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Author Topic: [ANN] galilel.org [GALI][BOUNTI] - MN/PoS/zPoS Hybrid-Dynamic Zerocoin Staking  (Read 3730 times)

Babyface

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[ WEBSITE  |  EXPLORERS  |  GITHUB  |  INFO  |  WHITEPAPERS  |  WALLETS  |  SOCIAL MEDIA CHANNELS ]

[ GALILEL COIN ]

Galilel Coin (GALI and zGALI) is an open-source public and private Proof-of-Stake digital crypto currency for fast (using SwiftX), private (Zerocoin protocol) and secure micro transactions. Our main goal is to create a decentralized fully secure and anonymous network to run applications, which do not rely on any central body control. By having a distributed system, thousands of users will be responsible for maintaining the application and data so that there is no single point of failure.

While Zerocoin solves the traceable reward generation problem, Galilel will implement hybrid mobile Proof-of-Stake (ghPoS) for public and private coins. The Term Deposit (gTD) function allow to lock coins for a certain period and generate predictable rewards. Masternode owners get the possibility to vote for reward reduction or complete burning for a specific period to reduce coin generation. The Galilel Money Supply Control (gMSC), effectively Proof-of-Burn v2 burns only rewards, never term deposits and development budget. The period for coin burning will be 1 month with a range between 0% - 100%. Every month is applicable for voting. Galilel Instant On Masternode (gIOMN) implements a shared blockchain to run one-to-many wallet daemons in a client server model. It is comparable to "Instant On" model available in Electrum client.

With early release of Galilel wallet v3.1.0 we delivered the worlds first crypto currency which has proportional Zerocoin Proof-of-Stake (zPoS) rewards depending on the block reward!

[ COIN SPECIFICATIONS ]
________________________________________________________________________
DescriptionParameter
Coin nameGalilel
Coin tickerGALI
Hash algorithmQuark
Consensus algorithmPoS + zPoS Hybrid
Coin typePoW/PoS/zPoS/MN
Wallet letterU
Block size2 MB
Block time60 Seconds (Re-targeting every block)
RPC port36002
P2P port36001
Minimum staking age2 hours
Maturity120 confirmations
Send eligibility6 confirmations
Masternode collateral15,000
Last PoW block1,500
Rewards (till block 1,500)MN 60%, PoW 40%
Rewards (till block 205,000)MN 60%, PoS 40%
Rewards (from block 205,001)MN 70%, PoS 30%
Max Coin Supply (January 2020)19,035,999 GALI
Max Coin Supply (January 2030)45,315,999 GALI
Max Coin Supply (January 2040)71,595,999 GALI
Max Coin Supply (January 2050)97,875,999 GALI
Dynamic Coin SupplyTransaction fees & zGALI minting fees are burnt
Community donation address (BTC)13vZmvxWcpMxZPr2gtf4QBS8Q2En6kB3mo
Community donation address (GALI)UUr5nDmykhun1HWM7mJAqLVeLzoGtx19dX
Community donation address (LTC)MAfouCFTBX4hJWTmAvTpFSuwzUZr4gtxDv
Community donation address (DOGE)DFY1iAcbX8uQDaFAFQckSGJfYBb6QzTuMi
Dev Budget (from block 250,001)10% in monthly superblock
Multisig Dev Budget address (GALI)7U3FMDhKv4j5bzauurPoX1TtqE7hPowSJi

[ ZEROCOIN SPECIFICATIONS ]
________________________________________________________________________
DescriptionParameter
Zerocoin v1 activationblock 245,000
Zerocoin v2 activationblock 245,000
zGALI automint10%
zGALI rewards (from block 245,001)1 zGALI
zGALI rewards (from block 340,001)MN 40%, zPoS 60%
zGALI rewards (from block 430,001)MN 40%, zPoS 60%
zGALI denominators1, 5, 10, 50, 100, 500, 1000, 5000
Accumulator modulusRSA-2048
Maturity240 confirmations
Send eligibility20 confirmations
Fees (mint)0.01 GALI per minted zGALI denomination
Fees (spend)No fee

[ PROOF-OF-WORK REAWARDS BREAKDOWN ]
______________________________________________________________________
StagesBlock HeightRewardMNPoWCoin SupplyPeriodStage End
Stage 1Block 1220,000 GALI60%40%220,0000 days2018-05-25
Stage 2Block 2-1,5001 GALI60%40%221,4991 day2018-05-26

[ PROOF-OF-STAKE REWARDS BREAKDOWN ]
______________________________________________________________________
StagesBlock HeightRewardMNPoSCoin SupplyPeriodStage End
Stage 11,501-12,000100 GALI60%40%1,271,3997 days2018-06-02
Stage 212,001-22,00090 GALI60%40%2,171,3097 days2018-06-09
Stage 322,001-42,00080 GALI60%40%3,771,22914 days2018-06-23
Stage 442,001-100,00070 GALI60%40%7,831,15940 days2018-08-02
Stage 5100,001-160,00060 GALI60%40%11,431,09942 days2018-09-13
Stage 6160,001-205,00050 GALI60%40%13,681,04931 days2018-10-14
Stage 7205,001-250,00025 GALI70%30%14,806,02431 days2018-11-14
Stage 8250,001-340,00013.5 GALI70%30%16,156,00962 days2019-01-15
Stage 9340,001-430,00010 GALI70%30%17,055,99962 days2019-03-18
Stage X430,001-infinity5 GALI70%30%ongoingongoingongoing

[ COMPETITIVE ANALYSIS ]
______________________________________________________
FeatureGalilelDashPIVXROI Coin
Public StakingYNYN
Private StakingYNYN
Instant SendYYYN
Private SendYYYN
MasternodesYYYN
Decentralized Governance VotingYYYN
Variable Reward Distribution1NNYN
Dynamic Zerocoin Proof-of-StakeYNNN
Proof-of-TransactionYNNN
Variable Reward BurningYNNN
Disconnected BlockchainYNNN
Mobile Proof-of-StakeYNNN
Term DepositsYNNY
1 Possible to implement in Galilel using Seesaw algorithm

[ COMMUNITY ]

Get in touch with the core team of Galilel, join our Discord channel, follow us on Twitter, Facebook, Reddit, Medium or write a post in BitcoinTalk forum.

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[ GALILEL WIKI ]

If you need help setting up master nodes or any other help, you can find it in our Galilel Wiki. There we have summarized FAQ`s, Guides Troubelshooting and further support possibilities.

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[ MARKETING ]

Partners and market capitalisation websites promoting Galilel and providing monitoring or masternode hosting services.

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You can find updated roadmap always on our website at:

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We have not only Desktop Wallets, but also Paper,-Instant and recently an Android Wallet.
At the end of the year an iOS Wallet will extend the wallet options.
All Wallets can you download here:

Wallet Downloads

[ BINARIES ]

We release new wallets with new features frequently as we are a blockchain development coin.
To simplify maintenance you can always find latest version at our website.

[ REPOSITORIES ]

Galilel repositories include wallet, backend and daemon source as well as media files.

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[ EXCHANGES ]

Galilel Coin can be traded on the following exchanges:

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ALL WHITEPAPER TRANSLATIONS CAN BE FOUND HERE

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[ WHITEPAPER TRANSLATION BOUNTY - OPENED - 2019-02-01 ]

For translating the whitepaper into one of the languages below you will be rewarded with 1000 GALI.
We do not accept the Google translate translations!

The following languages are still required:
Croatian, Czech, Dutch, Filipino, Hungarian, Indian, Korean, Romanian, Slovak, Turkish, Vietnamese

For Word version of whitepaper, please send PM or come to our Discord



[ HELP US TO SPREAD THE WORLD ABOUT GALILEL PROJEKT WORLDWIDE! ]

For translating the ANN into one of the languages below you will be rewarded with 1000 GALI.
We do not accept the Google translate translations!

DONE
Chinese, Croatian, Dutch, French, German, Indonesian, Italian, Russian, Spanish, Vietnamese

OPEN
Arabic, Czech, Filipino, Hungarian, Indian, Japanese, Korean, Polish, Portuguese, Romanian, Slovak, Turkish, Ukraine

[ WEBSITE  |  EXPLORERS  |  GITHUB  |  INFO  |  WHITEPAPERS  |  WALLETS  |  SOCIAL MEDIA CHANNELS ]

______________________________
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Your galilel.org Team
« Last Edit: November 03, 2020, 09:53:30 PM by Babyface »

sidik7

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i will support this project , and became a part on bounty this project
i think this is very potential in future.
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        ▀▀████████▄▄▄▄████████▀
            ▀▀▀██████████▀▀
  Bitcoin 2.0 If Bitcoin was being
started over again, it would most
likely use the superior Ethereum
blockchain
platform.
     
            ▄▄▄████████▄▄▄
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.X10..

faster than its
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‘Bitcoin’
   
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Based on
ETHERIUM
   
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sidik7

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keeping for update , and growing of feature about GALI ,  increasing of your feature make
all community happy for use and growing of value in future,
              ▄▄▄█████████▄▄▄
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        ▀▀████████▄▄▄▄████████▀
            ▀▀▀██████████▀▀
  Bitcoin 2.0 If Bitcoin was being
started over again, it would most
likely use the superior Ethereum
blockchain
platform.
     
            ▄▄▄████████▄▄▄
        ▄▄██████████████████▄▄
      ▄███████▀▀▀▀██▀▀▀▀███████▄
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  █████▀▀                    ▀▀█████
   ▀▀                            ▀▀
 
.X10..

faster than its
pre-decessor
‘Bitcoin’
   
          ▄█▄
         ▄███▄
        ▄█ █ ██
       █▀  █  ▀█
     ▄█▀   █   ▀█▄
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       ▀█▄ █ ▄█▀
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          ▀█▀
 
Based on
ETHERIUM
   
  ▄██████████████▄
▄█▀            ▄ ▀█▄
██      ▄▄▄▄  ██▀ ██
██    ██▀▀▀▀██    ██
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   ████
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    ..PURCHASE NOW..

1971

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I will support this project , and became a part on bounty this project.
I think this is very potential in future. keeping for update , and growing of feature  ,  increasing of your feature make all community happy for use and growing of value in future.   

sidik7

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a good chance for the contributors that have competence in the translator to participate in the campaign of his bounty,
Hopefully in the future there will be different categories more bounty campaign
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        ▀▀████████▄▄▄▄████████▀
            ▀▀▀██████████▀▀
  Bitcoin 2.0 If Bitcoin was being
started over again, it would most
likely use the superior Ethereum
blockchain
platform.
     
            ▄▄▄████████▄▄▄
        ▄▄██████████████████▄▄
      ▄███████▀▀▀▀██▀▀▀▀███████▄
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Cryptogerman1

  • Guest
We are happy to announce our mandatory Galilel v3.3.0 wallet update. The most notable changes are the following:
- Fixed "Wrapped Serials" attack for zPoS
- Minimum Supported macOS Version is 10.10 Yosemite
- Automint Addresses for automatic GALI to zGALI conversion
- In-wallet Proposal Voting
- Zerocoin Lite Node Protocol (ZLN)
- Precomputed Zerocoin Proofs
- Working Unit Test Suite
- Working Regression Test Suite

The protocol change will happen at Tue Apr 23 14:00:00 UTC 2019. Until that time all your wallets (hot and cold) have to be updated. You can find the complete changelog at:

https://github.com/Galilel-Project/galilel/releases/tag/v3.3.0

Please read it carefully as it included sensitive update information.

For more informations about GALILEL,
check our Website or social Media Channels.

Website: https://galilel.cloud
Discord:  https://discord.galilel.cloud
Twitter: https://twitter.com/GalilelEN
Facebook: https://facebook.com/GalilelEN
Telegramm: https://t.me/GalilelEN

Galilel Marketing Team
« Last Edit: April 23, 2019, 09:09:11 PM by Cryptogerman1 »

Cryptogerman1

  • Guest
We've created our first budget proposals. You can see them in your local wallet in Governance tab. Please support us with voting. We will add further explanations for each proposal (existing and upcoming ones) on our website.

Please note: We've identified already a drawback of current masternode budget proposals. They cannot be paid directly to a multisignature wallet. Neither DASH nor PIVX support this. I've added this already to my internal roadmap as it would increase trust in DAO governance significantly. As intermediate solution we will pay the budget to a single signature address in the same wallet and transfer it after payout to the multisignature wallet. The multisignature address for all budget proposals created by the team is: 7U3FMDhKv4j5bzauurPoX1TtqE7hPowSJi You can find it in #coin-info as well and it will be added to #💰-budget channel tonight.

For more informations about GALILEL,
check our Website or social Media Channels.

Website: https://galilel.cloud
Discord:  https://discord.galilel.cloud
Twitter: https://twitter.com/GalilelEN
Facebook: https://facebook.com/GalilelEN
Telegramm: https://t.me/GalilelEN

Galilel Marketing Team
« Last Edit: April 23, 2019, 09:09:56 PM by Cryptogerman1 »

abyssalknight

  • Jr. Member
  • **
  • Posts: 97
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  • FED Gold-Swift,Dependable&Private
    • View Profile
good project to be involved with you still running some airdrop and bounties in the future? well the coin is running for several months i don't think there is
   ☉☉☉  FEDORA GOLD - SWIFT DEPENDABLE AND PRIVATE  ☉☉☉   
☉   GET FEDORA GOLD   ●☉●   DOWNLOAD FEDORA WALLET NOW   ●☉●   FED EVOLUTION   ☉[/u][/b]
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Cryptogerman1

  • Guest
Technical Announcement:

Due to recent critical security issue which has been found by ZCoin in Zerocoin implementation, we've put Zerocoin into maintenance mode via SPORK_16_ZEROCOIN_MAINTENANCE_MODE.

We fully understand the inconvenience this decision will cause to users but security and chain protection require further investigation before we re-activate it.

More information is available at: https://zcoin.io/update-on-zerocoin-spends/or more informations about GALILEL,
check our Website or social Media Channels.

Website: https://galilel.cloud
Discord: https://discord.galilel.cloud
Twitter: https://twitter.com/GalilelEN
Facebook: https://facebook.com/GalilelEN
Telegramm: https://t.me/GalilelEN

Galilel Marketing Team

Cryptogerman1

  • Guest
Maik Broemme was invited to give an interview with masternodes-germany.de and it was finally released. While it is in german it marks the first time the project was invited to give an interview. 

https://masternodes-germany.de/galilel-interview/ :o

For more informations about GALILEL,
check our Website or social Media Channels.

Website: https://galilel.cloud
Discord: https://discord.galilel.cloud
Twitter: https://twitter.com/GalilelEN
Facebook: https://facebook.com/GalilelEN
Telegramm: https://t.me/GalilelEN

Galilel Marketing Team 

Cryptogerman1

  • Guest
Marketing Announcement:
I am proud to announce that our banner promotion has started.
We will advertise for 2 weeks at https://ihostmn.com and at https://mntrend.com

On https://chopcoin.io we have an agreement for 4 weeks.

For more informations about GALILEL,
check our Website or social Media Channels.

Website: https://galilel.cloud
Discord:  https://discord.galilel.cloud
Twitter: https://twitter.com/GalilelEN
Facebook: https://facebook.com/GalilelEN
Telegramm: https://t.me/GalilelEN

Galilel Marketing Team

Cryptogerman1

  • Guest
Marketing Announcement:

We were listed at mycryptostats. It is a new Crypto Currency Portfolio, Masternode and Miner Monitoring tool. As always a retweet is welcome. The tweet can be found in #social-media .

https://mycryptostats.com

For more informations about GALILEL,
check our Website or social Media Channels.


Website: https://galilel.cloud
Discord:  https://discord.galilel.cloud
Twitter: https://twitter.com/GalilelEN
Facebook: https://facebook.com/GalilelEN
Telegramm: https://t.me/GalilelEN

Galilel Marketing Team

Cryptogerman1

  • Guest
Business Announcement:
I want to give a little bit information about what the team is currently working on:

1. In the last couple of weeks we've spent a lot  of time to transform Galilel project into a legal binding contract business. We will get a contractual draft for corp creation for review next week and discuss it. Once everything is clarified we will sign it. In Germany it requires that signatures are made in notary and as every team member is located in a different city, we will align the appointments for it.

2. We invest a lot of time and resources into better world region coverage of our website and documentation. We will release the whitepaper in 16 languages next week, all aligned with our corporate guidelines created by @Swooty. This is purely for sake of professionalism and will bring us into better position of explaining our blockchain feature scope.

3. As whitepaper is not read by everybody and website is the first visible part for our project, we decided to translate the website into 16 languages as well. From now on we will align whitepaper and website translations. @Swooty is currently working on the multi-language support of our website. Once this is done, I will publish all the translated texts. You know there is no second chance for the first impression.

For more informations about GALILEL,
check our Website or social Media Channels.

Website: https://galilel.cloud
Discord:  https://discord.galilel.cloud
Twitter: https://twitter.com/GalilelEN
Facebook: https://facebook.com/GalilelEN
Telegramm: https://t.me/GalilelEN

Galilel Marketing Team

Cryptogerman1

  • Guest
We've been added to Coinmarketcal with an official account.
This is a press release website where projects can post events/releases/milestones and people can vote on their legitimacy.
The more votes we get the more visibility we have.
The site is used by some of the biggest names in Crypto and every publication we make there is approved by the site since we have to provide a source and proof.
This adds another layer of trust to the project and gives us another venue to announce important developments within the project to a wider audience.
To start off we added the upcoming WP releases.

https://coinmarketcal.com/en/coin/galilel


For more informations about GALILEL,
check our Website or social Media Channels.

Website: https://galilel.cloud
Discord:  https://discord.galilel.cloud
Twitter: https://twitter.com/GalilelEN
Facebook: https://facebook.com/GalilelEN
Telegramm: https://t.me/GalilelEN

Galilel Marketing Team

Cryptogerman1

  • Guest
We are pleased to announce the availability of our whitepaper (WP) in 14 different written and spoken languages. We cover almost any region in the world with it which includes EMEA, APAC and AMER. Below are the direct links to the whitepapers:

https://galilel.cloud/downloads/whitepaper/Galilel_Core_Whitepaper-ara.pdf - Arabic (ara)
https://galilel.cloud/downloads/whitepaper/Galilel_Core_Whitepaper-eng.pdf - English (eng)
https://galilel.cloud/downloads/whitepaper/Galilel_Core_Whitepaper-fra.pdf - French (fra)
https://galilel.cloud/downloads/whitepaper/Galilel_Core_Whitepaper-deu.pdf - German (deu)
https://galilel.cloud/downloads/whitepaper/Galilel_Core_Whitepaper-ind.pdf - Indonesian (ind)
https://galilel.cloud/downloads/whitepaper/Galilel_Core_Whitepaper-ita.pdf - Italian (ita)
https://galilel.cloud/downloads/whitepaper/Galilel_Core_Whitepaper-jpn.pdf - Japanese (jpn)
https://galilel.cloud/downloads/whitepaper/Galilel_Core_Whitepaper-pol.pdf - Polish (pol)
https://galilel.cloud/downloads/whitepaper/Galilel_Core_Whitepaper-por.pdf - Portuguese (por)
https://galilel.cloud/downloads/whitepaper/Galilel_Core_Whitepaper-rus.pdf - Russian (rus)
https://galilel.cloud/downloads/whitepaper/Galilel_Core_Whitepaper-spa.pdf - Spanish (spa)
https://galilel.cloud/downloads/whitepaper/Galilel_Core_Whitepaper-ukr.pdf - Ukrainian (ukr)
https://galilel.cloud/downloads/whitepaper/Galilel_Core_Whitepaper-zho_sc.pdf - Chinese (zho_sc)
https://galilel.cloud/downloads/whitepaper/Galilel_Core_Whitepaper-zho_tc.pdf - Chinese (zho_tc)

You can also grab them directly from our website as it has been updated already. To give you a short outlook, next week we will also update the website to implement and enable multi-language support.

For more informations about GALILEL,
check our Website or social Media Channels.

Website: https://galilel.cloud
Discord:  https://discord.galilel.cloud
Twitter: https://twitter.com/GalilelEN
Facebook: https://facebook.com/GalilelEN
Telegramm: https://t.me/GalilelEN

Galilel Marketing Team
« Last Edit: May 15, 2019, 01:46:07 PM by Cryptogerman1 »

 

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