Before we discuss the details of the first split of the GRIN Project we first consider what the project is and what it aims at.
GRIN is a cryptocurrency that focuses on privacy and uses a technique called “MimbleWimble” to opaque transactions.
The currency project was launched in January of this year and the value of one currency at launch is $ 14 to dump and settle until the moment at $ 2.
The currency is ranked 169 on the CoinMarketCap with a total value of $ 27 million and a trading volume of $ 16.8 million in the last 24 hours.
GRIN collected $ 65,000 in donations from group sources. To receive an anonymous donation in early May worth $ 300,000.
For the details of the first fork of GRIN project, the developers, led by the developer “Quentin Le Sceller”, will reach the cluster number at which the split (fork) will begin at 262080 and the date of the split will be July 17.
The developers will discuss the date of the start of the upgrade and prepare for the split, who chose to name him “Floonet”
And set the date for the start of the network upgrade to receive the split on June 19.
A developer confirmed the nickname “Yeastplume” as saying:
“We must try to add here to the scheduled and proposed date for the transition to version 2.0.0 of the network.”
The new version of the GRIN network will improve the mining process, upgrade the coin wallet, increase its flexibility, facilitate its use and update the application interface of the official GRIN portfolio.
Please note, that is not a bit of financial advice, nor the WhaleToBe team’s view