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?

Groestlcoin (GRS) is trading at ₱11.02098994699058496000, reflecting a price movement of 14.95% over the last 24 hours. This live data aggregates pricing from global exchanges to give traders an accurate market valuation at any moment.

What role does Groestlcoin play in its ecosystem?

As a core asset within the -- network and a part of the Smart Contract Platform,Proof of Work (PoW) sector, GRS often powers essential functions such as payments, staking, governance voting, and liquidity incentives. Its design can influence how applications or smart contracts operate across its ecosystem.

How actively is GRS being traded today?

Over the last 24 hours, GRS recorded ₱-- in trading volume. High volume typically signals strong investor interest, healthier liquidity, and better execution for both small and large traders.

What is the circulating supply of Groestlcoin?

There are 89068713.88736624 tokens in circulation today, which determines the amount accessible for trading. Circulating supply helps investors estimate scarcity, inflation dynamics, and potential long-term token distribution.

What is the market cap and rank of GRS?

Groestlcoin currently holds market rank #1216 with a market capitalization of ₱971801157.79020199296000, placing it among recognized assets within its sector and helping investors measure its relative scale.

How has Groestlcoin performed in the last 24 hours?

Its price has shown a price movement of 14.95% over the last 24 hours. Short-term movement can be influenced by trading sentiment, liquidity shifts, or developments related to the -- network.

How does Groestlcoin compare to similar assets in the same category?

Within the Smart Contract Platform,Proof of Work (PoW) segment, GRS demonstrates competitive activity supported by strong trading levels, high liquidity, and its ongoing use cases within its ecosystem.