Rank #1146
grs Groestlcoin
$ 0.3032
0.054441 BTC
444 satoshies
Market Cap
26,74 MLN. $
24 Hour Trading Vol
708,012.0942 $
Circulating Supply
88,19 MLN.
Total Supply
88,21 MLN.
Max Supply
105,00 MLN.
Fully Diluted Valuation
27,23 MLN. $
Low
Range
High
Info
1h
24h
7d
1m
1y
max
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Groestlcoin Price Statistics
0.3032 $
0.3016 $ / 0.3217 $
708,012.0942 $
#1146
26,74 MLN. $
2.74 $
-88.93%
09 April, 2021, (4 years ago)
0.00007701 $
393,651.46%
28 November, 2014, (11 years ago)
Groestlcoin Top Markets
#
Exchange
Pair
Price
24h Volume
Volume
Trust Score
Groestlcoin Performance
Trading Pair
day
week
month
grs
/
usd
-1.8%
-2.13%
-6.53%
grs
/
btc
-1.8%
-2.13%
-6.53%
grs
/
eth
-1.8%
-2.13%
-6.53%
About Coin
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.
Where is Groestlcoin available for purchase?
You can exchange GRS tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Groestlcoin is Upbit, notably the GRS/KRW pair, which saw a trading volume of $ 473,939 in the past day. Additionally, Bithumb and CoinEx are popular alternatives for trading tokens.
What is the highest value Groestlcoin (GRS) has ever reached?
Groestlcoin (GRS) reached its peak price at 2.74 $ on 09 April 2021, approximately 4 years ago ago. Presently, the current price is -88.93% lower than this all-time high.
What is the historical minimum price for Groestlcoin (GRS)?
The minimum price reached for Groestlcoin (GRS) was 0.00007701 $, documented on 28 November 2014, more than 11 years ago. In comparison, the current price is 393,651.46%, it above this historical low.
What is the fully diluted valuation of Groestlcoin (GRS)?
The fully diluted valuation (FDV) of Groestlcoin (GRS) stands at $ 27,23 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 105,000,000 GRS tokens. The realization of this FDV might take several years depending on the emission schedule of GRS tokens.
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