What Is Garlicoin (GRLC)?

Garlicoin (GRLC) is a cryptocurrency that focuses on creating an ecosystem that aims to facilitate cheap and quick transactions. At the same time, the platform aims to provide a low barrier entry and complete focus on the community. The facility of 40-second block time seeks to enable superfast transactions, and the ASIC-resistant algorithm allows anyone to mine with consumer-grade hardware.

Further, Garlicoin (GRLC) endeavors to be a garlic-themed decentralized cryptocurrency that works on an ASIC-resistant proof-of-work (PoW) algorithm. ASIC is an application-specific integrated circuit fashioned to prevent users from mining coins with ASIC equipment. By doing so, Garlicoin aims to deploy rapid difficulty readjustment and allow network coins to be mined on consumer-grade hardware. As the platformquotes, this results in providing the users with hot out-of-the-oven and ready- to-serve buttery goodness.

According to the website, the Garlicoin community wants to develop a cryptocurrency capable of revolutionizing the existing meme coin market. A crypto asset based on a meme or created as a joke is called a meme coin. Thus, it can be said that Garlicoin is a community-oriented meme coin. 

Next, Garlicoin seeks to use advanced copy-and-pastes for wallet encryption to aim to keep your assets safe from bad players. These advanced copy-and-pastes generate an access code for the platform service. The GRLC token (the native currency of Garlicoin) is developed to be used for receiving the access code. Additionally, the platform’s feature, Garlicoin Faucet, seeks to allow the network users to gain rewards in the form of GRLC every eight hours.

History of Garlicoin (GRLC)

The idea behind Garlicoin was generated back on December 25, 2017, by a Reddit influencer DigitalizedOrange. The Garlicoin community worked upon the idea and launched the mainnet on January 21, 2018. The platform aims to publish its whitepaper in early 2022, followed by an iOS wallet launch in the 2022-Q2 phase. The maximum total supply for GRLC is 69,000,000, and these are the only tokens ever to be produced.