GroestlCoin is a privacy based, ASIC resistant, POW blockchain created with the GRS algorithm in 2014. It was surprisingly the very first blockchain to have announced segwit and Lightning network support.
There’s a few ASIC resistant blockchains around, but what makes this one special?
The development team consists of over twenty members from all corners of the world. They’re all fairly transparent with their work and available for contact through Discord, Slack, Reddit, Twitter , etc.
They release “Development Releases” every three months, in which they show off what the team has accomplished since the last release.
You can also check in on their github, to see what’s actively(and publicly) in the works.
Everything the blockchain will ever need for coin storage, is complete.
The team has already created support for all desktop/laptop OS’s, along with support for IOS, Android, and Blackberry(rare) devices. You can find more information about wallet’s and support on their site. They even have a paper wallet generator too!
III. Accidental Cross Chain Transactions
It’s happened before… If you accidentally send BTC to a LTC address (for example), it’s gone and there’s nothing you can do about it. You may have even made this mistake yourself.
However, if you manage to do this with GroestlCoin, you’ll quickly realize your mistake as the transaction will not initiate. Since the algorithm functions differently, the addresses generated are different from most coins. The developers knew this, and put in place the code to make sure you don’t send your precious money, into nothingness.
GroestlCoin is both “Multipool Resistant”, and ASIC Resistant. This makes it far less likely for a fork to get stuck within the coins blockchain, creating all sorts of anomalies and issues. Taking out the multipool problem helps level out fair distribution through proof of work among smaller pools and miners.
The algorithm isn’t your standard Eth, Equihash, or Cryptonote clone. GRS is designed specifically for power preservation, and helps keep your mining power consumption to a minimum(finally).
GRS also allows for miners with low hashing power to turn over decent profits(allowing for you to purpose your old laptop). This is what makes it “The Peoples Coin”.
Groestlecoin also has an easy to use miner, allowing new miners and crypto enthusiasts to start earning. You can find out more about here.
It’s also important to note that the block reward for mining decreased by 6%, every week. It’s not locked in at 5 GRS per block. This forced the coin to steadily grow in worth overtime, and helped reduce the chances of damaging pump and dumps.
CALL TO ACTION: Buy Groestlecoin (GRS) up to $0.16 via Binance, Bittrex, or Hotbit exchanges!
Stay ahead of the masses,
Founder, Crypto Wealth Coach
Owner, Modern Wealth Managament
Founder, Trading Resource Artificial Intelligence Network (T.R.A.I.N.)