Grin Full Node Day has been organised for the first time in China
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Grin Full Node Day has been organised for the first time in China

By Valeriya Georgieva - 24 Sep 2019

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GRIN has a relatively good presence and community in China. A group of privacy oriented individuals who call themselves “Gringotts古灵阁” has recently discussed and already organised the first “Grin Full-node Day” on 15th of September 2019. 

GRIN’s genesis block was inserted in the blockchain on 15th of January this year. GRIN is a new and experimental project which uses MimbleWimble, an open source protocol with high focus on private transactions.

Members from the community in China stated:

“We all know Grin has two principles: Minimal & Fair. Minimal makes it possible to unify anonymous private transactions and the capacity scalability of blockchains.”

The full-node is light (due to optimised size of blocks), which means that it is also fast.

As Metcalfe’s law states, the effect of a telecommunications network is proportional to the square of the number of connected users of the system, so it would mean that the value of a network is equal to the square of the number of nodes in the network. 

It could be concluded that the more running nodes a cryptocurrency network has, the more the environment gets secure and valuable. In order to increase the security and therefore the value of the environment, the GRIN community in China started encouraging people to install and run a full node on their devices. So everyone can easily run a wallet with Full node to increase the security and the value of the network.

On September 15th, China’s total Grin full nodes number has increased by dozens and the first phase of the full node day was successful.

 

Valeriya Georgieva
Valeriya Georgieva

Crypto Finance Officer & PR @ 0301 Farm

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