Grøstl Coinit’s first cryptocurrency with Grostl algorithm that appeared on the market with an optimized code for a highly optimized GPU/CPU mining and resilient to ASIC’s.It was quickly picked up by older coins like Diamond Coin also it was included in new multi-algorithm coins like Myriad where Groestl it’s included as an optional algorithm that you can mine on . All that showing that it was a very successful algorithm that was embraced by all kinds of cryptocurrencies for its efficiency on GPU’s with low heat and high output , maintaining your hardware safe & profitable .
About its name . What is it meaning ?
The name “Grøstl” is a multilingual play-on-words, referring to an Austrian dish usually made of leftover potatoes and pork, cut into slices. These are roasted on a pan together with onions and butterfat. The dish is often seasoned with salt, pepper, marjoram, cumin, and parsley, and served with a fried egg or kraut (cabbage). The pronunciation of Grøstl may seem challenging for some of us. If you think so, then think of the letter ‘ø’ as the ‘i’ in “bird”. This letter is a so-called close-mid front rounded vowel.
The design of Grøstl is transparent and based on principles very different from those used in the SHA-family.The two permutations used are constructed using the wide trail design strategy, which makes it possible to give strong statements about the resistance of Grøstl against large classes of cryptanalytic attacks. Moreover, if these permutations are assumed to be ideal, there is a proof for the security of the hash function.
Can and is accelerated by the hardware AES support present in most modern Intel CPUs, which helps reduce the efficiency gap between a CPU and other implementations. Groestl (old GPU/CPU) – Groestl makes a wide range of tradeoffs between throughput, latency, and power consumption. Because of this, groestl uses less power per hash than other algos. Due to the less complex hashing, Groestl performs well on older GPU’s as well as CPU’s. More info: http://www.groestl.info/Groestl.pdf
Grøstl Achievements & Future Plans
Their future plans include an Android Wallet and more spread on the e-commerce market since they are included in service like Coinpayments.net & AltAccept.com to offer an ease access to merchants accros globe to accept Grostl , also on Coinpayments you can find a directory where Groestl and other currencies are accepted . They have done some amazing projects too like an Android Grostl Miner, Paper Wallet , Has 3 kinds of BlockExplorer , Android Price Ticker , their own Official MultiPool and all kinds of services that a serious coin needs around it with serious intentions in the plan . Also some other near future plans are to make Groestl PoW/PoS Hybrid and GroestlSend (Anonymous Transaction Service) with the help of an well known member of cryptocurrency , MindFox that was developer for Whitecoin & Clean Water Coin , i am sure that they will succeed it without any worries .
Grøstl Specification & Social Information
- Block Time: 60 seconds
- Difficulty Retarget: every block
- Difficulty adjustment: Dark Gravity Wave 3 (multipool resistant)
- Confirmations on Transactions: 6
- Mined coins mature in 140 blocks
- Fees: Minimum transaction fee of 0.02 GRS
- Stake Interest: 2% annually
- Min stake age: 5 days
- Max stake age: 40 days
- Secure and Open Source
- GPU and CPU friendly (GPU is just 10-20 times faster than CPU, for example Intel Core2Quad 9550 = 1.18Mh/s; Radeon R9 280X = 15Mh/s, Radeon R9 290 = 17 Mh/s)
- Lowest energy and heat when GPU mining (even lower than X11 algo)
- No multipools
Fast & very secure specifications with added multipool resistance and minimal stake age of 5 days and 2% annual interest .
Grøstl Final World – It has potential and hardworking development team that so far had stand up for almost 3 months doing improvements and bringing new services to it . It looks like a cryptocurrencies that could stand well in anyone portfolio without worries for some time .
If you liked our GRS article , this is our GRS address for tips : FVLt9tGNd8KbrDWFpSq8ioGVNtoAiJ4RTR