Groestlcoin

About Groestlcoin

Groestlcoin (GRS) is a proof-of-work cryptocurrency launched in 2014, designed for fast and practical everyday payments. It uses the Groestl hashing algorithm, a finalist in the NIST hash function competition, which allows mining with less computing power compared to Bitcoin. With a one-minute block time, transactions confirm significantly faster than Bitcoin's ten-minute average. Groestlcoin has been an early adopter of key blockchain improvements, including Segregated Witness and the Lightning Network. Operating on an open-source, peer-to-peer model, it enables direct transactions without intermediaries, positioning itself as a functional digital payment solution for regular use.