What is Groestlcoin?
The Groestlcoin or GRS is a novel cryptocurrency based exclusively on mathematical proof and created for near-instant online day-to-day operations.
GRS achieves this goal by utilizing a Peer-to-Peer (P2P) model for executing transactions. This way there is no need for a third-party middleman as all of the transaction details are confirmed by a network of nodes.
Furthermore, Groestlcoin comes with SegWit and the Lightning Network.
There is a max cap of 105,000,000 GRS coins which makes the coin supply deflationary. To put it simply, this means that the GRS price could increase as the number of circulating coins decreases.
GRS is a Proof-of-Work (PoW) cryptocurrency that can be acquired via mining.
Additionally, you can purchase Groestlcoin via major supported DEXs and CEXs. Check out our recommended exchange list for purchasing GRS in the above section.
GRS is considered to be a digital asset. As such, it experiences periods of volatility. During these periods, the GRS price fluctuates.
Therefore, before making any purchase decisions, it’s important to consider these changes in price. A good starting point is a price chart like the one provided above. It will show you the price history and trends, among other details.
Groestlcoin Mining
As discussed in the "What is Groestlcoin" section, Groestlcoin can be mined. To do this, Groestlcoin employs the Grøstl mining algorithm. The latter was one of the finalists of the NIST hash function competition hosted by the US National Institute of Standards and Technology.
Grøstl allows miners with less powerful computers to mine the coin as well. This makes it more accessible than other cryptocurrencies that need a lot more computing power.
In fact, GRS is the first cryptocurrency based on Grøstl.
Who Developed Groestlcoin?
The Groestlcoin crypto project was launched in 2014. Its founding team members have chosen to keep their identities hidden. Instead, they introduce themselves under aliases
Jackielove4u, hashengineering, ufasoft, kefkius, yokomoko, yura-pakhuchiy, and quantumexplorer.
Don’t forget to monitor the GRS price before jumping into Groestlcoin or any other cryptocurrency project.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
39.22K
Followers: 39,228
0.07%
Following
1,373
0.00%
Posts count
3,321
0.00%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
107.32K
Subscribers: 107,327
0.00%
Subreddit type
public
Moderators
7
0.00%
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
789
0.13%
Title
GRS [Groestlcoin]
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
53 / 100
3.64%
Ahrefs Rank
516,709
5.90%
Organic Traffic (mo.)
0
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
456
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
-
Watchers
-
Forks
-
Language
-
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