Created in 2014, Groestlcoin is a cryptocurrency based on Proof-Of-Work System. Designed for daily usage, Groestlcoin has an average one-minute block time, compared with Bitcoin’s 10. As a result, the supply has a maximum total of 105 million coins, compared to 21 million for Bitcoin. Groestlcoin was built mainly by building an electronic payment scheme based only on mathematical evidence. It makes safe online money transfers possible using the Proof of Work System (POW). This is a system independent of centralized authorities’ influence.
FEATURES
- The crypto-currency works on a peer-to-peer architecture as open-source software (direct payer-payee transactions).
- No trusted middleman is required to validate the sender and receiver details for such a bank or PayPal.
- The transactions are confirmed with nodes (the computer/user networks dispersed worldwide) and documented in an open directory.
WHAT DOES IT AIM TO SOLVE?
Groestlcoin seeks to be more functional for daily payments with a shorter block time than Bitcoin. The traders do not have to wait for ten minutes to ascertain if their payment has been received or not. The fall in hash rate intensity also allowed Groestlcoin to be exploited by less computer-powered persons. However, firms and teams built Groestlcoin ASICs, though more expensively than the creation of Bitcoin ASICs. Instead of being a simple fork, Groestlcoin is also developing and adding to the conversations about the Bitcoin network, which was really one of the earliest supporters of numerous essential characteristics, including Segregated Witnesses.
GROESTLCOIN (GRS) SUPPORTED WALLETS
For Groestlcoin, there are many wallet choices accessible. The most favorable wallets for each category have been mentioned here:
ATOMIC WALLET
Atomic wallet supports Groestlcoin now! Atomic Wallet is a completely decentralized, multi-monetary, and handy application that supports more than 300 cryptocurrencies with a simple UI. You are seeking Bitcoin, Ethereum, Ripple, Litecoin, EOS, and Tron wallet. This is the finest alternative. In addition, Atomic works properly for any app list of cryptocurrencies. Secure your crypto right in your palm, manage and swap it.
Features –
- Outstanding safety: Your private keys are encrypted and never leave your device. Only your money may be accessed. Atomic is built on common libraries of open source.
- Decentralization and anonymity: Atomic is a program that is completely decentralized. This wallet does not save your data, no basic services verification is required.
- Instant exchange and Staking: a variety of coins and flags can be exchanged with another click alone. It does not require external services. Changelly&ShapeShift supplied by ChangeNOW.
Claim your free 15 Atomic Wallet Coin (AWC):
- Download Atomic Wallet and complete the setup.
- go to setting->airdrop
- fill your email id and use p 172G5R to get 15 free AWC coins.
LEDGER WALLETS
Groestlcoin supports both Ledger Nano S and Ledger Nano X Hardware Wallets. With the most popular, multi-device hardware wallet on the market protect your crypto holdings. The Ledger Nano S is designed around a safe chip and guarantees maximum safety. The NanoX Ledger delivers the latest security: inside the certified safe component of the device (CC EAL5+), which is the same chip used for extremely safe applications like credit cards and passports, your personal keys are separated safely. Buy Ledger wallet now!!!
Features –
- The safest and most comfortable way to secure your Groestlcoin (GRS).
- These hardware wallets are intended specifically for the safe storage of private keys.
- They are regarded safer, especially because they don’t connect to the Internet at any stage, than desktop or smartphone wallets.
- These wallets reduce attack vectors for malevolent individuals greatly, because it means they cannot disturb the gadget from afar.
Related Post: 25+ Best Bitcoin hardware wallets
TRUST WALLET
The Grostelcoin Team welcomes Trust Wallet. GRS may now be sent from your mobile crypto wallet, requested, and stored. Trust Wallet is another popular Binance-supported multi-crypto wallet. It is a mobile wallet supporting mobile phones, including iOS and Android. With a nice interface, this basic open-source bag is easy to use. As with Atomic wallet, it is a secure wallet that supports several coins and tokens, together with the PoS coins stacking capability. Trust wallet is also equipped with integrated exchange to let users move between cryptos in their wallets.
Features –
- This wallet is compatible with several currencies like ETH, ERC20, ERC223, ERC-721, BEP2 token, etc.
- Easy interface.
- The DEX and the Kyber Network protocol may be used to exchange currencies.
- The app also contains a Web3 browser so users may connect with decentralized apps (DApps)
- The wallet may be filled with biometric authentication, including a PIN and fingerprint scan.
- This wallet helps stack proof currencies.
COINOMI WALLET
GRS has also collaborated with Coinimo Wallet. It is an impeccable, reliable service with the utmost assistance – everything without expense to the consumer. Coinomi demonstrates unequaled interoperability for several SegWit-enabled blockchains between legacy and native accounts. This is linked to the integration of strategic partners. The features include a token sale process, forks, and airdrops automatically included; immediate access to currencies is provided. Coinomi lets you send and receives over 1,770 distinct cryptocurrency assets. In February 2019 the wallet earned an excellent reputation for cryptocurrencies apart from a safety problem that was uncovered and solved.
Features –
- For incoming or outgoing transactions, Coinomi has zero costs.
- Coinomi is a software that’s 100% free. The latest version of the desktop may also be accessed on Windows, Linux or Mac OS.
- The Café is straightforward to use, especially for beginners who may have their first digital assets (s).
- The integration of both ShapeShift and Changelly makes long-term crypto-monetary investing easier for users.
- Coinomi is 100% noncustodial and its users are 100% really owned.
EDGE WALLET
Groestlcoin has been included in the Android and iOS Edge wallet. The Edge Wallet is ideal for people that desire a cryptocurrency wallet that is easy to use and that can be carried anywhere. It is a wallet built for the common user by giving an easy user interface with a minimum setup and installation process. The wallet was developed to foster new and novice cryptocurrency enthusiasts in mainstream and major markets. Innovative security features and crypto-asset trading capabilities will nonetheless also make expert users enjoy the platform.
Features –
- The Edge wallet may not be as safe as a hardware wallet, but it has novel security features never seen in the past from a mobile crypto-monetary, web-based, or desktop wallet.
- The user interface is easy and easy to use and is created with ease of use in mind. Benefit from the main dashboard panel, users may create and utilize numerous wallets. Your balance sheets may easily be viewed and your portfolio managed.
- In addition to the store, transfer and get cryptocurrencies, users may also swap cryptocurrencies while on their wallets. This exchange function allows users to move first while markets are in operation.
