Groestlcoin Price (GRS)

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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.

What is the current trading price of Groestlcoin?

Groestlcoin (GRS) is currently priced at ₱9.49131600275542354000 PHP, reflecting a price movement of -4.68% over the last 24 hours. This price represents the latest aggregated market rate across major exchanges and updates continuously based on live market activity.

What factors are influencing Groestlcoin's price movement today?

The recent price movement over the last 24 hours is shaped by a combination of market sentiment, liquidity fluctuations, and category-wide performance within the Smart Contract Platform,Proof of Work (PoW) sector. Broader economic trends and on-chain activity on -- may also contribute to short-term volatility.

How strong is the trading interest in GRS?

Investors have generated ₱-- in 24-hour trading volume, signaling active participation. Higher volume typically indicates increased confidence and better price discovery.

What is Groestlcoin's position in the global crypto market?

It currently holds market rank #1350 with a market capitalization of ₱842119485.35016146110000, placing it among the more established assets within its sector.

What does the circulating supply tell us about GRS?

With 89006948.88736624 tokens in circulation, the supply level plays a major role in determining scarcity, long-term inflation, and market valuation.

How does today's price compare to Groestlcoin's recent performance?

The price range between ₱9.21394912468233936000 and ₱10.05562840615118466000 over the last 24 hours highlights its intraday volatility and helps traders evaluate short-term price opportunities.

How does Groestlcoin stack up against similar assets?

Against other Smart Contract Platform,Proof of Work (PoW) tokens, GRS continues to show competitive performance, supported by steady volume and consistent interest from both retail and institutional participants.