What is Groestlcoin?
Groestlcoin market themselves as anonymous, ASIC resistant with zero transaction fees. Groestlcoin was created to establish an electronic payment model based on a mathematical proof. It is created by miners and after mining only 105 million of GRS was existed and 70 million was in circulation.
Groestlcoin mining is through a distributed consensus system applied to confirm transactions similar to Bitcoin. The coin is after all a fork form Bitcoin core. By helping confirm on chain transactions, miners are rewarded with GRS coins. Currently, rewards stand at 5 GRS per block. For consensus purposes, the platform uses Grøstl-512 and to make their peer to peer payment anonymous, they have successfully ported the Samourai privacy-centric wallet.
Some special features of Groestlcoin include: zero fee transactions, instant payments and Atomic Swaps, continuous development with new features every three months. Besides, GRS are the only coins that can be sent via SMS and over 10 different desktop wallets.
The token GSR can be bought via Bittrex, UpBit among other exchanges and can be stored on GRS supporting desktop, online, paper or mobile wallets.