About GRS
Groestlcoin (GRS), launched on 22nd of March 2014 with a focus on technological advancement, Groestlcoin is a fast and secure coin with almost ZERO fees, that is privacy oriented. Major development release every 3 months. Groestlcoin was the first coin that activated SEGWIT and is Lightning Network ready. The cryptocurrency operates as open source software on a peer-to-peer model (transactions take place directly between the payer and payee). This means that no trusted intermediary such a bank or PayPal is required to verify the details of the sender and receiver. Rather, the transactions are verified by nodes (the network of computers/users spread globally) and recorded in an open ledger referred as blockchain.
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Frequently Asked Questions
How does it work?
Read MoreGroestlcoin is mined using the Groestl algorithm. Groestl was chosen as one of the five finalists of the NIST hash function competition. It uses the same S-box as AES in a custom construction. The cryptocurrency operates as open source software on a peer-to-peer model (transactions take place directly between the payer and payee). This means that no trusted intermediary such a bank or PayPal is required to verify the details of the sender and receiver. Rather, the transactions are verified by nodes (the network of computers/users spread globally) and recorded in an open ledger.
What does it aim to solve?
Read MoreWith a shorter block period than Bitcoin, Groestlcoin aims to be more functional for everyday payments. Merchants don’t need to wait 10 minutes to confirm whether or not they have received their payment. The reduction in hashrate intensity also gave Groestlcoin an opportunity to be mined by individuals with less computing power. However, companies and teams have created ASICs for Groestlcoin, albeit at a higher cost than creating ASICs for Bitcoin. Rather than just a simple fork, Groestlcoin also works to adopt developments and additions inspired from discussions surrounding the Bitcoin network, and was actually one of the first adopters to several key features such as Segregated Witness (SegWit) and the Lightning Network.
What is the all-time high price of Groestlcoin (GRS)?
Read MoreThe all-time high of GRS was 2.79 USD on 2021-04-09, from which the coin is now down 94.46298578985663%. The all-time high price of Groestlcoin (GRS) is 2.79. The current price of GRS is down 94.46298578985663% from its all-time high.
How much Groestlcoin (GRS) is there in circulation?
Read MoreAs of
, there is currently 88.99M GRS in circulation. GRS has a maximum supply of 105.00M. What is the market cap of Groestlcoin (GRS)?
Read MoreThe current market cap of GRS is 13.75M. It is calculated by multiplying the current supply of GRS by its real-time market price of 0.154482696463.
What is the all-time low price of Groestlcoin (GRS)?
Read MoreThe all-time low of GRS was 0.00006022
, from which the coin is now up 256430.5487595483%. The all-time low price of Groestlcoin (GRS) is 0.00006022. The current price of GRS is up 256430.5487595483% from its all-time low. Is Groestlcoin (GRS) a good investment?
Read MoreGroestlcoin (GRS) has a market capitalization of $13.75M and is ranked #1008 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Groestlcoin (GRS) price trends and patterns to find the best time to purchase GRS.