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Rank #599
Groestlcoin Price (GRS)
Groestlcoin (GRS)
$0.334324 -10.3%
0.00001534 BTC -3.8%
3,813 people like this
$0.336618
24H Range
$0.378809
Market Cap $27,164,215
24 Hour Trading Vol $1,716,952
Circulating Supply 80,708,528
Total Supply 105,000,000
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Groestlcoin Price Chart (GRS/USD)

Last updated 08:34AM UTC. Currency in USD.

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1h
24h
7d
14d
30d
1y
-3.0%
-10.3%
-16.1%
-9.8%
-7.1%
-59.7%

Convert GRS to USD

GRS
USD
USD

1 GRS = $0.334324

GRS Price Statistics

Groestlcoin Price Today
Groestlcoin Price $0.336572
24h Low / 24h High $0.339539 / $0.378809
7d Low / 7d High $0.343967 / $0.410606
Trading Volume $1,716,079
Market Cap Rank #599
Market Cap $27,164,215
Market Cap Dominance 0.002%
Volume / Market Cap 0.0632
All-Time High $2.74 -87.6%
Apr 09, 2021 (over 1 year)
All-Time Low $0.000077006692 440737.6%
Nov 28, 2014 (over 7 years)

GRS Price Today

Groestlcoin price today is $0.334324 with a 24-hour trading volume of $1,716,952. GRS price is down -10.3% in the last 24 hours. It has a circulating supply of 81 Million GRS coins and a total supply of 105 Million. If you are looking to buy or sell Groestlcoin, Upbit is currently the most active exchange.

What was the highest price for Groestlcoin?

Groestlcoin hit an all time high of $2.74 on Apr 09, 2021 (over 1 year).

What was the lowest price for Groestlcoin?

Groestlcoin had an all time low of $0.000077006692 on Nov 28, 2014 (over 7 years).

What was the 24 hour trading volume of Groestlcoin?

The 24 hour trading volume of Groestlcoin is $1,716,952.

Where can Groestlcoin be traded?

You can trade Groestlcoin on Upbit, CoinEx, and Bittrex. Popular trading pairs for Groestlcoin in the market includes GRS/USD, GRS/CAD, GRS/EUR, GRS/PHP, GRS/INR, and GRS/IDR.

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.

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