Hello and welcome to this blog post about Grin White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Grin white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Grin (GRIN).
I can ensue you that, you will be able to understand every bits and pieces related to Grin (GRIN) after going through the Grin white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Grin White Paper
Grin white paper will be going to provide you, all the information that is needed to get started with Grin (GRIN), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Grin (GRIN).
Grin is a privacy-preserving digital currency built openly by developers distributed all over the world. Grin has no amounts and no addresses. Transactions can be trivially aggregated. To hide the origin of a newly created transaction, it gets relayed among a sub-set of peers before it is widely broadcasted. Grin is not controlled by any company, foundation or individual.
The coin distribution is designed to be as fair as possible, with an emission of 1 GRIN per second. Mimblewimble leverages cryptography to allow past transaction data to be removed with no compromise on security. This avoids Grin collapsing under the weight of data having to be kept on chain.
White Paper Link: Grin (GRIN) White Paper
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