$ 0.175 -1.69%

Groestlcoin (GRS) Rank 487

Market Cap $13.33 M
Volume 24H 446418 GRS
Open 24H $0.178
Low/High $0.174 - $0.183
Compare to

It is a cryptocurrency utilizing Proof of Work – No ASIC currently exists for Groestl & it is unlikely that one will be developed for it anytime soon. GroestlCoin will be ASIC-free for the foreseeable future.

- Through these features GroestlCoin embodies the fairly distributed & decentralized nature of Cryptocurrency. Anyone can mine effectively, with minimal resource consumption and nuisance. – With the influx of ASICs we thought decentralized mining will soon be dead, with GroestlCoin it is reborn and taken to another level.

- The extra added value of Groestl is that the “richer advantage” (owning several GPU) is less interesting with Groestl; so fairer.

- Stands for democratization of currency and mining, the ability to send and receive money immediately anywhere in the world, to not pay expensive banking fees, and to transact in an environment that is secure and anonymous.

- Through an innovative algorithm, the Groestlcoin network consumes far less energy, maintains stronger security, and rewards miners in more sustainable ways than sha256, scrypt, x11 and x13 based coins. – Grostl will be the new greener home of GPU miners as it offers greater hashing results with less energy and heat.

- They strive to make groestlcoin available to the masses. Innovative and user friendly, accessible for everyone. They highly value integrity and transparency. Digital currencies are the future and Groestlcoin will be one of the leaders in this revolution.

The name "Grøstl" is a multilingual play-on-words, referring to an Austrian dish usually made of leftover potatoes and pork, cut into slices. These are roasted on a pan together with onions and butterfat. The dish is often seasoned with salt, pepper, marjoram, cumin, and parsley, and served with a fried egg or kraut (cabbage). Hence, gröstl is somewhat similar to the American dish called hash. The letter ‘ö’ was replaced by ‘ø’, which is a letter in the Danish alphabet that is pronounced in the same way as ‘ö’. This way, the name, like the hash function itself, contains a mix of Austrian and Danish influences. The pronunciation of Grøstl may seem challenging. If you think so, then think of the letter ‘ø’ as the ‘i’ in "bird". This letter is a so-called close-mid front rounded vowel.

Groestl Specifications White Paper

Features

- Is a cryptocurrency utilizing Proof of Work

- No ASIC currently exists for Groestl & it is unlikely that one will be developed for it anytime soon. GroestlCoin will be ASIC-free for the foreseeable future.

- Through these features GroestlCoin embodies the fairly distributed & decentralized nature of Cryptocurrency. Anyone can mine effectively, with minimal resource consumption and nuisance.

- With the influx of ASICs we thought decentralized mining will soon be dead, with GroestlCoin it is reborn and taken to another level.

- The extra added value of Groestl is that the "richer advantage" (owning several GPU) is less interesting with Groestl; so fairer.

- Stands for democratization of currency and mining, the ability to send and receive money immediately anywhere in the world, to not pay expensive banking fees, and to transact in an environment that is secure and anonymous.

- Through an innovative algorithm, the Groestlcoin network consumes far less energy, maintains stronger security, and rewards miners in more sustainable ways than sha256, scrypt, x11 and x13 based coins.

- Grostl will be the new greener home of GPU miners as it offers greater hashing results with less energy and heat.

- We strive to make groestlcoin available to the masses. Innovative and user friendly, accessible for everyone. We highly value integrity and transparency. Digital currencies are the future and Groestlcoin will be one of the leaders in this revolution.

Technology

About the algorithm:

- Is an iterated hash function, where the compression function is built from two fixed, large, different permutations. The design of Grøstl is transparent and based on principles very different from those used in the SHA-family.The two permutations used are constructed using the wide trail design strategy, which makes it possible to give strong statements about the resistance of Grøstl against large classes of cryptanalytic attacks. Moreover, if these permutations are assumed to be ideal, there is a proof for the security of the hash function.

- Can and is accelerated by the hardware AES support present in most modern Intel CPUs, which helps reduce the efficiency gap between a CPU and other implementations. Groestl (old GPU/CPU) - Groestl makes wide range of trade-offs between throughput, latency, and power consumption. Because of this, groestl uses less power per hash than other algos. Due to the less complex hashing, groestl performs well on older GPU’s as well as CPU’s.

- Is the single most efficient algorithm for GPUs in the cryptocurrency market. It has been shown to have the lowest power consumption, heat and noise of recently released algorithms, allowing for a quieter and more effective mining environment. 

- Is set to be the future of mining, Groestlcoin is proud to be the first to utilize this new efficient algorithm.

- Is a recently proposed cryptographic hash algorithm that has common structure and features with the Advanced Encryption Standard (AES). The objective of this paper is to present the design of a high speed joint implementation of Grøstl and AES with minimal resources using a pipelining method. The advantage of this implementation is that it efficiently provides both cryptographic hash function and block cipher. The system is targeted to the Altera Cyclone IV FPGA. The paper presents a complete description of the design and implementation, as well as an analysis of the resulting synthesis and comparison to other proposed implementations of the Grøstl hash function.

- Is a byte-oriented SP-network which borrows components from the AES. The S-box (substitution-box) used is identical to the one used in the block cipher AES and the diffusion layers are constructed in a similar manner to those of the AES. As a consequence there is a very strong confusion and diffusion in Grøstl.

- Is a so-called wide-pipe construction where the size of the internal state is significantly larger than the size of the output. This has the effect that all known, generic attacks on the hash function are made much more difficult.

- Has good performance on a wide range of different platforms and counter-measures against side-channel attacks are well-understood from similar work on the AES.

About the AES acceleration:

The compression function f is based on a pair of 256- or 512-bit permutation functions P and Q, and is defined as:

f(h, m) = P(h ⊕ m) ⊕ Q(m) ⊕ h

The permutation functions P and Q are heavily based on the Rijndael (AES) block cipher, but operate on 8×8 or 8×16 arrays of bytes, rather than 4×4. Like AES, each round consists of four operations:

1.AddRoundKey (the Grøstl round keys are fixed, but differ between P and Q)

2.SubBytes (this uses the Rijndael S-box, allowing sharing with AES implementations)

3.ShiftBytes (expanded compared to AES, this also differs between P and Q, and 512- and 1024-bit versions)

4.MixColumns (using an 8×8 matrix rather than Rijndael's 4×4)

Grøstl divides the input into blocks and iteratively computes hi = f(hi-1, mi). However, Grøstl maintains a hash state at least twice the size of the final output (512 or 1024 bits), which is only truncated at the end of hash computation.

Mkt.Cap $ 13.33 M Volume 24H 446,418.00 GRS
Market share 0% Total Supply 10.5 M GRS
Proof type PoW Open $ 0.18
Low $ 0.17 High $ 0.18
Date Price Volume

Groestlcoin(GRS) – CoinAll Help Center


Market Data and Calendars

The coin is named as Groestlcoin or GRS which is currently spotted on 126th position with a record of percent over the past 24 hours. A typical cryptocurrency is soaring the new highs after announcing the launch of their first Debit Card backed by Master card.

Groestlcoin description

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The SegWit coin enables fast and private transactions with cheap fees. Groestlcoin produces its own wallet software that is available for download on its website, which allows you to store Groestlcoin on your computer. Sign-up to receive the latest news and price data for Groestlcoin and its competitors with MarketBeat's CryptoBeat newsletter. Cryptolog shows the most accurate live prices, charts and market rates from trusted top crypto exchanges globally.

CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a Groestlcoin and access to a mining pool that pools your effort with other miners and a wallet to store the Groestlcoin that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search. - Through these features GroestlCoin embodies the fairly distributed & decentralized nature of Cryptocurrency. Anyone can mine effectively, with minimal resource consumption and nuisance.

Groestlcoin Records 75% Growth After Launching Debit Card Backed By MasterCard

You can also exchange one Groestlcoin for 0. The value (or market capitalization) of all available Groestlcoin in U.S. dollars is $17.30 million. It is not possible to buy most cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum and Litecoin can be purchased with U.S. dollars using Coinbase.

Groestlcoin description

There is a correlation between price appreciation and public interest in cryptocurrencies, such as Groestlcoin. The chart below shows how search volume has changed for the phrase "Groestlcoin" over the last 90 days. Groestlcoin can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards.

Cryptolog have over 1600+ cryptocurrencies, trusted historical data, and details of active, upcoming and finished initial coin offerings. – Grostl will be the new greener home of GPU miners as it offers greater hashing results with less energy and heat.

Groestlcoin description

The advantage of this implementation is that it efficiently provides both cryptographic hash function and block cipher. - Is set to be the future of mining, Groestlcoin is proud to be the first to utilize this new efficient algorithm. - Is the single most efficient algorithm for GPUs in the cryptocurrency market.

Groestlcoin description

If you want to write or make a video about GRS you will be rewarded and in the same time you will help Groestlcoin. The owners of GRS are the people who bought it and will buy it. You can check out Groestlcoin (GRS) white paper below. It has all the details of how the Groestlcoin (GRS) was formed and how it works. This white paper is original and unedited.

  • MarketBeat's community ratings are surveys of what our community members think about Groestlcoin and other cryptocurrencies.
  • Past performance is not necessarily indicative of future results.
  • CCMiner is another popular mining tool for computers with NVIDIA graphics cards.
  • Proof-of-Work works using the Groestl algorithm, which effectively counteracts ASIC mining.
Groestlcoin description

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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 referred as blockchain. One Groestlcoin (GRS) is currently worth $0.23 on major cryptocurrency exchanges.

The coin is named as Groestlcoin or GRS which is currently spotted on 126th position with a record of 75.83 percent over the past 24 hours. To achieve the stated position, Groestlcoin uses a mixed consensus method - PoW and PoS. Proof-of-Work works using the Groestl algorithm, which effectively counteracts ASIC mining. In turn, Proof-of-Stake can be used for cryptocurrency mining - simply by storing funds on account, users can get about 2% per year. Groestlcoin (GRS) is a general purpose Dutch cryptocurrency that trades on Bittrex.

– With the influx of ASICs we thought decentralized mining will soon be dead, with GroestlCoin it is reborn and taken to another level. CryptoGround.com is an independent publishing house that provides Cryptocurrency & Blockchain Technology News. It is a News Media Platform which serves its audience with accurate News and Analytical Articles.

Groestlcoin price chart

Thus, Groestlcoin welcomes individuals or pools of small size. Groestlcoin reached its highest price on 17 April, 2018, when it was trading at its all-time high of $ 2.89. It has a circulating supply of 73.94M GRS. MarketBeat's community ratings are surveys of what our community members think about Groestlcoin and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term.

You can get coins here through the link and QR-code. Knowing the secret paraphrase, you can return your funds even if you lose the device. The advantages of this wallet is that it allows you to have multiple accounts, and assigns each transaction a unique address.

Groestlcoin description

We strive to help our readers gain valuable, trusted insights through in-depth analysis, high-quality and well-researched News stories and views from the digital currency community experts. Our young and dynamic team is comprised of well-known journalists as well as Cryptocurrency & Blockchain Experts. Join our mailing list to get regular Blockchain and Cryptocurrency updates. Another convenient solution for storing your savings in the Groestlcoin system. Supported on different OS, allows you to run multiple wallets at the same time, has a high speed connection to the network.

Groestlcoin description

Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens.

Past performance is not necessarily indicative of future results.

Groestlcoin description