Groestlcoin
GRS
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Groestlcoin (GRS) is a veteran Proof-of-Work Layer-1 blockchain established in March 2014, focused on high-speed and low-fee transactions. The project demonstrates a notable engineering posture, boasting over a decade of continuous development, disciplined quarterly core releases, and active wallet maintenance. Its tokenomics follow a transparent, capped PoW issuance model (105M GRS) with no insider token allocations or vesting overhang. Security history remains solid with zero reported protocol-level hacks or exploits across its operational history, though independent core protocol audits remain absent. On the other hand, GRS faces significant commercial headwinds: it operates in an oversaturated payments niche against dominant legacy competitors, has experienced low organic community engagement with obsolete communication channels, and has suffered significant market drawdowns. With no qualifying red-flag catastrophic events identified, the overall score is derived from the weighted average of all six complete sections.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Groestlcoin (GRS)
Groestlcoin (GRS) is an independent Layer-1 Proof-of-Work (PoW) blockchain launched on March 22, 2014, that utilizes the Groestl hash function. Developed primarily as a digital currency for payments, the network emphasizes fast block times and low transaction fees. It incorporates scalability and feature upgrades including Segregated Witness (SegWit), Taproot, and Lightning Network compatibility. Groestlcoin has a fixed maximum supply of 105 million GRS, with new coins emitted exclusively through block mining that halves every 210,000 blocks, without pre-mines, insider allocations, or formal vesting schedules.
The project's software ecosystem is maintained by a core development team with regular releases across client implementations such as Groestlcoin Core, Electrum-GRS, GRSPay, and mobile wallet applications. Governance is centralized within the core developer group, lacking an on-chain DAO or formal decentralized voting framework. While a related JavaScript hashing library (noble-hashes-grs) received a public audit by Cure53 in January 2022, no independent third-party audits of the complete core consensus protocol have been conducted. Across its operating history, the network has maintained a clean security record with no reported protocol-level hacks or exploits.
Groestlcoin operates in an oversaturated payments sector alongside larger Proof-of-Work networks such as Bitcoin and Litecoin. The project has faced commercial and liquidity challenges, including an acknowledged delisting from Binance, thin market adoption, and reduced organic community engagement. Market data also reflects substantial valuation decline, with the asset trading approximately 97% below its historical peak.