Behind the name Groestlcoin, which is difficult to pronounce, lies a possibly completely undervalued crypto currency with many advantages over Bitcoin. Similar to Bitcoin, it is a simple coin for transactions over the Internet.
The special feature lies in the mining, the extremely low fees and the anonymous wallet. Behind Groestlcoin is a small, anonymous team and an equally small but dedicated community. Why you should think about buying Groestlcoin, you can read here.
Groestlcoin - What is this crypto currency?
You shouldn't be irritated by the name. Some people think the Groestlcoin is the best kept secret of the crypto world. Now it is not the case that the coin is deliberately kept secret. The developers do hardly any marketing and concentrate on the development. And report regularly and already for years on the newest progress. But what is behind it?
In principle, GRS, the abbreviation for coin, is nothing special in the crypto world. GRS are sent as digital means of payment via a peer-to-peer network, similar to Bitcoin and many others. The blockchain originated from a Bitcoin hard fork in 2014, so it is based on Bitcoin's code.
However, the technologies are remarkable. It was the first blockchain to implement Segregated Witness (SegWit). SegWit divides the transactions into segments, ensuring transaction speed as the blockchain grows. SegWit was introduced later at Bitcoin when Bitcoin threatened to slow down due to its growth.
Another technology first tested at Groestlcoin was the Lightning Network. The Lightning Network is a separate network next to the actual blockchain. Transactions can be redirected to this network to increase their speed and relieve the blockchain. This also reduces the fees. These are among the cheapest of all coins and cost only a fraction of a cent.
Another special feature is its mining algorithm Grøstl-512. Hence the name of the coin. Groestlcoin uses both a proof-of-work and a proof-of-stake algorithm. Proof-of-work mining is ASIC-resistant. This means that it cannot be mined with expensive and powerful hardware that only a few can afford. Especially those that already have a lot of money. This should counteract the centralization trend that is also evident in Bitcoin Mining.
With proof-of-stake, on the other hand, no hardware is required. Users only need to keep a few GRS on their wallet and get the chance to get a few coins as a reward.
As far as the wallet is concerned, Groestlcoin has an incredibly large selection, something for every purpose and taste. For example "Samourai". Samourai supports the anonymous network TOR and helps to encrypt the transactions so that no conclusions can be drawn about the sender and recipient.
Who is behind the crypto currency?
Anonymity is important to the developers. So it should come as no surprise that the team also wants to remain anonymous. The main person in charge is using the pseudonym Gruve_P-Igor. He is supposed to come from the Netherlands. The size of the team varies, up to ten members are responsible for programming, the others for social media and administration.
Advantages and disadvantages
Transactions from GRS are fast, the fees are among the cheapest there are. The network has successfully tested and implemented Bitcoin Segregated Witness and Lightning Network before. This ensures stability and scalability for many years to come.
Finally, it shows that Groestlcoin is a technically excellent coin and that the developers are constantly working to improve it and keep it up to date. Mining also provides good incentives and counteracts centralization tendencies.
Another big advantage is the loyal community. That's something not to be underestimated. A loyal community gives feedback, does free advertising and helps with programming the blockchain. However, this community is also very small, which is partly due to the fact that the coin is still very unknown. And this circumstance may also be due to the name.
The name is not necessarily the best figurehead. There have already been polls to change the name, but so far nothing came of it. The developers are simply not interested in the image of the brand.
Trade GRS - GRS Markets, Exchanges, Broker
Behind the name Groestlcoin, which is difficult to pronounce, lies a possibly completely undervalued crypto currency with many advantages over Bitcoin. Similar to Bitcoin, it is a simple coin for transactions over the Internet.
The special feature lies in the mining, the extremely low fees and the anonymous wallet. Behind Groestlcoin is a small, anonymous team and an equally small but dedicated community. Why you should think about buying Groestlcoin, you can read here.
Groestlcoin - What is this crypto currency?
You shouldn't be irritated by the name. Some people think the Groestlcoin is the best kept secret of the crypto world. Now it is not the case that the coin is deliberately kept secret. The developers do hardly any marketing and concentrate on the development. And report regularly and already for years on the newest progress. But what is behind it?
In principle, GRS, the abbreviation for coin, is nothing special in the crypto world. GRS are sent as digital means of payment via a peer-to-peer network, similar to Bitcoin and many others. The blockchain originated from a Bitcoin hard fork in 2014, so it is based on Bitcoin's code.
However, the technologies are remarkable. It was the first blockchain to implement Segregated Witness (SegWit). SegWit divides the transactions into segments, ensuring transaction speed as the blockchain grows. SegWit was introduced later at Bitcoin when Bitcoin threatened to slow down due to its growth.
Another technology first tested at Groestlcoin was the Lightning Network. The Lightning Network is a separate network next to the actual blockchain. Transactions can be redirected to this network to increase their speed and relieve the blockchain. This also reduces the fees. These are among the cheapest of all coins and cost only a fraction of a cent.
Another special feature is its mining algorithm Grøstl-512. Hence the name of the coin. Groestlcoin uses both a proof-of-work and a proof-of-stake algorithm. Proof-of-work mining is ASIC-resistant. This means that it cannot be mined with expensive and powerful hardware that only a few can afford. Especially those that already have a lot of money. This should counteract the centralization trend that is also evident in Bitcoin Mining.
With proof-of-stake, on the other hand, no hardware is required. Users only need to keep a few GRS on their wallet and get the chance to get a few coins as a reward.
As far as the wallet is concerned, Groestlcoin has an incredibly large selection, something for every purpose and taste. For example "Samourai". Samourai supports the anonymous network TOR and helps to encrypt the transactions so that no conclusions can be drawn about the sender and recipient.
Who is behind the crypto currency?
Anonymity is important to the developers. So it should come as no surprise that the team also wants to remain anonymous. The main person in charge is using the pseudonym Gruve_P-Igor. He is supposed to come from the Netherlands. The size of the team varies, up to ten members are responsible for programming, the others for social media and administration.
Advantages and disadvantages
Transactions from GRS are fast, the fees are among the cheapest there are. The network has successfully tested and implemented Bitcoin Segregated Witness and Lightning Network before. This ensures stability and scalability for many years to come.
Finally, it shows that Groestlcoin is a technically excellent coin and that the developers are constantly working to improve it and keep it up to date. Mining also provides good incentives and counteracts centralization tendencies.
Another big advantage is the loyal community. That's something not to be underestimated. A loyal community gives feedback, does free advertising and helps with programming the blockchain. However, this community is also very small, which is partly due to the fact that the coin is still very unknown. And this circumstance may also be due to the name.
The name is not necessarily the best figurehead. There have already been polls to change the name, but so far nothing came of it. The developers are simply not interested in the image of the brand.
Trade GRS - GRS Markets, Exchanges, Broker
Behind the name Groestlcoin, which is difficult to pronounce, lies a possibly completely undervalued crypto currency with many advantages over Bitcoin. Similar to Bitcoin, it is a simple coin for transactions over the Internet.
The special feature lies in the mining, the extremely low fees and the anonymous wallet. Behind Groestlcoin is a small, anonymous team and an equally small but dedicated community. Why you should think about buying Groestlcoin, you can read here.
Groestlcoin - What is this crypto currency?
You shouldn't be irritated by the name. Some people think the Groestlcoin is the best kept secret of the crypto world. Now it is not the case that the coin is deliberately kept secret. The developers do hardly any marketing and concentrate on the development. And report regularly and already for years on the newest progress. But what is behind it?
In principle, GRS, the abbreviation for coin, is nothing special in the crypto world. GRS are sent as digital means of payment via a peer-to-peer network, similar to Bitcoin and many others. The blockchain originated from a Bitcoin hard fork in 2014, so it is based on Bitcoin's code.
However, the technologies are remarkable. It was the first blockchain to implement Segregated Witness (SegWit). SegWit divides the transactions into segments, ensuring transaction speed as the blockchain grows. SegWit was introduced later at Bitcoin when Bitcoin threatened to slow down due to its growth.
Another technology first tested at Groestlcoin was the Lightning Network. The Lightning Network is a separate network next to the actual blockchain. Transactions can be redirected to this network to increase their speed and relieve the blockchain. This also reduces the fees. These are among the cheapest of all coins and cost only a fraction of a cent.
Another special feature is its mining algorithm Grøstl-512. Hence the name of the coin. Groestlcoin uses both a proof-of-work and a proof-of-stake algorithm. Proof-of-work mining is ASIC-resistant. This means that it cannot be mined with expensive and powerful hardware that only a few can afford. Especially those that already have a lot of money. This should counteract the centralization trend that is also evident in Bitcoin Mining.
With proof-of-stake, on the other hand, no hardware is required. Users only need to keep a few GRS on their wallet and get the chance to get a few coins as a reward.
As far as the wallet is concerned, Groestlcoin has an incredibly large selection, something for every purpose and taste. For example "Samourai". Samourai supports the anonymous network TOR and helps to encrypt the transactions so that no conclusions can be drawn about the sender and recipient.
Who is behind the crypto currency?
Anonymity is important to the developers. So it should come as no surprise that the team also wants to remain anonymous. The main person in charge is using the pseudonym Gruve_P-Igor. He is supposed to come from the Netherlands. The size of the team varies, up to ten members are responsible for programming, the others for social media and administration.
Advantages and disadvantages
Transactions from GRS are fast, the fees are among the cheapest there are. The network has successfully tested and implemented Bitcoin Segregated Witness and Lightning Network before. This ensures stability and scalability for many years to come.
Finally, it shows that Groestlcoin is a technically excellent coin and that the developers are constantly working to improve it and keep it up to date. Mining also provides good incentives and counteracts centralization tendencies.
Another big advantage is the loyal community. That's something not to be underestimated. A loyal community gives feedback, does free advertising and helps with programming the blockchain. However, this community is also very small, which is partly due to the fact that the coin is still very unknown. And this circumstance may also be due to the name.
The name is not necessarily the best figurehead. There have already been polls to change the name, but so far nothing came of it. The developers are simply not interested in the image of the brand.
Trade GRS - GRS Markets, Exchanges, Broker
Behind the name Groestlcoin, which is difficult to pronounce, lies a possibly completely undervalued crypto currency with many advantages over Bitcoin. Similar to Bitcoin, it is a simple coin for transactions over the Internet.
The special feature lies in the mining, the extremely low fees and the anonymous wallet. Behind Groestlcoin is a small, anonymous team and an equally small but dedicated community. Why you should think about buying Groestlcoin, you can read here.
Groestlcoin - What is this crypto currency?
You shouldn't be irritated by the name. Some people think the Groestlcoin is the best kept secret of the crypto world. Now it is not the case that the coin is deliberately kept secret. The developers do hardly any marketing and concentrate on the development. And report regularly and already for years on the newest progress. But what is behind it?
In principle, GRS, the abbreviation for coin, is nothing special in the crypto world. GRS are sent as digital means of payment via a peer-to-peer network, similar to Bitcoin and many others. The blockchain originated from a Bitcoin hard fork in 2014, so it is based on Bitcoin's code.
However, the technologies are remarkable. It was the first blockchain to implement Segregated Witness (SegWit). SegWit divides the transactions into segments, ensuring transaction speed as the blockchain grows. SegWit was introduced later at Bitcoin when Bitcoin threatened to slow down due to its growth.
Another technology first tested at Groestlcoin was the Lightning Network. The Lightning Network is a separate network next to the actual blockchain. Transactions can be redirected to this network to increase their speed and relieve the blockchain. This also reduces the fees. These are among the cheapest of all coins and cost only a fraction of a cent.
Another special feature is its mining algorithm Grøstl-512. Hence the name of the coin. Groestlcoin uses both a proof-of-work and a proof-of-stake algorithm. Proof-of-work mining is ASIC-resistant. This means that it cannot be mined with expensive and powerful hardware that only a few can afford. Especially those that already have a lot of money. This should counteract the centralization trend that is also evident in Bitcoin Mining.
With proof-of-stake, on the other hand, no hardware is required. Users only need to keep a few GRS on their wallet and get the chance to get a few coins as a reward.
As far as the wallet is concerned, Groestlcoin has an incredibly large selection, something for every purpose and taste. For example "Samourai". Samourai supports the anonymous network TOR and helps to encrypt the transactions so that no conclusions can be drawn about the sender and recipient.
Who is behind the crypto currency?
Anonymity is important to the developers. So it should come as no surprise that the team also wants to remain anonymous. The main person in charge is using the pseudonym Gruve_P-Igor. He is supposed to come from the Netherlands. The size of the team varies, up to ten members are responsible for programming, the others for social media and administration.
Advantages and disadvantages
Transactions from GRS are fast, the fees are among the cheapest there are. The network has successfully tested and implemented Bitcoin Segregated Witness and Lightning Network before. This ensures stability and scalability for many years to come.
Finally, it shows that Groestlcoin is a technically excellent coin and that the developers are constantly working to improve it and keep it up to date. Mining also provides good incentives and counteracts centralization tendencies.
Another big advantage is the loyal community. That's something not to be underestimated. A loyal community gives feedback, does free advertising and helps with programming the blockchain. However, this community is also very small, which is partly due to the fact that the coin is still very unknown. And this circumstance may also be due to the name.
The name is not necessarily the best figurehead. There have already been polls to change the name, but so far nothing came of it. The developers are simply not interested in the image of the brand.
Trade GRS - GRS Markets, Exchanges, Broker
Behind the name Groestlcoin, which is difficult to pronounce, lies a possibly completely undervalued crypto currency with many advantages over Bitcoin. Similar to Bitcoin, it is a simple coin for transactions over the Internet.
The special feature lies in the mining, the extremely low fees and the anonymous wallet. Behind Groestlcoin is a small, anonymous team and an equally small but dedicated community. Why you should think about buying Groestlcoin, you can read here.
Groestlcoin - What is this crypto currency?
You shouldn't be irritated by the name. Some people think the Groestlcoin is the best kept secret of the crypto world. Now it is not the case that the coin is deliberately kept secret. The developers do hardly any marketing and concentrate on the development. And report regularly and already for years on the newest progress. But what is behind it?
In principle, GRS, the abbreviation for coin, is nothing special in the crypto world. GRS are sent as digital means of payment via a peer-to-peer network, similar to Bitcoin and many others. The blockchain originated from a Bitcoin hard fork in 2014, so it is based on Bitcoin's code.
However, the technologies are remarkable. It was the first blockchain to implement Segregated Witness (SegWit). SegWit divides the transactions into segments, ensuring transaction speed as the blockchain grows. SegWit was introduced later at Bitcoin when Bitcoin threatened to slow down due to its growth.
Another technology first tested at Groestlcoin was the Lightning Network. The Lightning Network is a separate network next to the actual blockchain. Transactions can be redirected to this network to increase their speed and relieve the blockchain. This also reduces the fees. These are among the cheapest of all coins and cost only a fraction of a cent.
Another special feature is its mining algorithm Grøstl-512. Hence the name of the coin. Groestlcoin uses both a proof-of-work and a proof-of-stake algorithm. Proof-of-work mining is ASIC-resistant. This means that it cannot be mined with expensive and powerful hardware that only a few can afford. Especially those that already have a lot of money. This should counteract the centralization trend that is also evident in Bitcoin Mining.
With proof-of-stake, on the other hand, no hardware is required. Users only need to keep a few GRS on their wallet and get the chance to get a few coins as a reward.
As far as the wallet is concerned, Groestlcoin has an incredibly large selection, something for every purpose and taste. For example "Samourai". Samourai supports the anonymous network TOR and helps to encrypt the transactions so that no conclusions can be drawn about the sender and recipient.
Who is behind the crypto currency?
Anonymity is important to the developers. So it should come as no surprise that the team also wants to remain anonymous. The main person in charge is using the pseudonym Gruve_P-Igor. He is supposed to come from the Netherlands. The size of the team varies, up to ten members are responsible for programming, the others for social media and administration.
Advantages and disadvantages
Transactions from GRS are fast, the fees are among the cheapest there are. The network has successfully tested and implemented Bitcoin Segregated Witness and Lightning Network before. This ensures stability and scalability for many years to come.
Finally, it shows that Groestlcoin is a technically excellent coin and that the developers are constantly working to improve it and keep it up to date. Mining also provides good incentives and counteracts centralization tendencies.
Another big advantage is the loyal community. That's something not to be underestimated. A loyal community gives feedback, does free advertising and helps with programming the blockchain. However, this community is also very small, which is partly due to the fact that the coin is still very unknown. And this circumstance may also be due to the name.
The name is not necessarily the best figurehead. There have already been polls to change the name, but so far nothing came of it. The developers are simply not interested in the image of the brand.
Trade GRS - GRS Markets, Exchanges, Broker
Behind the name Groestlcoin, which is difficult to pronounce, lies a possibly completely undervalued crypto currency with many advantages over Bitcoin. Similar to Bitcoin, it is a simple coin for transactions over the Internet.
The special feature lies in the mining, the extremely low fees and the anonymous wallet. Behind Groestlcoin is a small, anonymous team and an equally small but dedicated community. Why you should think about buying Groestlcoin, you can read here.
Groestlcoin - What is this crypto currency?
You shouldn't be irritated by the name. Some people think the Groestlcoin is the best kept secret of the crypto world. Now it is not the case that the coin is deliberately kept secret. The developers do hardly any marketing and concentrate on the development. And report regularly and already for years on the newest progress. But what is behind it?
In principle, GRS, the abbreviation for coin, is nothing special in the crypto world. GRS are sent as digital means of payment via a peer-to-peer network, similar to Bitcoin and many others. The blockchain originated from a Bitcoin hard fork in 2014, so it is based on Bitcoin's code.
However, the technologies are remarkable. It was the first blockchain to implement Segregated Witness (SegWit). SegWit divides the transactions into segments, ensuring transaction speed as the blockchain grows. SegWit was introduced later at Bitcoin when Bitcoin threatened to slow down due to its growth.
Another technology first tested at Groestlcoin was the Lightning Network. The Lightning Network is a separate network next to the actual blockchain. Transactions can be redirected to this network to increase their speed and relieve the blockchain. This also reduces the fees. These are among the cheapest of all coins and cost only a fraction of a cent.
Another special feature is its mining algorithm Grøstl-512. Hence the name of the coin. Groestlcoin uses both a proof-of-work and a proof-of-stake algorithm. Proof-of-work mining is ASIC-resistant. This means that it cannot be mined with expensive and powerful hardware that only a few can afford. Especially those that already have a lot of money. This should counteract the centralization trend that is also evident in Bitcoin Mining.
With proof-of-stake, on the other hand, no hardware is required. Users only need to keep a few GRS on their wallet and get the chance to get a few coins as a reward.
As far as the wallet is concerned, Groestlcoin has an incredibly large selection, something for every purpose and taste. For example "Samourai". Samourai supports the anonymous network TOR and helps to encrypt the transactions so that no conclusions can be drawn about the sender and recipient.
Who is behind the crypto currency?
Anonymity is important to the developers. So it should come as no surprise that the team also wants to remain anonymous. The main person in charge is using the pseudonym Gruve_P-Igor. He is supposed to come from the Netherlands. The size of the team varies, up to ten members are responsible for programming, the others for social media and administration.
Advantages and disadvantages
Transactions from GRS are fast, the fees are among the cheapest there are. The network has successfully tested and implemented Bitcoin Segregated Witness and Lightning Network before. This ensures stability and scalability for many years to come.
Finally, it shows that Groestlcoin is a technically excellent coin and that the developers are constantly working to improve it and keep it up to date. Mining also provides good incentives and counteracts centralization tendencies.
Another big advantage is the loyal community. That's something not to be underestimated. A loyal community gives feedback, does free advertising and helps with programming the blockchain. However, this community is also very small, which is partly due to the fact that the coin is still very unknown. And this circumstance may also be due to the name.
The name is not necessarily the best figurehead. There have already been polls to change the name, but so far nothing came of it. The developers are simply not interested in the image of the brand.
Trade GRS - GRS Markets, Exchanges, Broker
Behind the name Groestlcoin, which is difficult to pronounce, lies a possibly completely undervalued crypto currency with many advantages over Bitcoin. Similar to Bitcoin, it is a simple coin for transactions over the Internet.
The special feature lies in the mining, the extremely low fees and the anonymous wallet. Behind Groestlcoin is a small, anonymous team and an equally small but dedicated community. Why you should think about buying Groestlcoin, you can read here.
Groestlcoin - What is this crypto currency?
You shouldn't be irritated by the name. Some people think the Groestlcoin is the best kept secret of the crypto world. Now it is not the case that the coin is deliberately kept secret. The developers do hardly any marketing and concentrate on the development. And report regularly and already for years on the newest progress. But what is behind it?
In principle, GRS, the abbreviation for coin, is nothing special in the crypto world. GRS are sent as digital means of payment via a peer-to-peer network, similar to Bitcoin and many others. The blockchain originated from a Bitcoin hard fork in 2014, so it is based on Bitcoin's code.
However, the technologies are remarkable. It was the first blockchain to implement Segregated Witness (SegWit). SegWit divides the transactions into segments, ensuring transaction speed as the blockchain grows. SegWit was introduced later at Bitcoin when Bitcoin threatened to slow down due to its growth.
Another technology first tested at Groestlcoin was the Lightning Network. The Lightning Network is a separate network next to the actual blockchain. Transactions can be redirected to this network to increase their speed and relieve the blockchain. This also reduces the fees. These are among the cheapest of all coins and cost only a fraction of a cent.
Another special feature is its mining algorithm Grøstl-512. Hence the name of the coin. Groestlcoin uses both a proof-of-work and a proof-of-stake algorithm. Proof-of-work mining is ASIC-resistant. This means that it cannot be mined with expensive and powerful hardware that only a few can afford. Especially those that already have a lot of money. This should counteract the centralization trend that is also evident in Bitcoin Mining.
With proof-of-stake, on the other hand, no hardware is required. Users only need to keep a few GRS on their wallet and get the chance to get a few coins as a reward.
As far as the wallet is concerned, Groestlcoin has an incredibly large selection, something for every purpose and taste. For example "Samourai". Samourai supports the anonymous network TOR and helps to encrypt the transactions so that no conclusions can be drawn about the sender and recipient.
Who is behind the crypto currency?
Anonymity is important to the developers. So it should come as no surprise that the team also wants to remain anonymous. The main person in charge is using the pseudonym Gruve_P-Igor. He is supposed to come from the Netherlands. The size of the team varies, up to ten members are responsible for programming, the others for social media and administration.
Advantages and disadvantages
Transactions from GRS are fast, the fees are among the cheapest there are. The network has successfully tested and implemented Bitcoin Segregated Witness and Lightning Network before. This ensures stability and scalability for many years to come.
Finally, it shows that Groestlcoin is a technically excellent coin and that the developers are constantly working to improve it and keep it up to date. Mining also provides good incentives and counteracts centralization tendencies.
Another big advantage is the loyal community. That's something not to be underestimated. A loyal community gives feedback, does free advertising and helps with programming the blockchain. However, this community is also very small, which is partly due to the fact that the coin is still very unknown. And this circumstance may also be due to the name.
The name is not necessarily the best figurehead. There have already been polls to change the name, but so far nothing came of it. The developers are simply not interested in the image of the brand.
Trade GRS - GRS Markets, Exchanges, Broker
Behind the name Groestlcoin, which is difficult to pronounce, lies a possibly completely undervalued crypto currency with many advantages over Bitcoin. Similar to Bitcoin, it is a simple coin for transactions over the Internet.
The special feature lies in the mining, the extremely low fees and the anonymous wallet. Behind Groestlcoin is a small, anonymous team and an equally small but dedicated community. Why you should think about buying Groestlcoin, you can read here.
Groestlcoin - What is this crypto currency?
You shouldn't be irritated by the name. Some people think the Groestlcoin is the best kept secret of the crypto world. Now it is not the case that the coin is deliberately kept secret. The developers do hardly any marketing and concentrate on the development. And report regularly and already for years on the newest progress. But what is behind it?
In principle, GRS, the abbreviation for coin, is nothing special in the crypto world. GRS are sent as digital means of payment via a peer-to-peer network, similar to Bitcoin and many others. The blockchain originated from a Bitcoin hard fork in 2014, so it is based on Bitcoin's code.
However, the technologies are remarkable. It was the first blockchain to implement Segregated Witness (SegWit). SegWit divides the transactions into segments, ensuring transaction speed as the blockchain grows. SegWit was introduced later at Bitcoin when Bitcoin threatened to slow down due to its growth.
Another technology first tested at Groestlcoin was the Lightning Network. The Lightning Network is a separate network next to the actual blockchain. Transactions can be redirected to this network to increase their speed and relieve the blockchain. This also reduces the fees. These are among the cheapest of all coins and cost only a fraction of a cent.
Another special feature is its mining algorithm Grøstl-512. Hence the name of the coin. Groestlcoin uses both a proof-of-work and a proof-of-stake algorithm. Proof-of-work mining is ASIC-resistant. This means that it cannot be mined with expensive and powerful hardware that only a few can afford. Especially those that already have a lot of money. This should counteract the centralization trend that is also evident in Bitcoin Mining.
With proof-of-stake, on the other hand, no hardware is required. Users only need to keep a few GRS on their wallet and get the chance to get a few coins as a reward.
As far as the wallet is concerned, Groestlcoin has an incredibly large selection, something for every purpose and taste. For example "Samourai". Samourai supports the anonymous network TOR and helps to encrypt the transactions so that no conclusions can be drawn about the sender and recipient.
Who is behind the crypto currency?
Anonymity is important to the developers. So it should come as no surprise that the team also wants to remain anonymous. The main person in charge is using the pseudonym Gruve_P-Igor. He is supposed to come from the Netherlands. The size of the team varies, up to ten members are responsible for programming, the others for social media and administration.
Advantages and disadvantages
Transactions from GRS are fast, the fees are among the cheapest there are. The network has successfully tested and implemented Bitcoin Segregated Witness and Lightning Network before. This ensures stability and scalability for many years to come.
Finally, it shows that Groestlcoin is a technically excellent coin and that the developers are constantly working to improve it and keep it up to date. Mining also provides good incentives and counteracts centralization tendencies.
Another big advantage is the loyal community. That's something not to be underestimated. A loyal community gives feedback, does free advertising and helps with programming the blockchain. However, this community is also very small, which is partly due to the fact that the coin is still very unknown. And this circumstance may also be due to the name.
The name is not necessarily the best figurehead. There have already been polls to change the name, but so far nothing came of it. The developers are simply not interested in the image of the brand.
Trade GRS - GRS Markets, Exchanges, Broker
Behind the name Groestlcoin, which is difficult to pronounce, lies a possibly completely undervalued crypto currency with many advantages over Bitcoin. Similar to Bitcoin, it is a simple coin for transactions over the Internet.
The special feature lies in the mining, the extremely low fees and the anonymous wallet. Behind Groestlcoin is a small, anonymous team and an equally small but dedicated community. Why you should think about buying Groestlcoin, you can read here.
Groestlcoin - What is this crypto currency?
You shouldn't be irritated by the name. Some people think the Groestlcoin is the best kept secret of the crypto world. Now it is not the case that the coin is deliberately kept secret. The developers do hardly any marketing and concentrate on the development. And report regularly and already for years on the newest progress. But what is behind it?
In principle, GRS, the abbreviation for coin, is nothing special in the crypto world. GRS are sent as digital means of payment via a peer-to-peer network, similar to Bitcoin and many others. The blockchain originated from a Bitcoin hard fork in 2014, so it is based on Bitcoin's code.
However, the technologies are remarkable. It was the first blockchain to implement Segregated Witness (SegWit). SegWit divides the transactions into segments, ensuring transaction speed as the blockchain grows. SegWit was introduced later at Bitcoin when Bitcoin threatened to slow down due to its growth.
Another technology first tested at Groestlcoin was the Lightning Network. The Lightning Network is a separate network next to the actual blockchain. Transactions can be redirected to this network to increase their speed and relieve the blockchain. This also reduces the fees. These are among the cheapest of all coins and cost only a fraction of a cent.
Another special feature is its mining algorithm Grøstl-512. Hence the name of the coin. Groestlcoin uses both a proof-of-work and a proof-of-stake algorithm. Proof-of-work mining is ASIC-resistant. This means that it cannot be mined with expensive and powerful hardware that only a few can afford. Especially those that already have a lot of money. This should counteract the centralization trend that is also evident in Bitcoin Mining.
With proof-of-stake, on the other hand, no hardware is required. Users only need to keep a few GRS on their wallet and get the chance to get a few coins as a reward.
As far as the wallet is concerned, Groestlcoin has an incredibly large selection, something for every purpose and taste. For example "Samourai". Samourai supports the anonymous network TOR and helps to encrypt the transactions so that no conclusions can be drawn about the sender and recipient.
Who is behind the crypto currency?
Anonymity is important to the developers. So it should come as no surprise that the team also wants to remain anonymous. The main person in charge is using the pseudonym Gruve_P-Igor. He is supposed to come from the Netherlands. The size of the team varies, up to ten members are responsible for programming, the others for social media and administration.
Advantages and disadvantages
Transactions from GRS are fast, the fees are among the cheapest there are. The network has successfully tested and implemented Bitcoin Segregated Witness and Lightning Network before. This ensures stability and scalability for many years to come.
Finally, it shows that Groestlcoin is a technically excellent coin and that the developers are constantly working to improve it and keep it up to date. Mining also provides good incentives and counteracts centralization tendencies.
Another big advantage is the loyal community. That's something not to be underestimated. A loyal community gives feedback, does free advertising and helps with programming the blockchain. However, this community is also very small, which is partly due to the fact that the coin is still very unknown. And this circumstance may also be due to the name.
The name is not necessarily the best figurehead. There have already been polls to change the name, but so far nothing came of it. The developers are simply not interested in the image of the brand.
