Groestlcoin Price, News and Analysis (GRS)

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Groestlcoin logo
$0.74
($0.02) (-2.84%)
(As of 06/21/2018 11:09 PM ET)
1-Hour Price Change +0.69%
1-Day Price Change -2.84%
7-Day Price Change -6.83%
1-Day Volume$2.21 million
Market Cap$51.71 million
BTC Price0.00011026 BTC
Circulating Supply70.30 million
Total Supply70.30 million
Maximum Supply105.00 million

About Groestlcoin (GRS)

Currency Details

Name Groestlcoin
SymbolGRS
Market Capitalization$51.71 million
Coin or TokenCoin
AlgorithmGroestl
Proof TypePoW
Genesis Date3/22/2014
Mineable?No
Number of Exchanges14

Official Links

Official Websitegroestlcoin.org
Official Website (Alt)N/A
BitcoinTalk AnnouncementView
Twitter Account@GroestlcoinTeam
Facebook PageView
Github AccountView

Buy/Trade Groestlcoin

Community Discussion

Reddit Communityr/groestlcoin
Telegram GroupView
Discord GroupView
Message Board (Alt)N/A

Research Tools

Blockchain Explorerchainz.cryptoid.info
Blockchain Explorer (Alt)groestlsight.groestlcoin.org
CoinMarketCapView
CryptoCompareView
CoinGeckoView

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Groestlcoin (GRS) Frequently Asked Questions

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. (Description provided by CryptoCompare)

What exchanges can I buy or trade Groestlcoin on?

Groestlcoin can be purchased or sold on the following cryptocurrency exchanges: Upbit, Binance, Bittrex, Sistemkoin, Coinrail, Cryptopia, LiteBit.eu, Livecoin, Bittylicious, CoinExchange, OOOBTC, Trade Satoshi, Stocks.Exchange and Neraex.

How do I buy Groestlcoin?

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

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 S. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Jaxx or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Groestlcoin?

One Groestlcoin (GRS) is currently worth $0.74 on major cryptocurrency exchanges. You can also exchange one Groestlcoin for 0.00011026 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Groestlcoin in U.S. dollars is $51.71 million.

What hashing algorithm does Groestlcoin use?

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

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.

What is the Reddit page for Groestlcoin?

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


MarketBeat Community Rating for Groestlcoin (GRS)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  130 (Vote Outperform)
Underperform Votes:  95 (Vote Underperform)
Total Votes:  225
MarketBeat's community ratings are surveys of what our community members think about Groestlcoin and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.

Chart

Groestlcoin (GRS) Price Chart for Thursday, June, 21, 2018

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Google Trends

Groestlcoin (GRS) Search Trends

There is a correlation between price appreciation and public interest in cryptocurrencies, such as Groestlcoin. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Groestlcoin" over the last 90 days.



Groestlcoin (GRS) Website Traffic




Groestlcoin (GRS) Social Media Trends

Social Media Mentions

Groestlcoin (GRS) Reddit Feed


This page was last updated on 6/21/2018 by MarketBeat.com Staff

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