Groestlcoin

Overview of Groestlcoin

Groestlcoin Release September 2019 In our current world; bordering on financial chaos, with tariff wars, Brexit and hyperinflation rife, you can count on Groestlcoin to consistently produce innovation that strikes to take the power away from the few and into the many, even after a full five and a half years of solid development.

Groestlcoin Release December 2019 Groestlcoin has been on an emotional journey spanning 5 and a 3/4 years now and since being the first cryptocurrency to successfully activate SegWit, the developers have been hard at work bringing as much choice as possible to the options provided for utilising SegWit.

Groestlcoin Release December 2020 This development release brings another historical first for the cryptocurrency community, but before we delve into that, we at the Groestlcoin Core team would like to wish everyone a fantastic winter solstice (albeit a day late!), a wonderful Christmas and New Year.

Groestlcoin has a plethora of wallets to store GRS, including a core desktop wallet, several mobile wallets, a web wallet, third-party storage on Coinomi, Atomic Wallet, Guarda, Zelcore, Flare and others, and also hardware wallet storage on Ledger devices, Trezor and BitFi.

Groestlcoin 22 June 2020 release As 2020 continues to unravel with people worried about their health, livelihoods, jobs and general way of life, one thing at least can remain constant – Groestlcoin’s release schedule.

Groestlcoin (GRS), launched on 22nd of March 2014 with a focus on technological advancement, is SEGWIT and Lightning Network ready.Groestlcoin is a fast and secure coin with almost ZERO fees, that is privacy oriented.

Groestlcoin and other crypto currencies remain legal in most countries including the US, EU, Morocco, Russia, Netherlands, South Africa and others because the administrations are playing catch up with technology.

Groestlcoin could be the Decred of 2018, by that we mean a coin who’s tech is widely respected by nearly the entire community — but strangely is significantly undervalued vs it’s peers.

Groestlcoin reportedly traded $842,470 of Exchange Volume in the past 24 hours, equating to 7.46% of its Network Value; a hugely impressive figure, if only it was accurate.

Groestlcoin is a free open source peer-to-peer electronic cash system that
is completely decentralized, without the need for a central server or
trusted parties.

Blockchain

Groestlcoin cryptocurrency guide advises where to buy and how to buy Groestlcoin.This guide also contains the markets, value, trading, investing, buying, selling, transactions, blockchain, mining, technology, advantages, risks, history, legislation, regulation, security, payment, networks and many other interesting facts about Groestlcoin as well its status in the world of cryptocurrency

Encryption

The Groestlcoin wallet developers have come up with multiple security options for your assets, including BIP wallet encryption, hardware wallets, and even offline/paper wallets that add layers of protection to your coinage.

Mine

Network

Without getting too much into technical details, the key takeaway points are:

Support

It is however a risk that we feel should be called out, if you support Groestlcoin and want to aid marketing or development efforts we encourage you to donate to the team here.likely have side gigs to pay the rent, it’s hard to see how less than $20k USD adequately compensates the team.This being said, we’ve seen 4 years of steady development, meeting the commitment of quarterly updates — so potentially these concerns are unwarranted.

Transactions

Right now, Groestlcoin has a one MB block size, but the developers have stated that they’ll increase it if 80 transactions per second are too few to handle an increase in volume.

Does Groestlcoin Use Blockchain Technology?

YES, Groestlcoin is a fork from the original Bitcoin blockchain.

How Does Groestlcoin Work?

Groestlcoin is strictly a cryptocurrency for peer-to-peer (p2p) payments.The coin serves the same end-goal as other transactional cryptos like Bitcoin and Litecoin but accomplishes that goal with a different set of attributes.

Has Groestlcoin Ever Been Hacked?

Grostlcoin and it’s use of the Grostl protocol are still working effectively close to 3 years after creation.The main reason for this efficiency is a highly responsive team that promptly picks on every flaw and fixes it with speed.The Grostl network has been implementing updates and redesign for its protocol both when needed, and when optimization is discovered.

How Does Groestlcoin Work?

As one of the latest types of currencies, Groestlcoin is seen as a solution to myriads of issues that characterize the fiat currencies.The currency is very easy to store, transfer, and designate for a specific purpose.But the question of how Groestlcoin works never fades away especially from new enthusiasts.

Should You Add GroestlCoin To Your Portfolio?

If you believe in the future value of privacy-centric digital currencies, then adding some Groestlcoin exposure to your cryptoasset portfolio would make sense.This coin is relatively unknown but has an active team working on it that aims to add innovative features to the coin on an ongoing basis.Hence, it may be an opportunity to get in at a price level now that we will not see again in the future.

How Groestlcoin Works?

Groestlcoin consists of a blockchain with unique hashes grouped into small blocks.The hash functions are however higher in number compared to Bitcoin’s SHA256 algorithm.Unlike Bitcoin also, the Groestl-0 hashing algorithm is designed for GPU mining.It’s resistant to ASICs, which helps provide equity among miners.

Is Groestlcoin Legal?

Yes, Groestlcoin is legal.Most countries do not have clear legislation on Groestlcoin and other digital cryptocurrencies.

What is Groestlcoin?

Groestlcoin is a decentralized peer to peer payment protocol developed to solve the main limitations of Bitcoin.It was launched in 2014 after its team of developers reached the National Institute of Standard Technology hash function competition finals in 2014.

What Is Groestlcoin?

Groestlcoin is a cryptocurrency that appeared as an independent means of payment, and not as an internal method of payment for one of the projects.The coin was released in 2014.

What is Groestlcoin?

Groestlcoin (GRS) is a cryptocoin, that is optionally private.Anyone can mine it effectively, with GPU.

Is Groestlcoin Secure?

The Groestlcoin protocol and cryptography makes the blockchain one of the most secure in the cryptocurrency industry today.Since inception, the Groestlcoin team has ensured they follow the occurrences closely to redefine the blockchain technology against the emerging threats.

Can Groestlcoin Grow to Become a Major Payment Network?

Yes, Groestlcoin can handle 10 times as many transactions per second compared to Bitcoin.Also with the developers vowing to increase block size if the 70 transactions per second becomes too low to handle the volume.

What is the value of Groestlcoin?

One Groestlcoin (GRS) is currently worth $1.30 on major cryptocurrency exchanges.You can also exchange one Groestlcoin for 0.00002446 bitcoin(s) on major exchanges.The value (or market capitalization) of all available Groestlcoin in U.S.dollars is $100.98 million.

How Can I Restore Groestlcoin?

The problem of lost Groestlcoins is perhaps the most worrying to investors.At this point, it is important to understand that your Groestlcoins are stored in the Cryptocurrency wallet and not in the Groestlcoin network.Therefore, what gets lost is the wallet or the private keys.

What is Groestlcoin?

A competition was organized by the US National Institute of Standards and Technology (NIST), called the NIST hash function competition, which attempted to develop an algorithm that would work in tandem with older SHA algorithms and mitigate any challenges therein.

How do I buy Groestlcoin?

It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Groestlcoin.

What is Groestlcoin?

About the algorithm: – Is an iterated hash function, where the compression function is built from two fixed, large, different permutations.The design of Grøstl is transparent and based on principles very different from those used in the SHA-family.The two permutations used are constructed using the wide trail design strategy, which makes it possible to give strong statements about the resistance of Grøstl against large classes of cryptanalytic attacks.Moreover, if these permutations are assumed to be ideal, there is a proof for the security of the hash function.- Can and is accelerated by the hardware AES support present in most modern Intel CPUs, which helps reduce the efficiency gap between a CPU and other implementations.Groestl (old GPU/CPU) – Groestl makes wide range of trade-offs between throughput, latency, and power consumption.Because of this, groestl uses less power per hash than other algos.Due to the less complex hashing, groestl performs well on older GPU’s as well as CPU’s.- Is the single most efficient algorithm for GPUs in the cryptocurrency market.It has been shown to have the lowest power consumption, heat and noise of recently released algorithms, allowing for a quieter and more effective mining environment.- Is set to be the future of mining, Groestlcoin is proud to be the first to utilize this new efficient algorithm.- Is a recently proposed cryptographic hash algorithm that has common structure and features with the Advanced Encryption Standard (AES).The objective of this paper is to present the design of a high speed joint implementation of Grøstl and AES with minimal resources using a pipelining method.The advantage of this implementation is that it efficiently provides both cryptographic hash function and block cipher.The system is targeted to the Altera Cyclone IV FPGA.The paper presents a complete description of the design and implementation, as well as an analysis of the resulting synthesis and comparison to other proposed implementations of the Grøstl hash function.- Is a byte-oriented SP-network which borrows components from the AES.The S-box (substitution-box) used is identical to the one used in the block cipher AES and the diffusion layers are constructed in a similar manner to those of the AES.As a consequence there is a very strong confusion and diffusion in Grøstl.- Is a so-called wide-pipe construction where the size of the internal state is significantly larger than the size of the output.This has the effect that all known, generic attacks on the hash function are made much more difficult.- Has good performance on a wide range of different platforms and counter-measures against side-channel attacks are well-understood from similar work on the AES.About the AES acceleration: The compression function f is based on a pair of 256- or 512-bit permutation functions P and Q, and is defined as: f(h, m) = P(h ? m) ? Q(m) ? h The permutation functions P and Q are heavily based on the Rijndael (AES) block cipher, but operate on 8×8 or 8×16 arrays of bytes, rather than 4×4.Like AES, each round consists of four operations: 1.AddRoundKey (the Grøstl round keys are fixed, but differ between P and Q) 2.SubBytes (this uses the Rijndael S-box, allowing sharing with AES implementations) 3.ShiftBytes (expanded compared to AES, this also differs between P and Q, and 512- and 1024-bit versions) 4.MixColumns (using an 8×8 matrix rather than Rijndael's 4×4) Grøstl divides the input into blocks and iteratively computes hi = f(hi-1, mi).However, Grøstl maintains a hash state at least twice the size of the final output (512 or 1024 bits), which is only truncated at the end of hash computation.

How Much Are the Transaction Fees of Groestlcoin?

Enabling Lightning Network, Groestlcoin gets almost ZERO fee transactions, instant payments, scalability and Atomic Swaps.The fee for transferring 10,000 GRS equates 0.000045 GRS.

What coins are similar to Groestlcoin?

The following coins use the same hashing algorithm (Groestl) as Groestlcoin: KARMA, Diamond, FairCoin, MicroBitcoin, FairGame and DMD.

Is It Profitable to Invest in Groestlcoin?

Groestlcoin is already a profitable mining coin and with Groestlcoin still attracting more and more investors it is definitely a good investment as its expected to rise far beyond the current value.

What do investment analysts think about Groestlcoin?

Weiss Research, an investment research firm that rates cryptocurrencies, has given Groestlcoin an overall rating of “C-“, a technology and adoption rating of “D+”, and a market performance rating of “B-“.

What does it aim to solve?

With a shorter block period than Bitcoin, Groestlcoin aims to be more functional for everyday payments.Merchants don’t need to wait 10 minutes to confirm whether or not they have received their payment.The reduction in hashrate intensity also gave Groestlcoin an opportunity to be mined by individuals with less computing power.However, companies and teams have created ASICs for Groestlcoin, albeit at a higher cost than creating ASICs for Bitcoin.Rather than just a simple fork, Groestlcoin also works to adopt developments and additions inspired from discussions surrounding the Bitcoin network, and was actually one of the first adopters to several key features such as Segregated Witness (SegWit) and the Lightning Network.

What Happens if Groestlcoin Gets Lost?

Groestlcion is digital money that you can only hold in a crypto wallet.Because you already own the coins after mining, getting paid, or buying from an exchange, losing them means they remain in the network but in a dormant state.For example, if you lose the crypto wallet that holds the coins, they will forever remain there since only your private keys can unlock them.

What is the Reddit page for Groestlcoin?

The official Reddit community (subreddit) for Groestlcoin is r/groestlcoin.

Why choose LiteBit?

We believe in trading crypto the safe, simple and human way.

What Is Groestlcoin?

Groestlcoin (GRS), launched on 22nd of March 2014 with a focus on technological advancement, is SEGWIT and Lightning Network ready.

How do I mine Groestlcoin?

Groestlcoin can be mined using specialized mining software.XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards.CCMiner is another popular mining tool for computers with NVIDIA graphics cards.In addition to having mining software, you will need a Groestlcoin and access to a mining pool that pools your effort with other miners and a wallet to store the Groestlcoin that you earn from mining.Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

How much GRS will I earn per day?

To figure this out, you would go to http://whattomine.com and use their calculator.In this case, the GRS calculator is located at https://whattomine.com/coins/48-grs-groestl  The calculator does provide a rough estimate, so you may get paid a higher or lower amount than what the calculator actually says.

What hashing algorithm does Groestlcoin use?

Groestlcoin is a proof of work (PoW) coin that uses the Groestl algorithm.

What Is Groestlcoin?

Groestlcoin is an ASIC-resistant cryptocurrency that boasts having “almost ZERO fees.” Although the coin itself is only pseudo-anonymous (like Bitcoin), the development team has ported a wallet (Samourai) to give you full anonymity.

What is groestlcoin GRS?

Groestlcoin (GRS), launched on 22nd of March 2014 with a focus on technological advancement, is SEGWIT and Lightning Network ready.Groestlcoin is a fast and secure coin with almost ZERO fees, that is privacy oriented.Major development release every 3 months.Groestlcoin was the first coin that activated SEGWIT and is Lightning Network ready.The cryptocurrency operates as open source software on a peer-to-peer model (transactions take place directly between the payer and payee).This means that no trusted intermediary such a banks or PayPal is required to verify the details of the sender and receiver.Rather, the transactions are verified by nodes (the network of computers/users spread globally) and recorded in an open ledger referred as blockchain.Groestlcoin Explorer The main idea of creating Groestlcoin was to establish an electronic payment model that was purely based on mathematical proof.This is a system that is independent of influence from centralized authorities, a currency transferable electronically, and instantly at a very small fee.

What Are the Advantages of Groestlcoin?

The blockchain technology has continued to grow and manifest itself in every aspect of the modern lifestyle.From a controversial alternative currency to the most valuable digital cryptocurrency, Groestlcoin has now become an irresistible investment.Here are the most notable advantages that come with Groestlcoin.

What makes Groestlcoin different from the rest?

While Groestlcoin is based on Bitcoin and compatible with many key components of the Bitcoin ecosystem, adjustments to the code allowed to improve and introduce new features like SegWit or Lightning Network which offers significant improvements in transaction speed, and privacy.

Where to Buy Groestlcoin with Credit Card?

At the moment, there’s only one exchange that supports purchasing Groestlcoin via credit card.

How does it work?

Groestlcoin is mined using the Groestl algorithm.Groestl was chosen as one of the five finalists of the NIST hash function competition.It uses the same S-box as AES in a custom construction.The cryptocurrency operates as open source software on a peer-to-peer model (transactions take place directly between the payer and payee).This means that no trusted intermediary such a bank or PayPal is required to verify the details of the sender and receiver.Rather, the transactions are verified by nodes (the network of computers/users spread globally) and recorded in an open ledger.

What technology is included in Groestlcoin?

About the algorithm: – Is an iterated hash function, where the compression function is built from two fixed, large, different permutations.The design of Grøstl is transparent and based on principles very different from those used in the SHA-family.The two permutations used are constructed using the wide trail design strategy, which makes it possible to give strong statements about the resistance of Grøstl against large classes of cryptanalytic attacks.Moreover, if these permutations are assumed to be ideal, there is a proof for the security of the hash function.- Can and is accelerated by the hardware AES support present in most modern Intel CPUs, which helps reduce the efficiency gap between a CPU and other implementations.Groestl (old GPU/CPU) – Groestl makes wide range of trade-offs between throughput, latency, and power consumption.Because of this, groestl uses less power per hash than other algos.Due to the less complex hashing, groestl performs well on older GPU’s as well as CPU’s.- Is the single most efficient algorithm for GPUs in the cryptocurrency market.It has been shown to have the lowest power consumption, heat and noise of recently released algorithms, allowing for a quieter and more effective mining environment.- Is set to be the future of mining, Groestlcoin is proud to be the first to utilize this new efficient algorithm.- Is a recently proposed cryptographic hash algorithm that has common structure and features with the Advanced Encryption Standard (AES).The objective of this paper is to present the design of a high speed joint implementation of Grøstl and AES with minimal resources using a pipelining method.The advantage of this implementation is that it efficiently provides both cryptographic hash function and block cipher.The system is targeted to the Altera Cyclone IV FPGA.The paper presents a complete description of the design and implementation, as well as an analysis of the resulting synthesis and comparison to other proposed implementations of the Grøstl hash function.- Is a byte-oriented SP-network which borrows components from the AES.The S-box (substitution-box) used is identical to the one used in the block cipher AES and the diffusion layers are constructed in a similar manner to those of the AES.As a consequence there is a very strong confusion and diffusion in Grøstl.- Is a so-called wide-pipe construction where the size of the internal state is significantly larger than the size of the output.This has the effect that all known, generic attacks on the hash function are made much more difficult.- Has good performance on a wide range of different platforms and counter-measures against side-channel attacks are well-understood from similar work on the AES.About the AES acceleration: The compression function f is based on a pair of 256- or 512-bit permutation functions P and Q, and is defined as: f(h, m) = P(h ? m) ? Q(m) ? h The permutation functions P and Q are heavily based on the Rijndael (AES) block cipher, but operate on 8×8 or 8×16 arrays of bytes, rather than 4×4.Like AES, each round consists of four operations: 1.AddRoundKey (the Grøstl round keys are fixed, but differ between P and Q) 2.SubBytes (this uses the Rijndael S-box, allowing sharing with AES implementations) 3.ShiftBytes (expanded compared to AES, this also differs between P and Q, and 512- and 1024-bit versions) 4.MixColumns (using an 8×8 matrix rather than Rijndael's 4×4) Grøstl divides the input into blocks and iteratively computes hi = f(hi-1, mi).However, Grøstl maintains a hash state at least twice the size of the final output (512 or 1024 bits), which is only truncated at the end of hash computation.

What is Groestlcoin?

Groestlcoin was the first coin that activated SegWit and is Lightning Network ready.

Where can I get Groestlcoin wallet?

Groestlcoin produces its own wallet software that is available for download on its website, which allows you to store Groestlcoin on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

Where and How to Buy Groestlcoin?

You can purchase Groestlcoin via the following exchanges.

Why Do People Trust Groestlcoin?

Bulk of the trust that people have in Groestlcoin comes from the reality that it needs no trust at all.Groestlcoin network is an open-source and fully decentralized network.What this means is that anybody can access the whole source code at any place and anytime.A developer can easily demonstrate how Groestlcoin operates easily.

History of Groestlcoin

In 2016, Groestlcoin advanced their pace in building additional GRS wallets for all operating systems, including Blackberry and iOS.

In 2017, the Groestlcoin network integrated SegWit to improve scalability and lower transaction fees for users.

In 2017, the network made a bold move that changed the value of its coin.