Groestlcoin

Price

(grs)
Note: This platform does not support trading services in this currency
$0.326002 -0.0%
  • 1 Hour
  • 24 Hours
  • 7 Days
  • 14 Days
  • 30 Days
  • 1 Yr
  • +0.0%
  • -0.0%
  • -5.5%
  • +16.4%
  • +5.2%
  • -1.2%

Overview

grs Price Live Data

Today's price of Groestlcoin (GRS) is US$0.326002 and the 24 hour trading volume is US$1013695. This shows the price for the last 24 hours is Decrease to -0.03% and the price for the past 7 days is Decrease to -5.57%. The circulation supply is 87.93855888736624 million GRS and the market cap of Groestlcoin is US$28,672,340.

grs Price Information

24h Low/High

24h Low $0.321486
24h High $0.331924

All Time High

US$2.74

All Time Low

US$0.00007701

High Price 7D

US$0.34928

Low Price 7D

US$0.297591

grs Market Information

Market Cap Ranking

1009

Fully Diluted Valuation

US$28683965

Total Supply

87,974,213.88

Maximum Supply

105000000

Market Cap Advantages

0.001%

Circulation Supply/Total Market Cap

0.035

About grs

What is Groestlcoin? Groestlcoin is a proof of work cryptocurrency created in 2014. Designed for everyday use, Groestlcoin features an average block time of one minute, as opposed to Bitcoin's ten. As a consequence, it has a maximum total supply that will cap out at 105 million coins, as opposed to the 21 million for Bitcoin. The main idea of creating Groestlcoin was to establish an electronic payment model that was purely based on mathematical proof. It uses the proof of work system (POW) to facilitate secure online money transactions. This is a system that is independent of influence from centralized authorities. How does it work? Groestlcoin 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? With 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.

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