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Groestlcoin (GRS) is a cryptocurrency founded by Igor Janson in 2014. It is a decentralized blockchain-based cryptocurrency with a focus on technological advancement.
Groestlcoin was reportedly the first crypto to activate SegWit and the first crypto with a Lightning Network mainnet transaction. Groestlcoin is said to be a fast, secure, and privacy-oriented cryptocurrency with almost zero fees.
Unlike many of the latest technologically advanced cryptocurrencies of today, Groestlcoin uses a proof-of-work (PoW) consensus algorithm rather than a proof-of-stake (PoS) consensus algorithm to secure the network and mint new coins. GRS is an ASIC-resistant cryptocurrency that utilizes the Grøstl-512 mining algorithm, hence the ugly name, Groestlcoin.
Like Bitcoin, Groestlcoin is pseudonymous. However, the development team has ported the popular Samourai wallet to give users full anonymity, allowing for private stealth addresses with both TOR and VPN support, as well as onboard AES-256 encryption.
According to the Groestlcoin website, the cryptocurrency is accepted at 30 different online stores and is integrated with 13 different payment processors. Adding to this, Groestlcoin has two different brands of debit cards, Paycent and Pungo, which can be pre-loaded with GRS tokens.
Groestlcoin (GRS) has a maximum token supply of 105,000,000 GRS and a circulating supply of 73,313,224 GRS. The Groestlcoin blockchain initially had block rewards of 512 coins and now has block rewards of 5 coins. The block size is 1 mb and block time is 1 minute. Anyone can begin mining Groestcoin and there are 9 different mining pools to join.
13 Sep 2023 1 minute read 0 comments Kovichni
Huh, now who saw this coming? I didn't to be quite honest. I mean, I know I sort of mentioned how GRS was somewhat undervalued but still one to keep an eye on as they were down but not out which is why I got a small bag again, but I didn't expect thi...
14 Feb 2023 2 minute read 4 comments Kovichni
Today I'm going to extensively do something I usually don't do: Name names. Back in the day when I first re-entered the world of crypto, I did some solid research if I say so myself😁 and some of the alts I decided to get involved with were RLC and GR...
9 Jun 2020 4 minute read 0 comments moon333
Hi friends hope you are doing well. In this article I want to show you my technical analysis on Groestlcoin to understand how it has completed the setup for very big bullish move. Major announcement: If we visit the official website of GRS then they...
12 May 2019 1 minute read 0 comments CryptoStation
GRS is at a very strong support zone with Fibonacci Ext 2.618 and the downtrend support line. GRS is still in the Falling Wedge reversal formation. It seems that GRS has prepared for a strongn pump in near future, expected to peak at the end of this...
8 May 2019 6 minute read 0 comments fycee
Being one of the pioneers in the industry and providing a constant program-wide updates should be considered whenever you plan to invest and HODL into cryptocurrencies. Groestlcoin (GRS) was offered to the public last March 2014. One of the pioneers...
23 Mar 2019 1 minute read 4 comments goldhunter1
Altcoin season arising and volumes of trading rising everywhere there is no better time than to make yourself some extra coins/satoshi. I recommend trading at exchanges with high volumes and a good selection of coins such as Binance, Kucoin, Kraken,...
13 Jan 2022 3 minute read 0 comments Saikartix
We all know that scams are common in Crypto space, people wanting to make a quick buck, some are in desperate need of funds or aren't technically well versed. Scammers prey on these people. Common scams are like , Send me your ETH, I'll double it in...
