This is a Proof of Work (PoW) cryptocurrency, with PoW being the acronym for Proof of Work. At present, its unlikely that a Groestl-specific miner will be developed anytime soon. However, this possibility cant be ruled out in the future. Through these features, the GroestlCoin cryptocurrency embodies fair distribution and decentralization. Anyone can mine this coin effectively with minimal resource consumption and without hassle. With the influx of ASICs, we believe decentralized mining is dying, but GroestlCoin represents a rebirth, elevating it to another level.

An added value of Groestl is that "having an advantage" (owning several GPUs) is less appealing. Thus, Groestl is more equitable. It represents the democratization of currency and mining, enabling immediate sending and receiving of money anywhere in the world without incurring expensive bank fees, in a secure and anonymous environment. Through an innovative algorithm, the Groestlcoin network consumes less energy, maintains strong security, and rewards miners in a more sustainable manner than SHA256, Scrypt, X11, and *13-based coins.

Groestl will become the home of new green GPU miners, as it offers greater hash rates with less energy and heat. We strive to popularize Groestlcoin, making it innovative and user-friendly, accessible to everyone. We place a high value on integrity and transparency. Digital currency is the future, and Groestlcoin will be one of the leaders of this revolution.

Project Highlights

Groestl Coin is a fast and secure coin with virtually zero fees, focused on privacy. Major developments are released every three months. Groestl Coin was the first coin to launch SEGWIT and is Lightning Network ready. This cryptocurrency operates on a peer-to-peer model as open-source software (transactions occur directly between payer and recipient). This means theres no need for trusted intermediaries like banks or PayPal to verify sender and receiver details. Instead, transactions are validated by nodes (a distributed network of computers/users worldwide) and recorded in an open ledger called the blockchain.

The main idea behind creating Groestl Coin was to establish an electronic payment model purely based on mathematical proof. Its a system independent of central authority influence, enabling monetary transfers electronically with minimal fees. Groestls are issued to miners as a reward for confirming transactions. The founders note that only 105 million Groestls (GRS) will exist once all coins have been mined.

Use Cases

ASIC Resistance - A GPU miners paradise, making the coins mining distribution more equitable and even, helping prevent coin centralization.
Groestl Coin uses a pure two-round Grøstl-512 mining algorithm, and no ASIC has ever been created for it. Baikal ASIC implemented Myriad-Groestl, but it is incompatible with Groestl Coin. Private Transactions - You can send GRS anonymously. The Samourai Wallet takes pride in its anonymity and security, as it allows private addresses with TOR and VPN support, along with onboard AES-256 encryption. Multi-pool Resistance - Essentially, it greatly reduces the likelihood of forks getting stuck in the coin, causing various anomalies and issues. Solving the multi-pool problem by proving work among smaller pools and miners, making distribution more equitable.

Highly Profitable for All Miners. You can mine GRS without dedicated hardware and still make a profit, making Groestl Coin truly the peoples coin! Energy-Efficient. Due to GPU mining, the GRS algorithm makes Groestl Coin truly economical to mine, especially if you live in a hot country, where power costs are significantly lower.

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