Groestlcoin GRS – SEGWIT Activated & Lightning Network Ready?

With the popularity that currencies like Bitcoin, Ethereum, Monero currently possess, there are new digital assets being released into the market for mass purchase on a near daily basis.

Groestlcoin GRS is being touted as an “all-in-one coin” that has the potential to serve as a medium that allows for “Instant and Private transactions” that hardly cost the user anything (quite unlike regular banking and money transfer services).

Why Should I Consider GroestlCoin FRS?

Some of the Unique Aspects of this Platform which Make it Different Include:

(i) Resistant to ASIC:

GRS does not make use of ASIC protocols and thus is a “GPU Miner’s Heaven”. Through the use of its own, unique architectural model, Groestlcoin GRS aims to make the distribution and mining of coins “fairer and more just”. Lastly, to prevent any form of centralization of this currency, Groestlcoin make use of “two pure Grøstl-512 mining algorithms” that allow for complete transparency.

(ii) Privacy:

Quite like many other similar blockchain based payment systems, users can send and receive GRS discretely, anonymously. To elaborate on this point, we can see that this platform uses its own wallet called the “Samourai wallet”, which uses stealth mechanisms such as:

  • TOR and VPN support,
  • AES-256 encryption.

(iii) Multipool Resistant:

While many of us may not know what this means. Simply put, as a result of not using MultiPools, GRS is highly unlikely to be faced with any deviancies or anomalies as time passes. In addition to this, it also makes this platform more fair in terms of its distribution capacity.

(iv) Profit Ratio:

According to the company’s official website, GRS is ‘profitable for all miners’. The company goes on to add that users can mine this currency even with old PC’s and still receive profits. However, this claim is not supported by any factual data, and thus cannot be taken on face value.

(v) Energy Efficient:

Since this platform is based on a unique ‘GPU mining GRS algorithm’, it is highly energy and power efficient.

Other Features to Consider Regarding Groestlcoin GRS

(i) Future Ready:

The Groestlcoin community has increased quite substantially within the past few months. As a result of this, the company is actively looking for scaling solutions that will allow it serve the needs and demands of the future, in a safer and more efficient manner.

(ii) Dedicated R&D Team:

The company currently employs a group of developers who aim to release “new features and updates” each quarter (i.e every 3 months). This is done in order to keep the platform up to date with all of the necessities that ensure protection and security of customers.

(iii) SEGWIT Activation:

Through the use of this feature, GRS is able to enable “super fast transactions” that take mere seconds to go through.

(iv) Low Fee Structure:

Even with its super fast payment times, the network only charges a miniscule processing fee. To put things into perspective, we can see that the fee for transferring 10,000 GRS is just 0.000045 GRS.

Some Other Interesting Aspects of Groestlcoin GRS Include:

  • It is the only coin that has been successfully ported onto the Bitcoin Armory as well as Multibit HD.
  • There are 11 different encrypted wallets to choose from.
  • The platform has an Electrum client that has been ported to Java.

Other than this, there are many other unique features that are exclusive to Groestlcoin which users can check out by visiting their website.

How Do I Get on Board?

The coin is already being sold at various online exchanges throughout the web. Some of the places where you can buy this currency from include BITTREX, UPBIT, LITEBIT, CRYPTOPIA, COINEXCHANGE. For any other queries or doubts, users can email the dev team on the email id’s provided on the “support” page.

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