Groestlcoin (GRS)

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Groestlcoin (GRS) is a very popular platform, it makes sense to find out more about it. The coin began operating in 2014 and has undergone many developments.

Joke Name

Groestlcoin = Port n polish

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (GRS)

Coin or Token

Circulating Supply (70 Million)

Total Supply (105 Million)

Market Cap Ranking

Review

Groestlcoin (GRS) is a very popular platform, it makes sense to find out more about it. The coin began operating in 2014 and has undergone many developments. It was the first to make use of Groestl-512 mining algorithm and so it is ASIC resistant. Groestlcoin (GRS) was also the first coin to activate SEGWIT.

Key Features

  • First to activate SEGWIT
  • Continuous development
  • Different wallets

First to activate SEGWIT

Groestlcoin (GRS) is special because it was the first coin to activate SEGWIT in January of 2017. The nice thing about using this coin is its zero fee transactions and ability to make instant payments. It is also scalable and has very low fees. In fact, if you wanted to transfer 10, 000 GRS then you would only be charged 0.000045 GRS. Even better, this is the only coin that you can send over SMS.

Continuous development

Another thing that sets Groestlcoin (GRS) apart is its continuous development and every three months new features and updates are provided. Groestlcoin (GRS) is also the only coin to have ported Bitcoin Armory successfully and in addition, it is also the only coin having 120 Electrum public servers. Of these, about forty are TOR servers. It is also among the few coins having Ubuntu PPA and is officially maintained by the Bitcoin Debian packaging team.

Different wallets

Groestlcoin (GRS) is also the only coin to have ten different wallets for the desktop. It has also earned the distinction of being the only coin to have ported Smaourai and it is also the only one to successfully implement BIP147. Best of all you can work with different payment channels. Another thing that sets it apart is it is the only coin to have ported Electrum client to Java and in addition, it has also ported Rushwallet.com.

The Groestlcoin (GRS) community has impressed everyone and is the strength behind this coin. Groestl is the name of an algorithm that was submitted to the NIST competition way back in 2007. The name is an amalgamation of an Austrian food dish that is commonly referred to as Hash.

Conclusion

The nice thing about this coin is it does not have too many things that you won’t like about it. In fact, the pros of this coin are far more than the cons and it represents an ideal marriage between technology and community.

The tech behind this coin is widely respected by everyone and it measures up well against its peers.

Pros

  • Different wallets
  • Technology

Cons

  • No backing (asset, profits, commodity)