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Groestlcoin (GRS) is a proof of work cryptocurrency launched in 2014, engineered for everyday transactions with a block time of one minute and a total supply cap of 105 million coins. Utilizing the Groestl algorithm, it stands out by allowing secure, peer-to-peer transactions without intermediaries. Its design supports mining by individuals with less computing power, though specialized ASICs exist. Groestlcoin incorporates features like Segregated Witness (SegWit) and the Lightning Network to enhance transaction speed and efficiency. Currently, Groestlcoin has a circulating supply of about 85.5 million GRS and trades at approximately $0.356, with active trading across 30 markets and a daily volume of $2.6 million. It leverages shorter block times for faster merchant payments, and its open-source software ensures transaction transparency and security.
Groestlcoin (GRS) is a proof of work cryptocurrency launched in 2014, engineered for everyday transactions with a block time of one minute and a total supply cap of 105 million coins. Utilizing the Groestl algorithm, it stands out by allowing secure, peer-to-peer transactions without intermediaries. Its design supports mining by individuals with less computing power, though specialized ASICs exist. Groestlcoin incorporates features like Segregated Witness (SegWit) and the Lightning Network to enhance transaction speed and efficiency. Currently, Groestlcoin has a circulating supply of about 85.5 million GRS and trades at approximately $0.356, with active trading across 30 markets and a daily volume of $2.6 million. It leverages shorter block times for faster merchant payments, and its open-source software ensures transaction transparency and security.
Groestlcoin (GRS) is a proof of work cryptocurrency created in 2014, designed for everyday transactions. With a fast average block time of one minute and a larger maximum supply of 105 million coins, Groestlcoin is tailored for practical, day-to-day payments.
Groestlcoin utilizes the Groestl algorithm, ensuring secure peer-to-peer transactions without intermediaries. It supports features like Segregated Witness (SegWit) and the Lightning Network to enhance transaction speed and efficiency, making it suitable for regular use.
Compared to Bitcoin, Groestlcoin offers faster transaction confirmations due to its one-minute block time, compared to Bitcoin's ten-minute blocks. This design allows for more practical daily use, while also enabling those with less computing power to mine, despite the existence of ASICs.
Groestlcoin is relevant because it focuses on enhancing transaction speeds and scalability, crucial for cryptocurrencies as payment solutions. Its adoption of innovative features originally from Bitcoin, like SegWit and the Lightning Network, highlights its commitment to efficiency.
Groestlcoin's design reduces hashrate intensity, enabling individuals with less computing power to participate in mining. This makes it more accessible to casual miners, though specialized ASICs for Groestlcoin are available at higher costs.
If you're facing transaction issues with Groestlcoin, ensure your wallet software is up-to-date with the latest features and security patches. Verify there's adequate network connectivity and check the Groestlcoin network status. For further assistance, consult the Groestlcoin community or support resources.
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