Market Cap
$27,944,151.7
Fully Diluted Valuation
$33,673,661.5
24 Hour Trading Vol
$1,417,579.3
Circulating Supply
87,134,448.9
Total Supply
87,134,448.9
Max Supply
105,000,000.0
Groestlcoin Price
$0.321
24h Range
$0.315 - $0.325
Percent Change 1h
0.14%
Percent Change 24h
2.07%
Percent Change 7d
-9.37%
All-time high
$2.74
All-time low
$0.00007701
1D
7D
1M
1Y
All
Groestlcoin (GRS) is a cryptocurrency that was launched in 2014, designed to be fast, secure, and user-friendly. It employs a unique proof-of-work algorithm known as Groestl, which is based on the Groestl hash function. This algorithm is notable for its resistance to ASIC mining, promoting a more decentralized mining environment. Groestlcoin aims to provide a complete payment solution with features such as instant transactions, a focus on privacy, and low transaction fees, making it suitable for everyday use. As of 2024, Groestlcoin has a market capitalization of over $35 million and is actively traded on various exchanges, showcasing its longevity and community support.
Groestlcoin was founded by a group of developers, including its lead developer, "Jascha." The project was initiated with the goal of creating a coin that emphasized security and speed, pioneering features that would eventually become standard in other cryptocurrencies. The development team is known for its active engagement with the community and focuses on continuous improvement and innovation. Unlike many cryptocurrencies, Groestlcoin was launched without an initial coin offering (ICO), which reflects its commitment to a decentralized ethos.
Groestlcoin operates on a proof-of-work consensus mechanism, utilizing the Groestl-512 hashing algorithm. This algorithm is designed to be memory-hard, which means it requires substantial memory resources to mine, making it difficult for ASIC miners to dominate the mining process. Groestlcoin transactions are confirmed quickly, typically within 30 seconds, and the network can handle a high volume of transactions with minimal fees. Additionally, Groestlcoin supports Segregated Witness (SegWit), which helps reduce transaction sizes and improve scalability. The coin also features a Lightning Network integration, enabling near-instant transactions and further reducing costs.
The primary use case of Groestlcoin is as a digital currency for everyday transactions. Its fast confirmation times and low fees make it ideal for microtransactions, online purchases, and remittances. Some notable use cases include:
Keeping your Groestlcoin (GRS) safe is crucial for protecting your investment. Here are several best practices:
Investing in Groestlcoin (GRS) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Groestlcoin: Once your account is funded, you can purchase Groestlcoin directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Groestlcoin using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Groestlcoin (GRS) is currently trading at $0.321 and exhibits good potential for future growth. Check the latest Groestlcoin (GRS) price prediction.
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