Basics:
1)Launched in March 2014, Groestlcoin is a digital peer to peer currency based in different parts of the world
2)Groestlcoin focuses on the decentralization of mining through ASIC (Application Specific Integrated Circuit) AND multi-pool resistance
3)No expensive hardware or extreme use of energy is needed to mine this coin, AND their algorithm allows users with CPU hashing rates to turn a decent profit (This is one reason why its called the People’s coin)
4)Leading the Groestlcoin team is Gruve_P — Igor from Holland. Since this coin is privacy oriented, that means the identity of the team is also concealed. Taking a play out of Satoshi Nakamoto’s playbook
The Groestlcoin team currently has 10 additional developers working on the project full time
5)The team also has 10 additional social media managers and administrators
6)The team is also VERY transparent. They consistently hold development updates every 3 months, and provide a real time roadmap update of their plans to the community
Drivers of Growth:
1)Groestlcoin is one of the most decentralized coins in the market place because it is ASIC and multi-pool resistant, meaning the mining of this coin cannot be done with expensive hardware, plus this limits the amount of forks that can occur on their blockchain.
2)As a point of reference, Bitcoin can be mined with ASIC hardware, allowing people to centralize the hashing power, and multiple forks have occurred on the Bitcoin Blockchain.
3)The Groestlcoin team has wallets on literally every single platform imaginable. This makes it absolutely accessible to any type of person around the world.
4)Groestlcoin is the first cryptocurrency to be SegWit activated, so users can benefit from faster transaction times, AND to have their protocol Lightning Network ready, eventually giving users the ability to have instant payments, scalability, and Atomic Swaps.
Groestlcoin’s mining difficulty gets increased 6% each week. This makes the coin perfect for long term appreciation and discourages pump and dump schemes
Groestlcoin gives users the ability to make private and anonymous transactions through their Samourai wallet
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