1H
-0.32%$0.0012
24H
-0.38%$0.0014
7D
1.67%$0.0060
30D
24.4%$0.0711
Groestlcoin is a cryptocurrency which has a ticker GRS and appeared in 2014 as a result of the fork of Bitcoin. The creators of the project are convinced that decentralization is a key condition for the success of any coin, and it should be supported by as many private miners as possible, rather than large pools or mining companies. To achieve the stated position, Groestlcoin uses a mixed consensus method – PoW and PoS. Proof-of-Work works using the Groestl algorithm, which effectively counteracts ASIC mining. In turn, Proof-of-Stake can be used for cryptocurrency mining – simply by storing funds on account, users can get about 2% per year. The total projected number of coins, with 105 million reward for the first extracted block equal to 512 tokens, and after every 10000 blocks, this number is reduced by 6%. Intra-network transfers are characterized by high speed and the absence of any commission.
Seeing increasing public attention Ethereum gets, you may start asking yourself what’s so special about it and why it attracts organizations and individual investors alike. Check out our guide to learn the key information one should know about Ethereum.
Here, we provide a guideline on the Difficulty Bomb – one of the features integrated into Ethereum that describes the increasingly difficult levels of the mining algorithm which miners need to solve to get rewards on the blockchain.