Golden
Groestlcoin

Groestlcoin

Groestlcoin is an ASIC resistant proof of work currency cryptocurrency focused on resource efficient mining, security, and privacy.

Groestlcoin is a blockchain and software development company founded by Igor Janson that launched their Grostlecoin privacy cryptocurrency on March 22, 2014. According to Groestlcoin's website, Groestlcoin was the first cryptocurrency coin to support segregated witness on its blockchain and have the first Lightning Network mainnet transaction.



Groestlcoin mining is decentralized with a focus on using multi-pool resistance, ASIC (Application Specific Integrated Circuit), and CPU hashing rates which make it cheaper to mine compared to using traditional GPU hashing rates found in other blockchain projects such as Bitcoin and Ethereum. Groestlcoin uses a Proof-of-Work (PoW) consensus mechanism and has a block time of one minute. The mining difficulty of Groestlcoin is adjusted 6% every week in order to discourage pump and dump schemes. 



Groestlcoin allows users to make anonymous transactions using the Samourai cryptocurrency wallet. Groestlcoin also makes their own cryptocurrency wallet, called the GroestlPay wallet, that can be used on Android, IOS, BlackBerry, Windows, macOS, Linux, ChromeOS, and web based wallets. 

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Igor Janson

Founder & Lead Developer



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