The Groestlcoin digital currency was introduced to the cryptocurrency community in March 2014. The main GRS goal is to ensure equal mining channels for every user and promote the use of cryptocurrencies. Based on the Proof-of-Work (PoW) protocol, the platform is used to easily and securely transfer digital funds between system users. According to the founders, the transaction fees are very low, which make the Groestlcoin platform attractive for traders who like to play on price changes and market dynamics. The Groestlcoin decentralized network has a great accessibility for the average user and offers an advanced security system against hacking. Moreover, it has created its own mining algorithm called Groestl and has several different wallets for storing mined coins.