$0.302
$-0 1.42%
$0.299 / $0.309
$25.82M 1.55%
$31.74M
$562.69K
85.39M GRS
(Not Available)
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1.42%
10.19%
0.55%
37.15%
45.91%
11.52%
The world of cryptocurrencies is dynamic, and staying informed about your favorite digital assets is crucial. In this detailed market overview, we delve into the intricacies of Groestlcoin, providing you with key insights into its current standing and recent performance.
The current market price of Groestlcoin stands at $0.302. Over the last 24 hours, this digital asset has seen a negative change of 1.42%, bringing the price to a decrease.
The 24-hour trading volume for Groestlcoin has been notable, reaching $562.69K. This significant trading activity indicates the active engagement of market participants in buying and selling Groestlcoin.
Currently ranked at Rank 886 in the cryptocurrency market, Groestlcoin boasts a market capitalization of $25.82M.
Explore the price range of Groestlcoin in the last 24 hours, from a low of $0.299 to a high of $0.309. This volatility presents opportunities for traders and investors alike.
The total available supply of Groestlcoin is 85.39M GRS.
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.
Proof of Work (PoW)As of 2024-07-03 03:27:18, the current price of Groestlcoin is $0.302.
As of 2024-07-03 03:27:18, the price change in the last 24 hours for Groestlcoin is $-0, with a percentage change of 1.42%.
As of 2024-07-03 03:27:18, the 24-hour low and high for Groestlcoin are $0.299 and $0.309, respectively.
As of 2024-07-03 03:27:18, the market cap of Groestlcoin is $25.82M.
As of 2024-07-03 03:27:18, the fully diluted market cap of Groestlcoin is $31.74M
As of 2024-07-03 03:27:18, the trading volume (24H) for Groestlcoin is $562.69K.
As of 2024-07-03 03:27:18, the circulating supply of Groestlcoin is 85.39M GRS.
As of 2024-07-03 03:27:18, the max supply of Groestlcoin is (Not Available)
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