it eliminates the need to retain data about spent outputs.

The project is entirely open-source and community-driven, with no central authority overseeing its development. Funding comes from donations, and contributions are made voluntarily by developers. Anyone can participate in discussions, propose changes, or contribute to Grin's ongoing development.

Grin has a block time of one minute, with each block issuing a fixed reward of 60 Grin. This results in a steady emission rate of one unit per second indefinitely. The linear supply model ensures a constant increase in total supply while gradually reducing inflation over time, creating a disinflationary monetary policy. This design aims to promote long-term network security and fair distribution among participants.

The origins of Grin trace back to an anonymous individual using the pseudonym "majorplayer," who shared a document titled Mimblewimble in a Bitcoin research IRC channel in 2016. The document was authored under the name Tom Elvis Jedusor. Developers, including Andrew Poelstra, expanded on the concept by refining the protocol and publishing technical analyses.

Later that year, a developer under the pseudonym Ignotus Peverell began working on an implementation of Mimblewimble. Others joined the effort, leading to the creation of Grin, which officially launched in early 2019.