During the next session of answers to questions the author of the book “Mastering Bitcoin” Andreas Antonopoulos have focused on the differences between Grin and Beam. Recall that both cryptocurrencies based on the same Protocol MimbleWimble. It displays the anonymity of the projects to a new level, completely hiding the transaction from prying eyes.
A new word in the crypt
According to Antonopoulos, MimbleWimble has the potential to solve several issues like privacy and scalability. The first Protocol was presented in 2016 by an anonymous developer under the name of Tom Elvis Jedusor. It is noteworthy that his middle name is the same as the French pronunciation of the name of Lord Voldemort from the Harry Potter Universe.
Was the first attempt to integrate the ideas. First attempt — opencarry the Grin project, on which work began two years ago. The main goal of the developer Grin has become a practical realization of all possibilities MimbleWimble.
Andreas also noted that the Grin is an open project, the financing of which involved the community. In addition, the coin is distributed without premine that adds to the team Grin a good image.
But Beam, which was released a year later, a different purpose. While its financing were not ordinary investors, and venture funds.
Both projects have two different approaches to management. One focused on research and is funded with community money. The other is focused on Commerce with the idea of creating your own product which can be profitable to sell. Grin has a command line interface, so it is not so easy to use. Beam has fully graphical interface and convenient wallet.
Besides projects in different economic model. Emissions Grin — 60 coins per block, and their maximum number is not limited. But Beam all the way around — it mining is virtually no different from Bitcoin mining.