This is a proof-of-work cryptocurrency, and Proof-of-Work is referred to as POW. It is currently impossible for Groestl's mining machine to be developed soon. But it might be possible in the future. Through these functions GroestlCoin cryptocurrency embodies the fair distribution and decentralized nature. Anyone can efficiently mine this coin with minimal resource consumption and no hassle. With the influx of asics we thought decentralized mining would soon be dead, GroestlCoin is reborn and elevated to another level.

Groestl's added value is that being "rich with advantages" (having several GPUs) is less interesting. So Groestl; is fairer. It represents the democratization of currency and mining, the ability to send and receive money anywhere in the world instantly, without paying expensive bank fees, and the processing environment is safe and anonymous. Through an innovative algorithm, the Groestlcoin network consumes less energy, maintains strong security, and rewards miners in a more sustainable way than sha256, scrypt, x11 and *13 based coins.

Grostl will be the home of the new green GPU miner as it provides greater hashing results with less energy and heat. We strive to democratize groestlcoin. Innovative and user-friendly, accessible to everyone. We place high value on integrity and transparency. Electronic money 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 almost zero fees, which is privacy oriented. Major developments are released every 3 months. Gloucester Coin is the first coin to launch SEGWIT and is Lightning Network ready. Cryptocurrencies operate as open-source software on a peer-to-peer model (transactions happen directly between payer and payee). This means there is no need for a trusted intermediary such as a bank or PayPal to verify sender and receiver details. Instead, transactions are verified by nodes (a network of computers/users distributed across the globe) and recorded on an open ledger called a blockchain.

The main idea behind creating the Groestl coin is to build an electronic payment model based purely on mathematical proofs. It is a system that is independent of the influence of a central authority, a money transfer that can be done electronically for a small fee. Grestlus coins are rewarded by miners for confirming transactions. The founder states that there will only be 105 million Grestrum (GRS) when all coins are mined.

Application scenario

ASIC RESISTANCE - A GPU miner's paradise, making the mining distribution of this coin fairer and more even to help prevent coin centralization.
Groestl coin uses 2 rounds of pure Gr stl-512 mining algorithm and no ASIC was ever created for it. Baikal ASIC implements Myriad-Groestl, but is not compatible with Groestl coins. Private Transactions - You can send GRS anonymously. Samourai Wallet prides itself on its anonymity and security as it allows private addresses with TOR and VPN support, as well as onboard AES-256 encryption. Multipool resistance - basically makes it much less likely for a fork to get stuck in a coin, creating all sorts of anomalies and issues. Solve the multi-pool problem and make the distribution fairer by proving work between smaller pools and miners.

Highly profitable for all miners. You can mine GRS without specialized hardware and still make a profit, making GROESTL coin truly a people's coin! Energy saving. Thanks to GPU mining, GRS algorithm, GROESTL coin is really economical to mine, if you live in a hot country, this is the coin to mine because electricity costs are much lower.

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