Why does Grin prohibit recharging

Grin Why is refilling prohibited Editor’s note: This article is based on the authorized reprint of the Daily Planet

Grin was born to solve the problem of crypto assets such as Bitcoin, Ethereum and Bitcoin Cash. The term “privacy coin” first appeared on January 3, 2009. It was put forward in the concept of decentralized finance (DeFi) at the beginning of 2013. However, because Open-source software was not used for development and application, it could not continue to be used as a payment tool to realize the mission and vision of monetization, and eventually gradually became a new virtual economy – blockchain digital token. However, with the development of Bitcoin networks becoming more mature and increasingly accepted, this new concept has also become an important component of mainstream consensus. Although many project parties have already started building public chains, there are still certain problems in the actual implementation process, such as mining machine manufacturers may face performance bottlenecks due to their low technical level; Even some early investors believed that the “anonymous currency” they held would no longer be supported by Satoshi Nakamoto’s Grin or an exchange This type of event can have a significant impact on users. So why prohibit the recharge of encrypted assets such as Bitcoin and Ethereum

Since ancient times, there has been a lot of information about Bitcoin and Ethereum that needs our attention, because they are part of the protocol created by the Bitcoin Core team. However, in the past few years, the connection between Bitcoin and other digital tokens has become increasingly close, leading to issues such as a lack of interoperability between Bitcoin and other encrypted assets. So for Bitcoin, there are two main issues:

One is whether Bitcoin itself has anti ASIC functionality and cannot be used for mining.

. The core mechanism of Bitcoin is the POW algorithm, which ensures the security and stable runtime of the Bitcoin network. Secondly, because the Bitcoin network uses the Proof of work algorithm, Bitcoin requires high computing power, and the Bitcoin hash function is designed based on this. The third issue is the insufficient network security and stability of Bitcoin, which can lead to attacks when the network reaches a certain height. Finally, it is whether Bitcoin node operators can handle their own transactions in a timely manner.