Groestlcoin (GRS) is a fast and secure coin with almost ZERO fees. Launched on 22nd of March 2014 with a focus on technological advancement, Groestlcoin is SEGWIT and 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. 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. Groestlcoins are created by miners on its network as a reward for confirming transactions. The founder pointed that only 105 million Groestlcoins (GRS) will ever exist when all the coins are mined. (1) Continuous development! Every 3 months the development team releases new features and updates. (2) Groestlcoin is a blockchain pioneer due to it being the first coin that activated SEGWIT (January 2017) and TAPROOT. (3) Enabling Lightning Network, Groestlcoin gets almost ZERO fee transactions, instant payments, scalability and Atomic Swaps. The fee for transferring 10,000 GRS will be 0.000045 GRS.

Development Team Lead: JACKIELOVE4U