Grin News #4: Jul 09, 2018
Testnet 3 is live. New Mimblewimble project. Dandelion talk.
|Daniel Lehnberg||Jul 9, 2018|
Testnet 3 was released yesterday.
Dandelion talk from Building on Bitcoin. (via @quentinlesceller)
@quentinlesceller visited the SF Cryptocurrency Devs meetup in San Francisco to talk about Mimblewimble, Grin, and Dandelion.
Testnet 3 main improvements are covered in @yeastplume’s weekly update.
Gitter dev meeting from Tuesday last week.
Discussion on Initial Difficulty Adjustment for T3.
PR#1228: Fixing a bug where txhashset extension errors were being silently dropped.
On the forum & Gitter
@tromp and @photon brainstorming solutions that would kill off lean mining.
BEAM, another implementation of Mimblewimble. (via @alexanderliegl_twitter) From position paper, Telegram group, and Grin Gitter:
Written in C++ from scratch.
Blocks are mined using Equihash PoW.
Emission rate using “periodic halving”.
20% of all block mining rewards for the first five years goes to the Beam Growth Pool to incentivise development and promotion. The UTXOs for these are pre-generated as part of the Genesis block, and are time-locked to become available gradually at certain block heights.
Public Testnet launch in September (upon which code will be released, it’s currently closed sourced).
Beam’s CTO Alex Romanov dropped by the Grin Gitter several times to answer questions from the Grin community:
On Beam’s purpose and general info about their team and some of their considerations.
Grinpool.us (incomplete) source code released by @bladedoyle. Contributions are welcomed.
GrinScan block explorer updated to work on Testnet3.
Schnorr Sig BIP. (via @tromp)
Aug 1, London: The 2nd London meetup. Present your Grin-related projects.
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This newsletter is curated by Daniel Lehnberg. Any views expressed are personal and do not represent an official position of the Grin project.
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