Project Overview
This is a proof-of-work cryptocurrency, or POW for short. It is unlikely that a Groestl miner will be developed any time soon. But it may be possible in the future. Through these functions the GroestlCoin cryptocurrency embodies the nature of impartial distribution and decentralization. Anyone can efficiently mine this coin with minimal resource consumption and no hassle. With the influx of asic we thought decentralized mining would soon be dead, GroestlCoin is reborn, taking it to another level.
Groestl's added value is that "rich edge" (having several GPUs) is less fun. So Groestl; is more fair. Representing currency democratization and mining, the ability to instantly send and receive money anywhere in the world without paying expensive banking fees in a secure and anonymous environment. Through an innovative algorithm, the Groestlcoin network consumes less energy, maintains stronger security, and rewards miners in a more sustainable way than sha256, scrypt, x11 and *13 based coins.
Grostl will be the home of the new green GPU miners as it provides larger hash results with less energy and heat. We work hard to democratize groestlcoin. Innovative and user-friendly, accessible to everyone. We place a high value on integrity and transparency. Electronic money is the future, and Groestlcoin will be one of the leaders of this revolution.
Project Highlights
Groestl Coin is a fast and secure coin with almost zero fees, which is privacy oriented. Major developments are released every 3 months. Gloucester Coin is the first coin to launch SEGWIT and is Lightning Network ready. Cryptocurrencies operate as open-source software on a peer-to-peer model (transactions happen directly between payers and payees). This means there is no need for a trusted intermediary such as a bank or PayPal to verify sender and receiver details. Instead, transactions are verified by nodes (a network of computers/users distributed globally) and recorded in an open ledger called the blockchain.
The main idea behind the creation of Groestl Coin is to build a model of electronic payments based purely on mathematical proofs. It is a system that is independent of the influence of the central authority, a money transfer that can be done electronically with very small fees. Grestluce coins are rewarded by miners for confirming transactions. The founders pointed out that there were only 105 million Grestrooms (GRS) when all the coins were mined.
Application Scenarios
ASIC Resistant - A GPU miner's paradise to make this coin's mining distribution fairer and more even to help prevent coin concentration.
Groestl coin uses 2 rounds of pure Gr stl-512 mining algorithm and no ASIC has ever been created for it. Baikal ASIC implements Myriad-Groestl but is not compatible with Groestl coin. Private Transactions - You can send GRS anonymously. Samourai Wallet prides itself on its anonymity and security as it allows private addresses with TOR and VPN support, as well as onboard AES-256 encryption. Multi-Pool Resistance - Basically makes it much less likely for a fork to get stuck in a coin, creating all sorts of anomalies and problems. Solve the multi-pool problem and make the distribution fairer by proving work among smaller pools and miners.
Highly profitable for all miners. You can mine GRS without specialized hardware and still make a profit, which makes GROESTL coin truly people's money! Energy saving. GROESTL coin is really economical mining thanks to GPU mining, GRS algorithm, if you live in a hot country, this is the coin to mine because electricity costs are much lower.
