GRS

GRS Groestlcoin

Price of 1 Groestlcoin today (17 February)

$ 0.0082

Price of Groestlcoin (GRS)

Market Cap

$ 730.3K

+12%

#3851

FDV

$ 857.2K

Trading Volume, 24h

$ 2

Dominance

0.000029%

In circulation GRS

89,461,602 85%

Max supply

105,000,000

Price Min/Max

24 hrs

$ 0.0082

30 days

$ 0.0018

$ 0.0602

1 year

$ 0.0018

$ 0.444

GRS Sectors:

Groestlcoin does not belong to any sector.

Exchanges where GRS is traded

	Exchange	Pair	Price	Volume, 24h
1	Komodo Wallet	GRS/LTC	$ 0.011 Ł 0.0002	$ 2	Go
2	Komodo Wallet	GRS/DOGE	$ 0.0082 Ð 0.0955	$ 2	Go
3	Komodo Wallet	GRS/RVN	$ 0.0108 RVN 1.6639	$ 0	Go
4	BitBNS	GRS/INR	$ 0.0916 ₹ 8.3000	$ 0	Go
5	Komodo Wallet	GRS/DGB	$ 0.0117 DGB 4.1373	$ 0	Go

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The first currency trading commenced in 22 March 2014 , and up to the present day, Groestlcoin (GRS) available for trading on Komodo Wallet and BitBNS. The maximum trading volume is observed for the trading pair GRS/LTC and reaches 2 dollars (42% of the total volume across all exchanges). During the week, the minimum price for Groestlcoin (GRS) is fixed on Tuesday at 0.0082 cent. Currently, the token Groestlcoin is trading in the range of 0.816 cent or 0.000022 kopecks for 1 GRS.

Calculator GRS

GRS

USDT

1 GRS = 0.0082 USD

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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.