What Is Groestlcoin?
Groestlcoin is a proof of work cryptocurrency created in 2014. Designed for everyday use, 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 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.
Groestlcoin Launched on 22 March 2014 with a focus on technological advancement, Groestlcoin (GRS) is SEGWIT, TAPROOT and Lightning Network ready! This is a fast and secure coin with almost ZERO fees Major development release every 3 months!
Groestlcoin Storage Key Points
|Circulating Supply||78,113,733.89 GRS|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
How does it work?
Groestlcoin Coin 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.
First to activate Segwit & Taproot First with Lightning Network & Taproot transaction
1. Multi-platform Wallets – Groestlcoin has wallets for every platform: Android | iOS | Windows | macOS | Linux | ChromeOS | Web. Having a mobile wallet since 2014, Groestlcoin is more than ready for day-to-day payments.
2. SubAtomic fees. Send GRS with almost ZERO fees! Sending 10,000 GRS it will only cost you between 0.000045 and 0.00019 GRS ($0.00007 – $0.0003), depending on the wallet you use. Core wallet has the cheapest transaction fees.
3. Extremely interested and growing community that is backing the coin for its proven innovation and contributions to the Technological Advancement of Crypto Currency.
4. Active DEVELOPMENT Team – Hardworking to ensure the smooth running of Groestlcoin. There are major development releases every 3 months!
- • Detail section to validate private keys and to view corresponding segwit address, public key and redeem script.
- • Segwit brain wallet
- • Testnet support
- • Groestlcoin Sentinel can sweep funds from private keys and QR codes generated with https://www.groestlcoin.org/bech32paper.html
- • Groestlcoin Sentinel Testnet can sweep funds from private keys and QR codes generated with https://www.groestlcoin.org/bech32paper.html?testnet=true
- • Electrum-GRS can import private keys using the console and the importprivkey() command. Import as native(bech32) segwit: importprivkey(‘p2wpkh:KzTLBvC6mNudLBjEmwYCuk3jrZ7sZS8CzFDzcrwnDM2CVpH8vNAn’)
- • Electrum-GRS Testnet can import private keys using the console and the importprivkey() command. Import as native(bech32) segwit: importprivkey(‘p2wpkh:cNNDi1AT8XNng2wJ5HNFN41toufU9XZ2bW8MGi7c9SGw4hnMuASk’)
- • Keypair generation with QR Codes
- • Bulk address generator
- • Key Sweeping Tool to move all funds belonging to a single SegWit private key.
Groestlcoin roestlcoin p2sh paperwallet A simple groestlcoin paper wallet generator that utilizes Segregated Witness (SegWit) Pay To Witness Public Key Hash (P2WPKH) addresses and transactions. P2sh supports creating p2sh paperwallet in bulk, keypair generation with QR codes and sweeping tool. They believes strongly in privacy, the live version does not collect and store IP or transaction data.
Strong encryption and custody-free solution guarantees the clients the highest level of security.
Your private keys are encrypted and never leave your device. Only you have control over your funds.
Atomic Swap Exchange
Groestlcoin Coin Use decentralized Atomic Swap to proceed with cross-chain exchange avoiding third party risks. For coins not yet supported by Atomic Swap, they have built-in ShapeShift, Change now and Changelly exchanges.
Atomic Wallet currently supports 500+ coins and tokens. It’s the most convenient way to handle all your crypto assets. The list is updated on a daily basis and they keep hunting for more!