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.
Groestlcoin is a cryptocurrency that was established at 2014-03-22. Groestlcoin is ranked #717 by market capitalization. Currently the GRS market cap exceeds 331.58M+ Japanese Yen. By market capitalization it is ranked #717. Daily trade volume is 8,475,316 CNY.
The Groestlcoin price today in CNY is 3.9. Through the Groestlcoin price history, the price ranges from 17.98 CNY (all time high) to 0.00047347 CNY (all time low). Groestlcoin price last 24 hours fluctuated from 4.08 CNY (24h high) to 3.9 CNY (24h low).
Check the Groestlcoin value today and exchange rates with more than 15 cryptocurrencies and fiat currencies including USD EUR GBP CNY JPY BRL RUB UAH INR CZK VND TRY CHF SEK BTC ETH BNB
Homepage: http://www.groestlcoin.com/
Block explorers: https://chainz.cryptoid.info/grs/ https://blockchair.com/groestlcoin https://grs.tokenview.io/ https://blockbook.groestlcoin.org/ http://groestlsight.groestlcoin.org/
Forums: http://www.groestlcoin.org/forum/
Reddit: https://www.reddit.com/r/groestlcoin
Twitter: https://twitter.com/GroestlcoinTeam/
Facebook: https://facebook.com/GroestlCoinGRS/
Groestlcoin live price may differ in various exchanges. Check GRS real-time data to make informed decisions.
You can buy Groestlcoin on decentralised or centralised exchanges, via p2p transfers or in individual direct transactions. REVENUEBOT offers an automated trading bot that helps among other things to buy and sell GRS at predefined levels. This way, no matter, day or night, there is no chance to miss the next move. The REVENUEBOT Groestlcoin trading robot will buy and sell following the strategy chosen by you.
In short, yes. But manual transactions, however fast, still can not be done in less than a second. That is why automated trading took over both traditional and crypto financial markets. Use the current price of Groestlcoin and trade with REVENUEBOT in less than a second.
In short, only if the current value of Groestlcoin will be less than the value of Groestlcoin at the moment of selling in the future. The Groestlcoin chart can only assist the Groestlcoin value today versus tomorrow, or the distant future. No one can guarantee you the profit but the REVENUEBOT is free until it brings you money. Please note that information concerning current Groestlcoin value or any other information on this page can not be considered investment, trading, financial advice or any sort of recommendation to act in the financial market. The content is provided for informational purposes only.
The answer to these questions depends on the GRS supply. Check the Groestlcoin live chart to see the current supply and predict how long it will take for the coins to run out. The total supply of Groestlcoin is 105000000 GRS, while GRS circulation supply now is 84948033.89 GRS.
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