Groestlcoin (GRS) Graphics
Groestlcoin (GRS) is a decentralized, open-source cryptocurrency that prioritizes security, privacy, and technical innovation. Its core mission is to provide a fast, secure, and future-proof digital currency that is resistant to ASIC mining centralization and offers enhanced privacy features for users. As one of the first cryptocurrencies to implement key technologies like the Groestl hashing algorithm, SegWit, and the Lightning Network, Groestlcoin has positioned itself as a project focused on continuous technological improvement and long-term viability.
📊 Groestlcoin (GRS) Quick Facts
| Feature | Details |
| Token Name | Groestlcoin (GRS) |
| Blockchain | Groestlcoin (Independent Layer 1) |
| Category | Cryptocurrency, Privacy, Payment, Utility |
| Circulating Supply | Approximately 85 Million GRS (as of August 6, 2025 – this is dynamic and should be verified from current, reliable sources like CoinMarketCap or CoinGecko) |
| Total Supply | 105 Million GRS |
| Max Supply | 105 Million GRS |
| Consensus Mechanism | Proof-of-Work (PoW) |
| Use Cases | Payments, microtransactions, and decentralized value transfer. |
| Official Website | groestlcoin.org (Always verify the official website from trusted crypto data aggregators to avoid unofficial or scam sites.) |
🔍 What is Groestlcoin?
Many early cryptocurrencies faced challenges with centralization and slow transaction speeds. Groestlcoin was created to address these issues by focusing on several key technical advancements:
- Groestl Hashing Algorithm: Groestlcoin was the first cryptocurrency to use the Groestl hashing algorithm, which is highly efficient and resistant to specialized ASIC mining hardware. This keeps mining decentralized and accessible to anyone with a standard CPU or GPU, preventing large-scale mining pools from dominating the network.
- SegWit (Segregated Witness): Groestlcoin was an early adopter of SegWit, a protocol upgrade that increases block capacity, reduces transaction fees, and improves transaction speed. This was a crucial step in making the network more scalable for widespread use.
- Lightning Network Integration: Groestlcoin has successfully implemented the Lightning Network, a Layer 2 solution that enables instant, low-cost microtransactions. This makes GRS a viable option for everyday payments and small purchases, a key feature for a true digital currency.
- Enhanced Privacy: Groestlcoin supports optional privacy features like the Groestl-512 Hashing Algorithm, which helps obscure transaction details. It has also explored Confidential Transactions, allowing for even greater privacy.
- No Premine: Groestlcoin had no premine or initial coin offering (ICO), ensuring a fair launch where all coins were generated through mining.
The GRS token is the native cryptocurrency of the Groestlcoin network, used to secure the network and facilitate all transactions.
✨ Key Features and Ecosystem Components
Groestlcoin, powered by the GRS token, offers several key features:
- ASIC-Resistance: The Groestl PoW algorithm keeps mining decentralized and accessible.
- Fast and Low-Cost Transactions: SegWit and the Lightning Network enable quick and cheap transactions.
- Enhanced Privacy: Provides optional privacy features for users who want greater anonymity.
- Community-Driven: Governed by a dedicated and passionate community, with no central company or CEO.
- Fixed Max Supply: The total supply is capped at 105 million GRS, making it a scarce asset.
- Multi-Platform Wallets: Supports a wide range of official and third-party wallets for desktop, mobile, and hardware devices.
📈 GRS Tokenomics
The GRS token is the native currency of the Groestlcoin blockchain. Its tokenomics are designed to create a scarce, decentralized, and secure network:
- Mining Rewards: GRS tokens are minted as rewards for miners who successfully validate blocks and secure the network. The mining reward halves over time, creating a deflationary effect and encouraging early participation.
- Transaction Fees: A small fee is charged for every transaction on the Groestlcoin network, which is paid in GRS. These fees are collected by miners, providing an additional incentive to secure the network.
- Fixed Supply: The total supply of GRS is capped at 105 million tokens. This provides a clear supply schedule and potential for long-term value appreciation as adoption grows.
- No Inflation: Once the maximum supply is reached, there will be no new GRS tokens minted, making it a truly scarce digital asset.
🚀 Use Cases & Applications
- Everyday Payments: Use of the Lightning Network makes GRS suitable for fast, low-cost microtransactions at merchants.
- Secure Value Transfer: A reliable and secure cryptocurrency for sending value globally without intermediaries.
- Decentralized Mining: Provides an opportunity for anyone with a standard computer to participate in securing the network.
- Enhanced Privacy: Used by those who want to send transactions with a higher degree of anonymity.
✅ Pros and ❌ Cons
Pros
- ASIC-Resistance: Keeps mining decentralized and accessible to the public.
- Technological Innovation: Early adoption of SegWit and Lightning Network demonstrates a commitment to technical advancement.
- Fixed & Low Supply: A capped supply of 105 million tokens makes it a scarce asset.
- Privacy Focus: Offers optional privacy features for users.
- Community-Driven: A passionate community governs the project’s direction.
Cons
- Competition: Faces strong competition from established cryptocurrencies like Bitcoin and Litecoin.
- Market Adoption: Has a smaller market capitalization and less brand recognition compared to major coins, which can impact liquidity and merchant adoption.
- Development Pace: As a community-run project, the development pace can be slower compared to projects with dedicated corporate backing.
- Price Volatility: The value of GRS, like other cryptocurrencies, is subject to significant market fluctuations.
🛒 How to Buy & Store GRS
- Select an Exchange: Groestlcoin (GRS) is available on several centralized exchanges (CEXs) such as Bithumb, Upbit, and others. It may also be available on some smaller exchanges.
- Set Up an Account: If using a CEX, register and complete the KYC (Know Your Customer) verification process.
- Deposit Funds: Deposit fiat currency (USD, EUR, etc.) or other cryptocurrencies (like BTC or USDT) into your exchange account.
- Purchase GRS: Navigate to the trading pair for GRS (e.g., GRS/BTC or GRS/USDT) and place a buy order.
- Secure Storage: For long-term security, it’s highly recommended to withdraw your GRS tokens from the exchange and store them in a secure non-custodial wallet that supports Groestlcoin.
- Official Wallets: Groestlcoin offers its own official wallets for desktop, mobile, and even hardware wallets.
- Hardware Wallets: Ledger and Trezor offer the highest level of security for storing GRS tokens.
🔮 Future Roadmap
Groestlcoin’s roadmap is focused on continued technical enhancements and community growth:
- Further Privacy Enhancements: Researching and implementing new privacy technologies to make transactions more anonymous.
- Wallet and UI/UX Improvements: Continuously improving the user experience of its official wallets.
- Community and Merchant Adoption: Encouraging more businesses and users to accept and use GRS for payments.
- Technical Upgrades: Exploring new protocol upgrades to maintain its position as a technically advanced cryptocurrency.
🏁 Conclusion
Groestlcoin (GRS) is a compelling cryptocurrency that has consistently prioritized technological innovation, security, and decentralization. By implementing features like ASIC-resistance, SegWit, and the Lightning Network, it has established itself as a fast, secure, and privacy-focused digital currency. While it faces stiff competition, its commitment to community governance and a fair launch sets it apart. The GRS token is the central component of this network, powering transactions and rewarding participants who contribute to its long-term viability. For those interested in a cryptocurrency with a strong technical foundation and a focus on decentralization, Groestlcoin offers a notable alternative.
About Groestlcoin (GRS)
| Contract | |
| Website | groestlcoin.com |
| Explorers | Etherscan |
| Community | |
| API idd | groestlcoin |
Groestlcoin (GRS) USDC (1 GRS) To USD//Coin) Exchange Calculator
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