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Groestlcoin is a peer-to-peer cryptocurrency that operates on a proof-of-work blockchain, designed to be faster and more secure than Bitcoin through its use of the Groestl hashing algorithm. Key features include relatively fast block times of 60 seconds, a finite supply cap of 105 million coins, and a focus on being resistant to ASIC mining to promote decentralization and broader accessibility. What distinguishes GRS is its emphasis on practical utility, privacy options, and community-driven development, positioning it as an alternative cryptocurrency for those seeking faster transactions and a more egalitarian mining process compared to major cryptocurrencies.