Groestlcoin (GRS) is a cryptocurrency created in 2014. Its development team aims to create a currency that’s completely anonymous. Groestlcoin runs on the Proof-Of-Work consensus which is of course, independent of authority influence, making it decentralized. It is also completely ASIC-resistant.
It got its name from the Grostl-512 mining algorithm, and even though fans of the coin asked for a possible rebranding, it seems that it’s just not on the cards.
Even though its price has been going up and down, the GRS BTC exchange is still a popular option. The current conversion rate is 0.00002102, so if you are considering investing, this might be the right time to put your money to work.
In addition, if you are willing to make a big investment in this coin, you should be well aware of its features and future potential.
So, make sure you read below and inform yourself about this technologically advanced cryptocurrency.
Groestlcoin trading
As we previously mentioned, Groestlcoin’s price has fluctuated ever since it launched. Coins that have such unpredictability might never get the attention they deserve despite their wonderful features.
In the past, Groestlcoin prices fluctuated from 0.1 all the way to 0.3. However, at one point, the coin reached a value of 1.18 or 0.00018 GRS, and investors that bought it when it was down made some serious profits.
The meteoric rise was largely credited due to investors’ interest in ASIC-resistant coins. And, we can clearly see that Groestlcoin is capable of incredible heights if only there are investors putting their money into this cryptocurrency.
As things stand, Bitcoin prices are falling at a rapid pace. And if what the experts predict is true, we can expect to see an increase in Groestlcoin’s price as Bitcoin reaches an all-time high during the bull run.
Where can you buy it?
Groestlcoin is available on almost all major crypto exchanges. You can easily find it and purchase as much as your want. Of course, you should never invest more than you are able to afford. To ensure that you are making the right investment, make sure to thoroughly read the whitepaper of Groestlcoin. There you will find all the pertinent information regarding the coin and its team’s future plans. On certain exchanges, you can also find demo features where you can practice your crypto trading skills.
But before you purchase it, you should look for wallets for safe storage. Groestlcoin Core is the best option for you if you want to have a wallet easily accessible via your desktop. On the other hand, if you prefer to monitor your crypto balance on the go, Groestlcoin mobile wallets might be the right option for you.
Groestlcoin’s team
The Groestlcoin team has released over 20 wallets since 2014 and marketed the coin to more than a dozen exchanges.
Some of the greatest achievements of the team include:
- SegWit integration for increasing block sizes and scalability;
- Integration with a lightning network to make lightning-fast payments;
- Ability to do atomic swaps;
- The wallet is supported by 11 Android wallets, 3 iOS wallets, and 10 desktop wallets;
- SMS Transactions.
Groestlcoin main features
Groestlcoin has a wide range of features that make it private, secure, fast, and affordable. It’s well-known for its super-fast transaction speeds, even though privacy was the main goal of the network.
Privacy is achieved by a wallet specially designed to protect addresses using VPN support and TOR encryption and on top of that, Groestlcoin has an algorithm that is as private and advanced as the AES one.
Bottom line
Even though it’s not that popular, Groestlcoin has a lot of features that might interest every crypto enthusiast. Its fast transaction speeds make it very desirable and on top of that, its impenetrable security makes even the most risk-avert investors interested.
If you are considering investing, know that the prices of Bitcoin are currently falling, but experts predict that after this dip, Bitcoin will go on to reach an all-time high. So, if you want to diversify your portfolio and have a coin that might follow in the footsteps of Bitcoin, Groestlcoin should be on your radar.
