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At present, most cryptocurrency insiders take it for granted that Bitcoin has shown an early promise as a system and an attached motto that was accessible to just about anyone. You do not need to confirm a bank account or display a photo ID card to download a Bitcoin wallet.
In fact, users still do not have to do either, but the difficulty of extracting or even obtaining Bitcoin can be a problem for some users. Not everyone can afford powerful mining platforms based on Asic or go to the markets. Here is Groestlcoin taking off as the demand for efficient cryptocurrencies grows.
Investors may be starting to notice that Grostlcoin (GRS) has a dedicated team dedicated to creating crypto-currencies that promise to be useful to everyone, even if they do not. Can not afford to buy a minor, open a bank account or Bitcoin Exchanges. Its value has recently surged by an impressive amount and currently stands at just over 11,000 Satoshis.
The Groestlcoin team introduced the concept that people should be able to access cryptocurrency extraction even if they only own one computer used laptop.
This is the first cryptocurrency to introduce the Asic-resistant, CPU-based algorithm known as Groestl. It has also introduced algorithms designed to combat the problems caused by the operation of multi-pools in order to make the system more accessible to smaller mining basins and individual miners.
This can make Groestlcoin attractive for people in developing countries who might be willing to try to operate a cryptocurrency of low value and low difficulty with a cheap mobile device and access at cheap electricity.
More recently, Groestlcoin has become one of the first cryptocurrencies to become compatible with Lightning Network and claims to be the first cryptocurrency to integrate SEGWIT.
Credible? Maybe, maybe not, but SEGWIT has been added to a January 2017 update of Groestlcoin. In any case, Groestlcoin promises that recent updates will keep transaction fees super low, especially when the current value is factored in. Thousands of GRS can be transferred for as low as 0.000045 GRS. Anyone who wants to send money home could theoretically be attracted to lower fees than Western Union and even lower than Bitcoin's if they can be convinced of the usefulness of Groestlcoin.
Does he spend?
Groestlcoin has not yet seen the large-scale adoption of Bitcoin and Litecoin. On the one hand, it is not listed on ShapeShift. On the other hand, it is listed as one of the cryptocurrencies that Coinpayments [i] gives its member traders the opportunity to accept. The question here is whether merchants are aware of Groestlcoin's existence and how that can help them find more sales.
The Groestlcoin team makes a mistake by not focusing enough on the benefits for traders who can operate in less privileged communities.
An impoverished young man might think that it's cool that he can tap the RCMP on an old laptop while chatting with friends on Facebook and sucking at the local public library, but it will be turned off & on. He can not spend it at the local pizzeria.
If Groestlcoin can not be used to buy pizza with extra cheese, it will fall flat on his face. This means that the Groestlcoin team will have to market to the traders at least as much as it sells to those who can not afford high-end mining platforms and who can not afford it. she wants to have a viable cryptocurrency.
This is not an insurmountable problem if Groestlcoin can push the fact that it can be placed next to Bitcoin and higher altcoins using coin payments.
Companies may be interested in cryptocurrency faster than Bitcoin and charge lower fees per transaction than credit cards. This is especially true for companies that only accept cash or whose owners have lost their illusions with their credit card processor, and most of them will be quite legitimate.
I ate at restaurants that do not accept credit cards. Cryptocurrencies like Groestlcoin that are designed for micropayments in a way that Bitcoin can not start filling these markets if they have a savvy marketing team.
If the Groestlcoin team realizes this thing about increasing their cryptocurrency in the list of higher altcoins, then I would call it a viable cryptocurrency that deserves to be Be monitored.
According to technical specifications, it might be attractive to people who like the promise of cheap and fast deals, but have been disappointed with Bitcoin. Its new features include GPU extraction, Lightning network compatibility and SEGWIT integration.
Now, it just takes a good advertising campaign to make it more prevalent among traders who might be interested in cryptocurrency integration and that make it even more attractive to investors.
Thank you for reading!
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