1H
-0.12%$0.0003
24H
-0.77%$0.0017
7D
-10.4%$0.0260
30D
-19.8%$0.0554
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.
Decentralized finance has been at the center of the cryptocurrency blaze recently, and the liquidity pool is an essential aspect of DeFi. In this article, we’ll be describing the concept of liquidity pools, explain why we need them and how they work.
Since newly launched Instagram Reels seems to have many similarities with a competitor social media giant TikTok, in this guide, we’d like to explain what Instagram Reels brings to the market in comparison with the latter.