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Research

MimbleWimble: History, Technology, and the Mining Industry

Quick Take

  • Two privacy-oriented currencies based on the MimbleWimble protocol are pushing out January 2019 launches.
  • Both make a number of trade-offs in design decisions, with Grin focusing on a bottom-up “fair launch” and BEAM taking the route of Zcash and other projects in its formal foundation structure.

A historical overview of MimbleWimble, Grin, & BEAM

MimbleWimble, a blockchain protocol focused on fungibility, privacy, and scalability, was released in the wild in July 2016 on IRC channel #bitcoin-wizards by pseudonymous Tom Elvis Jedusor. The paper proposed a novel way of combining transactions to improve the privacy features in a public blockchain.