What is Groestlcoin (GRS)? The Privacy-Focused Crypto With Lightning Network and No ASICs

Most people know Bitcoin. Some know Ethereum. But Groestlcoin (GRS) is one of those quiet, technical coins that quietly built some of the most advanced features in crypto - years before others even tried. If you're looking for a cryptocurrency that prioritizes privacy, speed, and real-world payments over hype, Groestlcoin might be exactly what you’ve been overlooking.

What Groestlcoin Actually Is

Groestlcoin (GRS) is a peer-to-peer digital currency launched in 2014. It’s not a copy of Bitcoin with a new logo - it’s a fork designed from the ground up to fix Bitcoin’s biggest problems: slow transactions, high fees, and centralized mining. The creators wanted a coin that regular people could mine on their home computers without needing expensive ASIC machines. They also wanted transactions to be fast, cheap, and private - not just technically possible, but actually usable in daily life.

Unlike Bitcoin, which uses the SHA-256 algorithm, Groestlcoin uses the Groestl-512 hashing function. This algorithm was developed at Denmark’s Technical University and was specifically chosen because it’s hard to optimize with ASICs. That means no big mining farms dominate the network. Instead, thousands of individual miners using GPUs keep the network decentralized. That’s not just a technical detail - it’s a political statement. Groestlcoin believes decentralization means power to individuals, not corporations.

How Groestlcoin Works: PoW + PoS

Groestlcoin doesn’t rely on just one way to secure the network. It uses a mix of Proof-of-Work (PoW) and Proof-of-Stake (PoS). You can mine GRS like Bitcoin, but you can also earn rewards just by holding coins in your wallet. The PoS system gives you about 2% annual interest - no staking pools, no locking periods. Just keep your coins in a compatible wallet, and you get paid.

The mining reward started at 512 GRS per block in 2014. Since then, it’s been slowly reduced by 6% every 10,000 blocks. Today, miners earn just 5 GRS per block. This gradual reduction avoids the sharp halvings that cause price spikes and crashes in Bitcoin. The total supply is capped at 105 million GRS. As of October 2025, about 88.7 million are already in circulation - meaning over 84% of all coins have been mined.

Why Groestlcoin Is Technically Ahead of Most Coins

Groestlcoin didn’t wait for others to catch up. It was the first cryptocurrency to activate Segregated Witness (SegWit) in January 2017 - two years before Bitcoin did. SegWit fixes transaction malleability and increases block capacity without changing the block size limit. Then, in 2021, it became the first coin to implement Taproot - a major upgrade that improves privacy and enables more complex smart contracts. Bitcoin didn’t get Taproot until September 2021.

It also integrated the Lightning Network early. That means you can send GRS instantly, with fees so low they’re almost invisible. Sending 10,000 GRS (worth around $2,200 at current prices) costs between 0.000045 and 0.00019 GRS - that’s less than $0.0003 in fees. That’s not just cheap. It’s revolutionary for micropayments. Imagine paying a few cents for an article, a song, or a video tip - without the bank taking half.

And then there’s privacy. Groestlcoin routes all transaction data through 40 TOR servers before it hits the blockchain. This hides your IP address and makes it much harder to trace who sent what to whom. Combine that with Lightning Network’s payment channels, and you’ve got one of the most private payment systems in crypto.

Wallets, Accessibility, and Real-World Use

Groestlcoin has had mobile wallets since day one - 2014. That’s longer than most major coins. You can use GRS on Android, iOS, Windows, macOS, Linux, ChromeOS, and even through web wallets. The official Groestlcoin Core wallet is open-source, secure, and supports both full nodes and lightweight modes. There’s even integration with Bitcoin Armory for users who want extra security for large holdings.

This isn’t just about being compatible - it’s about being usable. Groestlcoin was built for payments, not speculation. You can use it to buy things online, tip content creators, or send money across borders without waiting days or paying $50 in fees. The low transaction cost and fast confirmation times make it ideal for everyday use.

Market Performance and Supply

As of October 31, 2025, Groestlcoin is ranked #841 by market cap with a value of $19.67 million. The price is around $0.2218 per GRS. That’s a long way down from its all-time high of $2.79 in April 2021 - a 92% drop. But it’s also up over 368,000% from its all-time low of $0.00006022 in 2014.

The 24-hour trading volume is only $96,020. That’s low. It means the market isn’t liquid. If you tried to sell a large amount of GRS, you’d likely see the price drop fast. That’s not a sign of weakness - it’s a sign of a community-driven project with little institutional interest. The people who hold GRS are usually in it for the tech, not the price.

The fully diluted valuation (FDV) is $23.29 million, based on the full 105 million supply. The volume-to-market-cap ratio is under 0.5%, which means trading activity is minimal compared to the total value. That’s typical for niche coins with strong technical credibility but limited mainstream attention.

Who Is Behind Groestlcoin?

There’s no company. No VC funding. No celebrity endorsements. Just a team of over 20 developers who release major updates every three months. That’s an aggressive schedule - most crypto projects release updates once a year, if they’re lucky. Groestlcoin’s team pushes new features, security patches, and wallet improvements on a predictable, reliable cycle. That kind of consistency is rare.

The community is small but deeply engaged. Forums, Discord, and GitHub activity show real technical interest. People aren’t just buying GRS hoping it’ll pump. They’re using it, testing it, and building on it. That’s the kind of organic growth that lasts.

How Groestlcoin Compares to Bitcoin

Is Groestlcoin Worth It?

If you’re looking for a coin that will make you rich overnight - no. Groestlcoin isn’t that. It’s not on Coinbase. It’s not in ads. It doesn’t have a marketing budget.

But if you care about:

• True decentralization (no ASICs, no mining pools)
• Fast, near-free transactions
• Privacy built into the network
• Real innovation (first to SegWit, Taproot, Lightning)
• Staking rewards just for holding

Then Groestlcoin is one of the most underrated projects in crypto. It’s not trying to be the next Bitcoin. It’s trying to be the best payment network - and it’s already ahead of most.

The fact that it’s still alive, still updating, and still growing its user base after 11 years says more than any price chart ever could. This isn’t a speculative token. It’s a working tool - built by developers, used by real people, and maintained with discipline.

How to Get Started With Groestlcoin

To start using GRS:

1. Download the official Groestlcoin Core wallet for your device (Windows, Mac, Linux, Android, iOS).
2. Buy GRS on exchanges like TradeOgre, CoinExchange, or SouthXchange.
3. Send or receive GRS - fees are negligible.
4. Enable staking by keeping your wallet unlocked and online.
5. Use the Lightning Network for instant payments.

No need to overcomplicate it. The wallet is simple. The process is straightforward. And unlike most coins, you don’t need to be a tech expert to use it.