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Groestlcoin

Groestlcoin

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

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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. 

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