Garlicoin price is $0.01175456
| Market Rank | #2727 |
|---|---|
| Market Cap | $ 0.8M |
| Volume 24h | $ 73.5 |
| Circ. Supply | 68.4M |
| Total Supply | 69.0M |
| Max Supply | ? |
| Genesis Date | 16/1/2018 |
Garlicoin (GRLC) is currently valued at $ 0.01175456, experiencing a -7.28% change in the last 24 hours. The volume of Garlicoin traded in this time period was 73.5. Remember, cryptocurrency prices are highly volatile and can change rapidly.
Garlicoin (GRLC) is a digital cryptocurrency that was born from the humor and wit of Reddit users. Technically a meme coin like Dogecoin, Garlicoin offers some unique features that set it apart. Offering inexpensive and speedy transactions, its emphasis is on maintaining an inclusive and engaged community and providing a low entry threshold. This enables the average user, even with moderate equipment, to participate and contribute to the Garlicoin network.
The genesis of Garlicoin emerged from a joke on Reddit, where users combined their affinity for garlic bread and cryptocurrencies into one. The coin was created to highlight that cryptocurrencies could be fun and accessible, not just a high-stakes game for financial institutions and investors with deep pockets.
Garlicoin operates on a proof-of-work consensus algorithm similar to many other cryptocurrencies. This makes it resistant to ASIC (Application Specific Integrated Circuit) mining, thus keeping the mining process democratic and within reach of regular users with typical Graphic Processing Units (GPUs). Garlicoin has a 40-second block time, allowing for ultra-fast transaction confirmations eagerly embraced by the community.
Being born out of the community, GRLC's unique selling point lies in its approachability and focus on engagement. It uses a proof-of-work algorithm, ensuring that the mining is accessible to individual users and not just large mining pools. It boasts of very low transaction times and fees. However, one key differentiation for Garlicoin is its sense of humour, aiming to make digital currency more fun and relatable.
68.4M Garlicoin coins are currently in circulation. The total supply is capped at 69.0M, following which no new Garlicoin will be mined. Remember, cryptocurrency supply conditions can greatly impact both current and future prices.
Garlicoin (GRLC) can be purchased on the CREX24, TradeOgre. As with any cryptocurrency purchases, always ensure to use a reliable exchange platform and to store your coins in a secure, preferably offline, wallet. However, do considerable research or seek financial advice before engaging in any cryptocurrency transaction.
It's crucial to ensure the security of your Garlicoin just as you would any other cryptocurrency. The best security practices include storing it in a secure wallet (not on an exchange), using a personalized, offline wallet if possible, routinely backing up your wallet's private keys, and being cautious to avoid phishing attempts or dubious platforms. It's also advisable to keep your software up-to-date to ensure you have the latest security updates.
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