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Groestlcoin (GRS) is the 511th largest cryptocurrency in the world by market cap, valued at $32,321,379. The current price of Groestlcoin is $0.3947115018, which is -0.696% lower than yesterday. Prices have ranged between $0.453497 and $0.394243 over the past 24 hours. All prices are listed in US dollars and accurate as of February 07, 2023 12:02 UTC.
Groestlcoin (GRS) is named after the cryptographic hash function, Grøstl, which is the foundation of its altcoin algorithm. Its founders claim that a key feature of the coin is that it is easy to mine, requiring low resource consumption and computational power.
The team behind GRS state that it enables Lightning Network, a feature that allegedly makes instant transactions possible. This feature also introduces scalability and micropayments into the network. Atomic Swaps, a process that enables trading between cryptocurrencies without a third party, are also possible with Groestlcoin.
GRS is ASIC-resistant, designed to be efficiently mined by people without access to specialized mining equipment. The coin was also the first cryptocurrency to activate the Segregated Witness protocol in January 2017. Abbreviated as SegWit, this feature was introduced to make several improvements to the network such as block size growth optimisation.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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