Groestlcoin Price (GRS)

Price of Groestlcoin (GRS) Today

The live price of Groestlcoin (GRS) today is 0.459957 USD. It has a current market cap of $ 39.82M USD. GRS to USD price is updated in real-time.
Key Groestlcoin Market Performance:
- 24-hour trading volume is $ 7.23M USD
- Groestlcoin price change within the day is -4.68%
- It has a circulating supply of 86.60M USD

Get real-time price updates of the GRS to USD price on MEXC. Stay informed with the latest data and market analysis. It is essential for making smart trading decisions in the fast-paced cryptocurrency market. MEXC is your go-to platform for accurate GRS price information.

Groestlcoin (GRS) Price Performance in USD

During today, the price change of Groestlcoin to USD was $ -0.0226296913312493.
In the past 30 days, the price change of Groestlcoin to USD was $ -0.0137462289.
In the past 60 days, the price change of Groestlcoin to USD was $ +0.1731261589.
In the past 90 days, the price change of Groestlcoin to USD was $ +0.10110146367988015.

Groestlcoin (GRS) Price Analysis

Discover the latest price analysis of Groestlcoin: 24h Low & High, ATH and daily changes:

Groestlcoin (GRS) Market Information

Dive into the market statistics: market cap, 24h volume, and supply:

What is Groestlcoin (GRS)

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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