Groestlcoin Price (GRS)

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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.

What is the current price of Groestlcoin?

The live price of Groestlcoin (GRS) is $0.01082884 USD. This real-time valuation is updated continuously and aggregates pricing from major global exchanges to ensure you see an accurate market rate.

How is Groestlcoin positioned in the market?

Groestlcoin currently sits at market rank #2976, supported by a market capitalization of $969158. This ranking is influenced by liquidity depth, overall investor demand, and the circulating token supply.

What is the circulating supply of GRS?

The circulating supply of GRS is 89497868.88736624 tokens, representing the amount available in the open market. This number plays an important role in determining market valuation, scarcity, and long-term inflation dynamics.

What is the 24-hour price range of Groestlcoin?

During the last 24 hours, Groestlcoin traded within a range of $0.00793648 (24-hour low) and $0.01082884 (24-hour high). This volatility range helps traders understand short-term momentum and market unpredictability.

How far is Groestlcoin from its All-Time High and All-Time Low?

Groestlcoin reached an all-time high of $2.74, while the lowest recorded price (ATL) is $0.00007701. These historical benchmarks allow traders to evaluate long-term price potential and cycles.

How active is GRS trading today?

Trading volume over the past 24 hours is $--, reflecting current market participation. Higher volume often indicates stronger investor interest and deeper market liquidity.

What influences the recent trend direction for Groestlcoin?

The current price movement of 0.0% over the last 24 hours is shaped by market sentiment, trading activity, macroeconomic factors, and ecosystem-specific updates related to Smart Contract Platform,Proof of Work (PoW). Sudden increases in volume can also act as catalysts for sharp price movements.