Groestlcoin (GRS)
| Market Cap | Volume | Last Trade |
|---|---|---|
Groestlcoin Details
| Built On | Launch Date | Proof Type | Max Supply | Circulating Supply | Website |
|---|---|---|---|---|---|
| 0 | 0 | NO | Platform | Block Reward | Block Time | Block Number | Net Hashes Per Sec | Groestlcoin |
| 0 | 0 | Trade |
Groestlcoin (GRS) price today is $0.0000000 USD. Trading volume was 0.00 GRS in the last 24 hours. Current market cap of Groestlcoin is $0 USD. Groestlcoin has a circulating supply of 0 GRS coins out of a maximum supply of 0 GRS coins.
What is Groestlcoin (GRS) | The Only Guide You Need
Welcome to your comprehensive guide on Groestlcoin (GRS), an innovative cryptocurrency project with a strong focus on technological advancement.
What is Groestlcoin (GRS)
Groestlcoin (GRS) is a decentralized digital currency that enables instant payments to anyone, anywhere in the world. It uses peer-to-peer technology to operate with no central authority, with the managing of transactions and issuing of Groestlcoins carried out collectively by the network.
Who Created Groestlcoin and What Problem Does It Solve?
Groestlcoin was launched in March 2014 by an anonymous developer. The goal of the Groestlcoin project is to make efficient mining possible for everyone and to ensure the decentralization of the network. The name “Groestl” comes from a hash function in the cryptographic algorithm that the coin uses.
The main problem Groestlcoin aims to solve is the high energy consumption in cryptocurrency mining. It is designed to be ASIC-resistant to level the playing field, which allows everyday users to mine the cryptocurrency using their personal computers.
How Can I Buy Groestlcoin (GRS)
To buy Groestlcoin (GRS), you can follow these general steps:
- Go to either Bittrex or Coinex.
- Register and complete any verification procedures that the platform requires.
- Deposit funds into your account.
- Buy GRS with your deposited funds.
Remember to consider transaction fees and the security of your assets when choosing a platform.
What are the Tokenomics
The maximum supply of Groestlcoin is capped at 105,000,000 GRS, and the current circulating supply as of August 2023 is 83,096,734 GRS.
Initial Token Distribution of Groestlcoin
Groestlcoin Markets
Groestlcoin Price Chart
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Best Wallets for Groestlcoin
Several wallets can be used for storing GRS, including:
- Groestlcoin Core: This is the official Groestlcoin wallet, available on Windows, macOS, and Linux.
- GRS Samourai Wallet: This is a privacy-focused wallet that provides several advanced features.
- Hardware Wallets: GRS is also supported by leading hardware wallets like Ledger and Trezor, which offer an additional layer of security.
How Can I Find More Groestlcoin News
To keep up with the latest developments and news on Groestlcoin, you can follow these resources:
Coins Similar to Groestlcoin
Several other projects also focus on energy-efficient algorithms and decentralized mining. These include:
- Vertcoin (VTC): This project also aims to keep its mining functions decentralized and is resistant to ASIC mining.
- Monero (XMR): Monero is another cryptocurrency that focuses on privacy and decentralization, offering ASIC resistance to ensure all miners have equal opportunities.
In summary, Groestlcoin presents a unique approach to ASIC resistance and energy efficiency in cryptocurrency mining. Its continuous development and enhancements make it a project worth watching in the crypto space.
