Grin’s Founder Moves Away From The Project, Gets Compared to Satoshi Nakamoto’s Bitcoin Exit

The founder of the Grin project, Ignotus Peverell, has moved away from the crypto-related project in a similar way as Satoshi Nakamoto left Bitcoin (BTC) several years ago. The pseudonymous creator of Bitcoin claimed that the project was in “good hands with Gavin and everyone,” and mentioned that he “moved on to other things.”

Meanwhile, the pseudonymous founder of Grin said that the project is in “safe hands.”

Ignotus Peverell Leaves the Grin Project

Grin is a privacy-focused cryptocurrency that works with a different privacy technology compared to other coins and projects. This technology was first presented at a Bitcoin IRC chat in 2016 by Tom Elvis Jedusor (this is the real name of Voldemort in the French version of Harry Potter), however, this user disappeared for some time.

However, Ignotus Peverell posted an introduction to the Mimblewimble and its implementation on Grin on March 2017. Mr. Peverell can be the mysterious Tom Elvis Jedusor.

Although Ignotus might not have created Mimblewimble, it was the one in charge of bringing the concept into reality. Mr. Peverell was a wizard from the 13th century that received the invisibility cloak that reached Harry Potter. Thus, the name is related to the fact that they wanted to create a privacy coin to protects users’ identity.

The Grin member Yeastplume made a post on the project’s forum on June 22nd informing that Peverell was not been active during the last weeks and that he communicated that he needs to be far away from the project for a while due to personal reasons. The post reads as follows:

“In his message to the council members, Igno stated that Grin was “in the best hands possible.” We individuals in the current council are as committed as ever to doing our part, putting in our best work, and moving Grin forward in the spirit in which Igno started this project. We look forward to Igno’s return, and, as always, invite you to join us and help us in making Grin the best it can be.”

So @hasufl pointed out that Ignotus, pseudonomous creator of Grin, is stepping back from the project for personal reasons & says the project is in "good hands". Then @hasufl asked if this reminds us of someone.

Hold my beer… I think I see something here. 😱 pic.twitter.com/Ded0TGXBgg

— Anders Brun (@bjuno76) June 27, 2019

Both, Satoshi Nakamoto and Ignotus Peverell were 13 and 16 months active on their projects, respectively. In addition to it, they didn’t like self-promotion, even when they could write and code proficiently.

It is clear that individuals that want to give something to the community do it without requesting much back. During these months, it was possible to see a new project that aims at protecting users’ privacy using Mimblewimble.

Currently, Grin is the 96th largest digital currency in the market. It has a valuation of $71.42 million and a price per coin of $5.04.