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The Damao team started to discover and sort out new PoW coins very early. Mining and mining pool operation were also one of our main businesses in 2018. On October 14, 2018, we started to compile a weekly report on new computing power for everyone, which included information on new POW coins we screened from multiple channels such as the Bitcointalk forum. Later, due to business adjustments, we suspended the update of the weekly report on new computing power in April this year, but we have been collecting and paying attention to POW mining coins internally. The development of PoW small mining coins this year can be said to have exceeded my expectations. Many well-known projects have emerged among the small mining coins, and the top ones this year, such as AXE and IMG , have increased nearly 100 times this year if calculated from the low point. Therefore, we also plan to restart this business, but unlike last year when we only promoted it ourselves, this year we will work with many powerful partners to promote the business of exploring potential new coins. Therefore, it can be said that each of the projects recommended this year is a wealth code worthy of attention. How to select new projects that may be valuable and have potential from a huge amount of new currency information is a task that tests both skills and vision as well as physical strength. Today, the new mining coin shared by the Cryptocurrency Encyclopedia Mining Coin Research Institute: Grimm ( GRIMM )
Whether in the real world or the virtual world, privacy protection is always a focus of people's attention. On August 1, 2016, a developer named Tom Elvis Jedusor first proposed the MimbleWimble protocol to improve Bitcoin in the #bitcoin-wizards channel. The word MimbleWimble comes from Harry Potter and is a spell that can make people tongue-tied. The protocol was later improved and optimized by Blockstream cryptographer Andrew Poelstra. Simply put, MimbleWimble is a blockchain protocol that can improve privacy, stability and scalability. From August 19 to August 21, 2019, the Web3 Summit was held in Berlin, Germany. Gavin Wood, founder of the cross-chain star project Polkadot and former co-founder of Ethereum, said in his speech that "privacy is the core of Web3". Edward Snowden, the protagonist of the Prism Gate, also attended the meeting remotely and emphasized the importance of data privacy in his video speech. Similarly, privacy (anonymous) mining coins have always been a hot topic in the mining field, such as the previously popular GRIN and BEAM, both of which use the MimbleWimble protocol. In November 2016, anonymous developer Ignotus Peverell developed the blockchain project GRIN based on the MimbleWimble protocol, using the Cuckatoo32+ and Cuckaroo29 algorithms. Unlike the fixed total amount of Bitcoin, the total amount of GRIN tokens is unlimited. In January 2019, GRIN was officially launched. With its pure POW, no pre-mining, no ICO, anonymity, and decentralized community autonomy, GRIN has become the cryptocurrency closest to Bitcoin fundamentalism. After its launch, GRIN has been popular in the market, with its price soaring and its market value approaching the top 100. It is a veritable Internet celebrity mining coin in 2019. In March 2018, Israeli entrepreneur Alexander Zaidelson launched a new project BEAM based on the MimbleWimble protocol. BEAM was officially launched on January 4, 2019. BEAM uses the Equihash (150,5) algorithm. Unlike GRIN, which is decentralized and open source, BEAM is more centralized. Grin has no upper limit on total supply, while BEAM has a total supply of 262.8 million. In the first year, 20% of the block rewards belong to the foundation. In the second to fifth years, the foundation will also take 25% of the block rewards. BEAM has become GRIN's strongest competitor. Both are popular among miners and the market. The current market value of GRIN is 258 million CNY, while that of BEAM is 116 million CNY.
BEAM’s forked coin GRIMM may become a strong rival of BEAM and GRIN. Algorithm: Equihash 150_5 Programming language: C++ Total Tokens: 262.8 million Current circulation: 13.68 million Grimm released its genesis post on August 5, 2019, and has mined about 5.75% of the tokens so far. 2. Create a fair, open source, community-driven cryptocurrency 3. Anonymity, instant P2P messages are not stored in the blockchain 4. P2P mining pool, ultimately achieving decentralization of mining 5. Mobile wallets protect privacy 6. Provide blockchain services that can be easily interacted with 7. Discover a new world of smart contracts 8. Atomic swaps for decentralized cross-chain exchanges 9. Private asset chain based on Grimm Grimm adopts the MimbleWimble protocol and uses a confidential transaction mechanism to record accounts on its blockchain. No temporary addresses are saved on the blockchain. For each transfer, the recipient must build a new transaction witness. At the same time, the transaction amount and account balance are hidden. Because the way to verify the Mimblewimble blockchain is to constantly check whether the sum of the input and output edges of the equation is equal, the matching input and output can be eliminated, so that the block data becomes smaller, and the data that newly added nodes need to download is also reduced. Joining the Grimm network becomes simpler and Grimm is more scalable. Grimm has no pre-mining, no ICO, no airdrop, no founder reward, and no need to give 20% of the block reward to the foundation like BEAM. The block reward belongs to the miners. The initial block reward is 100, which will be halved after 1 year, and then halved every 4 years. The simplest wallets have built-in CPU and GPU mining functions, so even a novice can easily get started with mining.
Grimm uses the Equihash 150_5 POW algorithm, which can resist the impact of FBGA and ASIC miners on mining output. Open Source and Decentralization Grimm code is open source and is a community-autonomous project that is not controlled by any company, foundation or individual. Project initiators: Den Novak & Andrew COP. Because it is an early decentralized open source project, there are not many community developers joining yet, but code submissions are relatively frequent. Mining Status
Grimm was launched on August 5, 2019. As of 10:28 on November 18, 2019, the block height reached 150986. The current network computing power is 57 KSol/s, and 15,098,000 GRIMMs have been mined. 235 Twitter followers; 366 members in the Telegram group, 29 online; 851 Discord followers, 146 online. For a community-run mining coin that has just been online for 3 months, this fan base is pretty good. Official website: https://grimmw.com/ https://bitcointalk.org/index.php?topic=5172476.0 Block Explorer: https://explorer.grimmw.com/ Github: https://github.com/freenetcoder/grimm Medium: https://medium.com/@grimmwcom https://github.com/freenetcoder/grimm/releases Telegram: https://t.me/grimmw Twitter: https://twitter.com/grimmwcom Discord: https://discordapp.com/invite/XKgPPW2 |
