BitGrin



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Jr. MemberActivity: 45Merit: 11 [ANN] BitGrin (XBG)  MimbleWimble with Bitcoin economics  Windows wallet! January 31, 2019, 06:22:47 PM

Last edit: July 27, 2019, 05:39:53 PM by BitGrin #1



BitGrin is a implementation of MimbleWimble with time tested Bitcoin economics.

This means there will only ever be 21,000,000 total coins, reducing block reward every 4 years.



Now listed on BitMesh and Vinex Exchange





Economics



There will be only 21,000,000 BitGrin forever, period.



Visual representation here.



Keeping Development Healthy

BitGrin has a modest dev fee distributed monthly at a rate of 10% of the circulating supply. By the end

of 4 years the dev team will have acquired 4.76% of the total supply through this

feature. After this, no further dev fee applies.



We feel this is a fair way to help compensate ongoing development, without resorting

to a donations-based system.





Launch



BitGrin mainnet is launched!

Explorer here:





Technical Parameters



Block time 60sec

Reward: 4.5 BitGrin, halving every 2,100,000 blocks (approximately 4 years)

PoW consensus with Cuckoo Cycle





BitGrin uses a very lightweight implementation of MimbleWimble, allowing every user to have complete privacy and anonymity.

BitGrin is also very scalable thanks to our implementation of MimbleWimble we can achieve 60sec blocks while maintaining a

lightweight blockchain. BitGrin was built to follow the time-tested bitcoin economics to the letter, the max coin supply is 21,000,000.



BitGrin blockchain code, mining software code etc. Is completely open. This is an Open Source project, we encourage everyone

to contribute and improve the code base, we also encourage every 3rd party in our ecosystem to do the same. Sharing is caring.

To ensure a fair launch BitGrin will be released with a one-click miner that is functional with supported pools, so even

non-technical users can immediately mine it and contribute in the economy.





Features of BitGrin



Anonymous transactions



Healthy economics



Open Source for All



PoW with Cuckoo Cycle consensus system



Highly Scalable





Roadmap











Additional Information

Website:

Explorer:

CoinGecko:



Pools

Pool #1:

Pool #2:



Exchanges



Vinex Exchange:



Community & Social Media

Community telegram:

Github :

Twitter :

Discord :



Gui Wallet

GUI Wallet for Windows and MacOS:



BitGrin is a implementation of MimbleWimble with time tested Bitcoin economics.This means there will only ever be 21,000,000 total coins, reducing block reward every 4 years.Visual representation here. https://bitgrin.dev/comparision-of-emission/ BitGrin has a modest dev fee distributed monthly at a rate of 10% of the circulating supply. By the endof 4 years the dev team will have acquired 4.76% of the total supply through thisfeature. After this, no further dev fee applies.We feel this is a fair way to help compensate ongoing development, without resortingto a donations-based system.Explorer here: https://explorer.bitgrin.dev/ Block time 60secReward: 4.5 BitGrin, halving every 2,100,000 blocks (approximately 4 years)PoW consensus with Cuckoo CycleBitGrin uses a very lightweight implementation of MimbleWimble, allowing every user to have complete privacy and anonymity.BitGrin is also very scalable thanks to our implementation of MimbleWimble we can achieve 60sec blocks while maintaining alightweight blockchain. BitGrin was built to follow the time-tested bitcoin economics to the letter, the max coin supply is 21,000,000.BitGrin blockchain code, mining software code etc. Is completely open. This is an Open Source project, we encourage everyoneto contribute and improve the code base, we also encourage every 3rd party in our ecosystem to do the same. Sharing is caring.To ensure a fair launch BitGrin will be released with a one-click miner that is functional with supported pools, so evennon-technical users can immediately mine it and contribute in the economy.Website: https://www.bitgrin.dev Explorer: https://explorer.bitgrin.dev/ CoinGecko: https://www.coingecko.com/en/coins/bitgrin Pool #1: https://pool.bitgrin.dev/ Pool #2: https://cryptoknight.cc/bitgrin/ Vinex Exchange: https://vinex.network/market/BTC_XBG Community telegram: http://t.me/bitgrincommunity Github : https://github.com/bitgrin/bitgrin Twitter : http://twitter.com/bitgrin Discord : https://discord.gg/9jRHgQP GUI Wallet for Windows and MacOS: https://github.com/bitgrin/kingfish/releases

H7USHKA



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Full MemberActivity: 321Merit: 100 Re: BitGrin  MimbleWimble with bitcoin economics. Easy, Lightweight, Private January 31, 2019, 06:26:31 PM #2 Quote from: BitGrin on January 31, 2019, 06:22:47 PM



BitGrin is a implementation of MimbleWimble with time tested Bitcoin economics.

This means there will only ever be 21 000 000 total coins, reducing block reward every 4 years.

There will be only 21 000 000 BitGrin forever, period.



Visual representation here.





Technical Parameters

Block time 60sec

Reward 5 BitGrin, reducing every 2 100 000 blocks (approximately 4 years)

PoW consensus with Cuckoo Cycle





BitGrin uses a very lightweight implementation of MimbleWimble, allowing every user to have complete privacy and anonymity. BitGrin is also very scalable thanks to our implementation of MimbleWimble we can achieve 60sec blocks while maintaining a lightweight blockchain.

BitGrin was built to follow the time-tested bitcoin economics to the letter, the max coin supply is 21 000 000. We added a flat-rate of 1BitGrin to be sent to developer wallets- effectively removing them from circulation- for the first 1 000 000 blocks, to closely imitate the economic circumstance of satoshis coins

BitGrin blockchain code, mining software code etc. Is completely open. This is an Open Source project, we encourage everyone to contribute and improve the code base, we also encourage every 3rd party in our ecosystem to do the same. Sharing is caring.

To ensure a fair launch BitGrin comes out with a one-click miner, so even non-technical users can immediately mine it and contribute in the economy.





Additional Information

Website:

Community telegram:

Github :

Twitter :





BitGrin is a implementation of MimbleWimble with time tested Bitcoin economics.This means there will only ever be 21 000 000 total coins, reducing block reward every 4 years.Visual representation here. https://bitgrin.io/comparision-of-emission/ Block time 60secReward 5 BitGrin, reducing every 2 100 000 blocks (approximately 4 years)PoW consensus with Cuckoo CycleBitGrin uses a very lightweight implementation of MimbleWimble, allowing every user to have complete privacy and anonymity. BitGrin is also very scalable thanks to our implementation of MimbleWimble we can achieve 60sec blocks while maintaining a lightweight blockchain.BitGrin was built to follow the time-tested bitcoin economics to the letter, the max coin supply is 21 000 000. We added a flat-rate of 1BitGrin to be sent to developer wallets- effectively removing them from circulation- for the first 1 000 000 blocks, to closely imitate the economic circumstance of satoshis coinsBitGrin blockchain code, mining software code etc. Is completely open. This is an Open Source project, we encourage everyone to contribute and improve the code base, we also encourage every 3rd party in our ecosystem to do the same. Sharing is caring.To ensure a fair launch BitGrin comes out with a one-click miner, so even non-technical users can immediately mine it and contribute in the economy.Website: https://www.bitgrin.io Community telegram: http://t.me/bitgrincommunity Github : https://github.com/bitgrin/bitgrin Twitter : http://twittter.com/bitgrin

pinoli



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NewbieActivity: 15Merit: 0 Re: [ANN] BitGrin  MimbleWimble with Bitcoin economics. Easy, Lightweight, Private January 31, 2019, 06:33:14 PM #3 Quote from: BitGrin on January 31, 2019, 06:22:47 PM https://bitgrin.io/wp-content/uploads/2019/01/logo.png



BitGrin is a implementation of MimbleWimble with time tested Bitcoin economics.

This means there will only ever be 21 000 000 total coins, reducing block reward every 4 years.

There will be only 21 000 000 BitGrin forever, period.



Visual representation here.





Launch

BitGrin will launch it's mainnet after securing support from miners and pools.

Currently the target is to launch in 7 days, on February 7th, 2019.





Technical Parameters

Block time 60sec

Reward 5 BitGrin, reducing every 2 100 000 blocks (approximately 4 years)

PoW consensus with Cuckoo Cycle





BitGrin uses a very lightweight implementation of MimbleWimble, allowing every user to have complete privacy and anonymity. BitGrin is also very scalable thanks to our implementation of MimbleWimble we can achieve 60sec blocks while maintaining a lightweight blockchain.

BitGrin was built to follow the time-tested bitcoin economics to the letter, the max coin supply is 21 000 000. We added a flat-rate of 1BitGrin to be sent to developer wallets- effectively removing them from circulation- for the first 1 000 000 blocks, to closely imitate the economic circumstance of satoshis coins

BitGrin blockchain code, mining software code etc. Is completely open. This is an Open Source project, we encourage everyone to contribute and improve the code base, we also encourage every 3rd party in our ecosystem to do the same. Sharing is caring.

To ensure a fair launch BitGrin comes out with a one-click miner, so even non-technical users can immediately mine it and contribute in the economy.



Features of BitGrin



Anonymous transactions

Healthy economics

Open Source for All

PoW with Cuckoo Cycle consensus system

Highly Scalable



Additional Information

Website:

Community telegram:

Github :

Twitter :





BitGrin is a implementation of MimbleWimble with time tested Bitcoin economics.This means there will only ever be 21 000 000 total coins, reducing block reward every 4 years.Visual representation here. https://bitgrin.io/comparision-of-emission/ Block time 60secReward 5 BitGrin, reducing every 2 100 000 blocks (approximately 4 years)PoW consensus with Cuckoo CycleBitGrin uses a very lightweight implementation of MimbleWimble, allowing every user to have complete privacy and anonymity. BitGrin is also very scalable thanks to our implementation of MimbleWimble we can achieve 60sec blocks while maintaining a lightweight blockchain.BitGrin was built to follow the time-tested bitcoin economics to the letter, the max coin supply is 21 000 000. We added a flat-rate of 1BitGrin to be sent to developer wallets- effectively removing them from circulation- for the first 1 000 000 blocks, to closely imitate the economic circumstance of satoshis coinsBitGrin blockchain code, mining software code etc. Is completely open. This is an Open Source project, we encourage everyone to contribute and improve the code base, we also encourage every 3rd party in our ecosystem to do the same. Sharing is caring.To ensure a fair launch BitGrin comes out with a one-click miner, so even non-technical users can immediately mine it and contribute in the economy.Website: https://www.bitgrin.io Community telegram: http://t.me/bitgrincommunity Github : https://github.com/bitgrin/bitgrin Twitter : http://twittter.com/bitgrin

lol, you say 21.000.000 but that link says "about 31 500 000 000 Grin"

I am looking forward to look at the code, I am sure this will be completely different and original, right? lol, you say 21.000.000 but that link says "about 31 500 000 000 Grin"I am looking forward to look at the code, I am sure this will be completely different and original, right?

BitGrin



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Jr. MemberActivity: 45Merit: 11 Re: [ANN] BitGrin (XBG)  MimbleWimble with Bitcoin economics  Fair Launch January 31, 2019, 07:24:20 PM #12 Quote from: holydarkness on January 31, 2019, 07:11:50 PM Quote from: BitGrin on January 31, 2019, 07:07:42 PM Quote from: holydarkness on January 31, 2019, 07:05:09 PM I would assume the extremely low supply is for the sake of creating demands and scarcity? On my previous experience with very low supply token, they will still find it difficult to appeal community without real purpose and good liquidity. Or is there an use of the token other than for trading purpose?



This is explained here

This is explained here https://twitter.com/BitGrin/status/1091049780766072832

Which didn't really answer my question about a purpose or a solution for today's market, if I'm not missing anything. Or do I understand your tweets wrongly? There were only two tweets, actually. Maybe you better give proper explanation here, that'll help both of us saving some time.

Which didn't really answer my question about a purpose or a solution for today's market, if I'm not missing anything. Or do I understand your tweets wrongly? There were only two tweets, actually. Maybe you better give proper explanation here, that'll help both of us saving some time.

Fundamentally, we believe in Grin's mission of providing a scalable, private form of digital cash. Other options have trade-offs that do prevent scalability or privacy (it's almost always a trade-off between these two.) Grin and the Mimble Whimble consensus solves these issues using a clever new approach to deploying transaction data to the chain that greatly reduces computational requirements as well as memory requirements for full nodes. What this ultimately means is that the Grin technology is vastly superior as a form of digital cash to other coins. However, because of the monetary policy in place with Grin, the constant inflation leads to persistent downward price pressure, causing the coin to not be desirable to those who would *accept* digital cash payments. BitGrin solves this problem by using the tried and true Bitcoin monetary policy, with mining rewards regularly being cut in half, in order to encourage it's use as a scalable, private, digital currency. Fundamentally, we believe in Grin's mission of providing a scalable, private form of digital cash. Other options have trade-offs that do prevent scalability or privacy (it's almost always a trade-off between these two.) Grin and the Mimble Whimble consensus solves these issues using a clever new approach to deploying transaction data to the chain that greatly reduces computational requirements as well as memory requirements for full nodes. What this ultimately means is that the Grin technology is vastly superior as a form of digital cash to other coins. However, because of the monetary policy in place with Grin, the constant inflation leads to persistent downward price pressure, causing the coin to not be desirable to those who would *accept* digital cash payments. BitGrin solves this problem by using the tried and true Bitcoin monetary policy, with mining rewards regularly being cut in half, in order to encourage it's use as a scalable, private, digital currency.