/biz/ - Business & Finance

Addressing the FUD edition.

>What is MimbleWimble?
MimbleWimble is a blockchain design that preserves the integrity of the transaction ledger without storing any historical transaction data.
>Why mimblewimble?
MimbleWimble is able to achieve Monero like privacy with scaling ADVANTAGES instead of scaling costs.
The size of the MimbleWimble blockchain scales with unspent outputs which you can think of as roughly analogous to scaling with how many users are using it rather than how long it has been in use.
>What projects are currently using MimbleWimble?
Right now I am aware of Grin, Beam and "MimbleWimble Coin". Supposedly litecoin may be coming out with a MimbleWimble sidechain in the future.
>Why mention Grin in the Subject specifically?
Grin is the Bitcoin of MimbleWimble. It is minimalist, fast and lightweight. Crowed funded entirely with donations. No ICO funny business of any kind. No corporate organization. Completely novel code written totally from scratch. MimbleWimble coin I think is just a fork and beam is a corporate style thing that minted themselves 20% of the currency supply.
>Why I am bullish on grin:
Grin is currently ranked higher than #500 according to coingeko. I'm not saying it should be top 5, I'm not even saying it should be top 20. But this project has some of the most competent and serious devs in this space and a development warchest of over $5million in bitcoin. #500+ is a joke for a project this cool and even a move into ranking #100 would be 15x.

Some resources:
MimbleWimble & Grin whitepapers: https://github.com/mimblewimble/docs/wiki/A-Brief-History-of-MimbleWimble-White-Paper
MimbleWimble complete Beginner’s Guide: https://boxmining.com/mimblewimble/
MimbleWimble Explained: Privacy is a MUST: https://www.youtube.com/watch?v=JIwX9cEoAXw
MimbleWimble with Andrew Poelstra: https://www.youtube.com/watch?v=aHTRlbCaUyM
Grin website. http://grin.mw
The best exchange: http://tradeogre.com