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Daniel Lehnberg, Expert on Grin and the MimbleWimble privacy protocol, discusses the origins of MimbleWimble, the development of Grin, and how the protocol works. They explore the privacy features, the implementation of Cuckoo Cycle proof of work, and the values and decentralization of the Grin project.
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Quick takeaways
- GRIN implements the Mimblewimble protocol, focusing on privacy and scalability by minimizing information on the chain and using interactive transactions for enhanced privacy.
- GRIN's funding model is community-based, with no ICO or pre-mining, emphasizing fairness and decentralization.
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Introduction to GRIN and Mimblewimble Protocol
GRIN is an open-source community project implementing the Mimblewimble protocol. It aims to provide privacy and scalability to blockchain transactions. The Mimblewimble protocol focuses on minimalism and keeps little information on the chain, hiding transaction amounts and addresses. The protocol requires an interactive process between the sender and receiver to build transactions, enhancing privacy. GRIN's unique transaction structure allows for aggregation and removes unnecessary data on the chain through a process called cut-through.
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