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Currency
GRS Price
Contracts/Explorers:
Funds and Backers
No funds found yet
Wallets
No wallets found yet
Groestlcoin is a privacy-oriented cryptocurrency, which uses Segwit and Lightning Network.
Market Cap
$ 46.69M
FDV
$ 57.76M
ATH Market Cap
$ 240.95M
24 Trade Vol.
$ 498.75K
Vol. (24h) / MCap
0.0107
Max Supply
GRS 105,000,000
Total Supply
GRS 105,000,000
Circulating Supply
GRS 84.88M
(80.8% of Max Supply)
Listing Date
1 Jan 2018
All Time High
$ 3.12
9 Apr 2021
All Time Low
$ 0.08
13 Mar 2020
From ATH
From ATL
Groestlcoin operates as a Proof-of-Work blockchain network that facilitates transfers of digital assets. The project was launched in 2014 and has been actively releasing an update every three months since. The founders created Groestlcoin with the idea to create a payment method that is based entirely on mathematical proof. This is so that it avoids any potential third-party interference or the possibility of malicious activity. It focuses primarily on developing technological advancements and is both SEGWIT and Lightning Network compatible.
GRS is the platform’s native cryptocurrency. A total of 105,000,000 GRS can ever be mined.
Since Groestlcoin is a fork from the Bitcoin blockchain, it operates in a similar fashion to Bitcoin and many other cryptocurrencies. It has the same block creation time of 10 minutes, however, it has integrated other features with the aim of improving some of the holdbacks of Bitcoin, for example, scalability. Its network runs as a public ledger. Miners help to secure the network.
The project uses a unique hashing algorithm known as Groestl-o. It is designed specifically for GPU mining and is ASIC resistant, which helps to promote equal mining opportunities. Miners can complete mathematical problems in order to verify and add transactions to the block. In return for helping validate transactions on the network, they are rewarded with GRS coins. Each block mined is rewarded with 5 GRS coins.
Transactions are processed on the network via a private TOR server, which is then interlinked with the Lightning Network. It is then sent instantaneously to the Groestlcoin blockchain. SegWit helps to keep the network scalable.
Groestlcoin is compatible with multiple wallets, including its own desktop wallet, Groestlcoin Core, and its various mobile wallets.
Thanks to its integration with Lightning Network, transaction fees are almost zero and payments are instant. The network is also scalable and facilitates Atomic Swaps.
GRS is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Binance, Huobi Global, and BitGlobal. The price of GRS will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for GRS market prices, please view the price charts on this page.
Groestlcoin's current price is $ 0.550, it has increased +0.04% over the past 24 hours.
Groestlcoin's All Time High (ATH) of $ 3.12 was reached on 9 Apr 2021, and is currently -82.4% down.
The current circulating supply of Groestlcoin is 84.88 Million coins, and the maximum supply of Groestlcoin is 105.00 Million.
Groestlcoin’s 24 hour trading volume is $ 498.75 Thousands.
Groestlcoin (GRS) operates on its own blockchain and can be minted.
Groestlcoin's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 46.69 Million.
You can find more details about Groestlcoin on its official website and on the block explorer.
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