Groestlcoin
GRSFor most crypto investors, Bitcoin and Ethereum are among the must-have digital currencies. Apparently, they are the safest coins to invest in since they have a lot of applications along with a high market cap. However, there are lesser-known coins that have excellent features but are yet to gain the attention of the majority, and Groestlcoin is one of those coins. Take a deeper look into the underlying technology behind Groestlcoin, Groestlcoin applications, Groestlcoin roadmap, and how to exchange GRS Coin at the best rates.
Groestlcoin Exchange Rate
GRSWhat is Groestlcoin?
Groestlcoin is a PoW (Proof-of-Work) crypto that was created as an alternative to Bitcoin in 2014. It features an average block time of one minute and has a maximum supply of 105 million coins. The coin was designed to become functional for everyday payment transactions. It utilized the PoW protocol to enable secure online money transactions. Additionally, it ensures that the system is decentralized and free from any centralized authorities.
Groestlcoin was the first crypto ever to integrate SegWit, making their transactions faster than those of Ethereum or Bitcoin. It’s still one of the fastest payment protocols in the world. Additionally, transaction fees are low to the point that even large transactions attract cents as fees. Groestlcoin is mined using the Groestl algorithm. Thanks to a reduction in hash rate, miners with less computing power can participate in mining. The coin operates on a peer-to-peer model whereby transactions only take place between the payer and the payee. There are no intermediaries required to verify any sender or receiver data. Rather, all transactions are verified by nodes on the network and recorded on an open ledger.
Key Features of the Project
Groestlcoin packs a long list of features that make it affordable, private, secure, and fast. Major features of Groestlcoin include:
- Dedicated Development Team: Groestlcoin has a hardworking & dedicated team that ensures that the GRS ecosystem runs smoothly without any hiccups. Additionally, the team ensures that there’s continuous development at Groestlcoin by releasing new features and updates every three months.
- Lightning Network: Groestlcoin gets near-zero fees on transactions. Additionally, payments are instant. It costs between 0.000045 and 0.00019 GRS to send 10,000 GRS. However, this depends on the kind of wallet that you use. The Core wallet has the lowest transaction fees.
- Multi-Platform Wallets: Name just any platform on the planet and there’s a guarantee that Groestlcoin has a wallet for it. Currently, it has a wallet for every single platform including, but not limited to; Windows, MacOS, Linux, Android, iOS, ChromeOS, and the Web.
GRS Coin
GRS coin is Groestlcoin’s native minable platform token. It utilizes the PoW mining protocol and it’s ASIC-resistant. That means individuals can mine it through CPUs or GPUs. It also has extremely low fees. Transferring about 10,000 GRS costs about 0.000045 GRS.
Groestlcoin Applications
Groestlcoin has over 30 applications that can be found on the official Groestlcoin website. Some of these applications include, but not limited to:
- Groestlcoin BIP39 Tool
- Groestlcoin Broadcast Tool
- Groestlcoin Sentinel
- Groestlcoin EasyVanity 2020
- VanitySearch
- Electrum Personal Server, among others.
Groestlcoin Wallet
At the moment, Groestlcoin has developed 11 different Android wallets, 3 different Ios wallets, and over 10 different desktop wallets. Below is a list of all the different wallets that Groestlcoin has developed over the years. They include:
Desktop Wallets: Groestlcoin Core, Electrum GRS, Sparrow GRS.
Mobile Wallets: Groestlcoin, GRS BlueWallet, Electrum GRS, Groestlcoin Sentinel
Web Wallet: Groestlcoin Web
Paper Wallet: Groestlcoin p2sh paperwallet
The rest of these wallets are in working condition, but unmaintained. They include:
- Groestlcoin Armory
- Groestlcoin Multisig
- Groestlcoin JSwallet
- MultiGroestl HD
- MultiGroestl Classic
- Groestlcoin WPF
- Groestlcoinomi Desktop
- GroestlPay
- GRS Moonshine
Groestlcoin Development Progress
On the official Groestlcoin website, there is a dedicated development progress page that keeps track of all the development work put into GRS since inception. All existing projects are updated and released during their release cycle, which takes place 4 times a year. Additionally, the development team behind GRS keeps growing with the team having more than 20 team members spread out all over the world. The majority of the team members choose to remain anonymous, only revealing their first name and country of origin.
Groestlcoin Roadmap
Groestlcoin launched in March 2014 as a Bitcoin fork with only one unique feature; its mining algorithm. Nine months later, the team had developed an Android wallet and a social media tipping bot. Since then, the team has developed a number of wallets with support for all operating systems. In 2017, it adapted the SegWit technology that saw the GRS coin increase in value by 1,000%. Today, the team is still undertaking upcoming projects so as to remain flexible and keep improving on existing features. They still have a long way to go.
Groestlcoin Exchange: How to Buy Groestlcoin at the Best Rates?
GRS tokens are available on just about any major crypto exchange platform online. However, the best Groestlcoin exchange platform that has proved reliable and safe is Swapzone. Thanks to some amazing collaborations, Swapzone is able to offer you several Groestlcoin exchange rate offers, without any hidden fees.
Here is a detailed tutorial of how to buy GRS at the best rate on Swapzone with BTC:
- Step 1. Head to the Swapzone website.
- Step 2. Select the proper pair (BTC to GRS).
- Step 3. Input the amount of BTC you want to exchange for GRS, and the aggregator will find the best deals for you.
- Step 4. Click on the ‘Exchange’ button that leads you to an exchange platform, and type in the address where you want to send the GRS coins.
- Step 5. Use the generated BTC address to send your BTC deposit.
- Step 6. Head to ‘Proceed with the Exchange’ and – if you want – leave a review of the website you chose to carry out your exchange process.
Frequently asked questions
What is the Groestlcoin exchange rate?
An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.
There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.
Where to find the lowest transaction fees?
Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.
If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.
What is average transaction time?
Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.
The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.
The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.
How to choose a cryptocurrency wallet to store Groestlcoin?
To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.
There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.
If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.
What is the best cryptocurrency exchange for beginners?
There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.
To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.
What is Swapzone?
Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.
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