This is a cross-post with bitcoin-talk (with less links) https://bitcointalk.org/index.php?topic=5104608
BitGrin is a implementation of MimbleWimble with time tested Bitcoin economics.
This means there will only ever be 21,000,000 total coins, reducing block reward every 4 years.
There will be only 21,000,000 BitGrin forever, period.
BitGrin will launch it’s mainnet after securing support from miners and pools.
Currently the target is to launch in 7 days, on February 7th, 2019.
Block time 60sec
Reward 5 BitGrin, reducing every 2,100,000 blocks (approximately 4 years)
PoW consensus with Cuckoo Cycle
BitGrin uses a very lightweight implementation of MimbleWimble, allowing every user to have complete privacy and anonymity.
BitGrin is also very scalable thanks to our implementation of MimbleWimble we can achieve 60sec blocks while maintaining a
lightweight blockchain. BitGrin was built to follow the time-tested bitcoin economics to the letter, the max coin supply is 21,000,000.
We added a flat-rate of 0.5 BitGrin to be sent to developer wallets -for a slowly distributed development fund - until the first halvening, to closely imitate the economic circumstance of “satoshis coins”, equating to about 4.9% of the total supply.
BitGrin blockchain code, mining software code etc. Is completely open. This is an Open Source project, we encourage everyone
to contribute and improve the code base, we also encourage every 3rd party in our ecosystem to do the same. Sharing is caring.
To ensure a fair launch BitGrin will be released with a “one-click” miner that is functional with supported pools, so even
non-technical users can immediately mine it and contribute in the economy.
Features of BitGrin
Open Source for All
PoW with Cuckoo Cycle consensus system