What is the story behind MimbleWimble? What is Grin? What is a Dandelion transaction relay, as described in BIP156, and how does it improve the anonymity of the Bitcoin network?

CLARIFICATION/ CORRECTION: At 1:14, I talk the origins of MimbleWimble. The PDF was submitted to the Bitcoin research IRC channel on August 2nd, 2016. The pseudonymous author used the name “Tom Elvis Jedusor,” which is the French version of Voldemort’s real name. I also say that the name “MimbleWimble” was referencing the name of a spell from Harry Potter, which is the Tongue-Tying Curse and prevents someone from speaking about (not “seeing”) something: http://harrypotter.wikia.com/wiki/Tongue-Tying_Curse

At 6:08, I was unable to list the names of the team members behind the Dandelion proposal. They are Giulia Fanti, Shaileshh Bojja Venkatakrishnan, Surya Bakshi, Bradley Denby, Shruti Bhargava, Andrew Miller and Pramod Viswanath (researchers at Carnegie Mellon, MIT, and the University of Illinois).

Read the MimbleWimble paper here: https://scalingbitcoin.org/papers/mimblewimble.pdf

Andrew Poelstra’s MimbleWimble presentation: https://youtu.be/aHTRlbCaUyM

More information on BIP-156: https://github.com/gfanti/bips/blob/master/bip-dandelion.mediawiki

The BIP-156 pull request: https://github.com/bitcoin/bitcoin/pull/13947

NOTE: As usual, this video is intended as an educational resource on topics such as blockchain protocols (i.e. MimbleWimble) and not as an endorsement of specific implementations (e.g. Grin).

These questions were part of the July and (late) August monthly live Patreon Q&A sessions, which took place on July 28th and September 1st 2018 respectively. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8

[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8

MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042

[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

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Music: “Unbounded” by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)

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31 COMMENTS

  1. What do you think to the other mimblewimble implementations to rival Grin Andreas? Which do you see as gaining the most traction or having the most desirable features out of Grin and Beam? I've also heard a 3rd one called woke mentioned. Is this even a serious contender? This is a question for anyone else as well obviously…

  2. I assume that Grin is currently in test net phase and therefore no coins/tokens in relation to it can yet be acquired or traded? If so what is a likely timescale for these to become available? Also, is dandelion a protocol that will have it's own blockchain to go along with it and therefore it's own coin/token?

  3. Millennials can blame the separation of the gold standard with the US Dollar for the economy their living in today. Baby boomers were at best when it came to wage and labor. How dare you criticize the youth of today when you raped the value of which their dollar had little of what’s left.
    Sadly, War is the only reason why the dollar stands today. Forcing 3rd world countries to give up resources which is the lifeline of their economy and livelihood.
    Quantitative easing at its best with Multiple Countries exchanging debt notes with each other. Fooling nobody but themselves is a shame and a sham of what this world has become.

    I believe in a currency that has no inflationary standard. a currency that can be transacted with anybody and everybody around the world. A currency that is fast, secure, transparent and permissionless.
    A currency that has no central 3rd party control of whatsoever.
    And lastly a currency that was built by the people who learned that given the chance to trust a closed door will lock them from a world they once knew that had little to no value in the meaning of faith and trust.

    -Blockchain

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