GRS

GroestlcoinGRS

Rank #375
Coin
On 4,035 watchlists

Presyo ng Groestlcoin (GRS)

$0.3748
0.89%

0.00001082 BTC

0.0002862 ETH

Mababa:$0.3676
Mataas:$0.3893
24h
GRS  Groestlcoin GRSPrice: $0.3748 0.89%
Market Cap
$28,769,404
0.88%
Fully Diluted Market Cap
$39,349,048
0.89%
Dami
24h
$3,782,945
22.65%
Umiikot na Supply
76,769,009 GRS
73%
Sagad na Supply
105,000,000

Groestlcoin Chart

 

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Tungkol sa Groestlcoin

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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GRS

Groestlcoin

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USD

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GRS Price Statistics

Groestlcoin Price Today
Presyo ng Groestlcoin$0.3748
Price Change24h$-0.003345

0.89%

24h Low / 24h High
$0.3676 /
$0.3893
Trading Volume24h$3,782,945.09

22.65%

Market DominanceWalang Datos
Ranggo sa Merkado#375
Groestlcoin Market Cap
Market Cap$28,769,403.92

0.88%

Fully Diluted Market Cap$39,349,047.95

0.89%

Groestlcoin Price Yesterday
Yesterday's Low / High
$0.3676 /
$0.3936
Pagbubukas / Pagsasara Kahapon
$0.3915 /
$0.3878
Pagbabago Kahapon

0.95%

Dami Kahapon$4,826,682.60
Groestlcoin Price History
7d Low / 7d High
$0.3412 /
$0.4205
30d Low / 30d High
$0.2568 /
$0.5245
90d Low / 90d High
$0.1635 /
$0.7350
52 Week Low / 52 Week High
$0.08311 /
$0.7350
Pinakamataas
Dec 21, 2017 (3 years ago)
$2.69

86.06%

Pinakamababa
Nov 17, 2014 (6 years ago)
$0.00006022

622206.27%

ROI ng Groestlcoin

8663.98%

Groestlcoin Supply
Umiikot na Supply76,769,009 GRS
Kabuuang Supply76,769,009 GRS
Sagad na Supply105,000,000 GRS

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