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Author Topic: [ANN] galilel.org [GALI][BOUNTI] - MN/PoS/zPoS Hybrid-Dynamic Zerocoin Staking  (Read 24220 times)
m3mbr44n
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January 22, 2019, 02:39:49 PM
 #101

Nice to see a lively masternode project. I have never properly been able to run a masternode so if I bought a masternode here are there companies that can host the masternode for me for a small fee? I am looking into masternodes and this may look like a very good project to start with but I am still a newbie in this area of the crypto space, so would like some further advice on how to start masternodes. Also is there liquidity for selling the tokens that a masternode produces for growing a passive income? I always think liquidity in the market is very important for masternode coins and tokens. I am looking for various ways to grow passive income in the crypto market so this could be one option correct?

Hi @qiman. I would like to recommend you to join the project's Discord-server. There is a useful #Masternode channel with plenty of people willing to assist, plus of course a great dev team standing by. Her is the link just in case: https://discord.gg/8tdfve
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aurumrex
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January 22, 2019, 08:25:00 PM
 #102

If you have no idea how to setup a masternode there is very useful Youtube video tutorial.

Here is the link to video: https://www.youtube.com/watch?v=CTmzEas0Su4

If you still have a problem to setting up masternode then visit Discord chat :  https://discord.galilel.cloud

Galilel community will help you.


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January 22, 2019, 08:30:17 PM
 #103

or use one of the masternode hosting service we partner with:

Masternode:

Satoshi Solutions: https://satoshisolutions.online/
Dextro: https://dextro.io/
I Host MN: https://ihostmn.com/hostmn.php?coin=GALI
Pecunia: https://pecuniaplatform.io/

Shared Masternode:

I Host MN: https://ihostmn.com/sharemn.php?id=32
Crypos: https://crypos.io/shared-masternode

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crypto_pj
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January 22, 2019, 11:56:10 PM
 #104

Another great day with numerous announcements coming from Galilel Project:

* You can now join a shared masternode service at Crypos.io. Head over to https://crypos.io/shared-masternode

* We are now on NodeVault...Galilel statistics can now be tracked at https://www.nodevault.app/currency/5c41c9d6d4aad7bda27cfb90

* We now have a Telegram channel. You can join by visiting https://t.me/GalilelEN

* If you want to set up a Galilel masternode, check out the tutorial on our YouTube channel and be sure to subscribe https://youtu.be/CTmzEas0Su4

* Work is underway on a new website which will be going live soon

* A new Front-End and Back-End Developer (Discord: @Swooty #5527) has joined the team

* We've partnered with Simplecoin... You can mine Proof-of-Work coins and get paid with Proof-of-Stake coin Galilel. Join their mining pool at https://simpleco.in

Not bad for a days work!  Wink

Plenty more to come!
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January 23, 2019, 10:36:02 AM
 #105

We've passed another million of converted GALI to zGALI. We have 3M zGALI of 16M total supply right now. The chain becomes more anonymous.

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January 23, 2019, 01:39:26 PM
 #106

The Galilel team continue to deliver...I mentioned yesterday that a new website was being worked on which, much to my surprise, actually went live today!

Check it out at https://galilel.cloud/

One of my favourite features of Galilel is Proof-of-Transaction (ghPoT) which removes a major barrier to real world adoption of GALI as a means of payment. Galilel includes an additional data field which is attached to the transaction and stored in the block, making it possible for payment-processing gateways to identify the payee of an invoice as with traditional invoices.

 Smiley
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January 23, 2019, 04:28:50 PM
 #107

We've been listed on GIN platform. You can instantly run your Galilel masternode there.

Available at: https://p.ginplatform.io/

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January 24, 2019, 06:21:03 AM
 #108

Great project that has been going on for a long time, I'm sure this will be a big success in the future.
But I have not seen the rewards, is there a reward scheme?
And is there a launch date? I am waiting for more.
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January 24, 2019, 06:42:31 AM
 #109

a very lucrative project will be an exchange buy coins all good luck and high earnings here it is possible with a masternode
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January 24, 2019, 07:36:29 AM
 #110

****NEWS FLASH!****

Galilel was added to the GIN Platform yesterday, so now there really is no excuse for not setting up a GALI masternode!

Go to: https://p.ginplatform.io/

...and by following their simple instructions, with the click of a few buttons you'll have a GALI masternode up and running in next to no time!

 Kiss

****END****
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January 24, 2019, 09:21:12 AM
 #111

Wallet v3.1.0-win64 began to issue such an error, please help understand ..

2019-01-24 05:42:19 *** System error while flushing: CDB : Error -30974, can't open database
2019-01-24 05:42:21 CDBEnv::EnvShutdown : Error -30974 shutting down database environment: DB_RUNRECOVERY: Fatal error, run database recovery
2019-01-24 05:42:21 Shutdown: done
 
v3.1.2 does not start at all
 



Wallet has been killed, sometimes windows updates do it when rebooting the system and doesn't wait for graceful shutdown to complete. Please restore the wallet.dat from a backup in backups/ folder.

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mbroemme
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January 24, 2019, 01:08:11 PM
Last edit: January 24, 2019, 01:22:57 PM by mbroemme
 #112

We pushed already in GitHub a fix for recently discovered resource exhaustion attacks against PoS chains.

https://github.com/Galilel-Project/galilel/commit/1fe39e9ca036f915f27322dfb575da78c0163984

- Vulnerability 1:

It is called "I Can't Believe it's not Stake" attack. It was introduced while merging upstream headers first feature into PoS forks. It fills a victims node memory until resources are exhausted and node may crash due to out of memory condition. Codebase is not affected by it.

- Vulnerability 2:

It is called "Spent Stake" attack. It was discoverd while investigating vulnerability 1 above. It works because block verification ensures that the coin exists, but not that it is unspent. After forking of the main chain the coinstake transaction is still validated against the main chain TxDB. It allows to generate arbitrary amount of apparent stake and inject it into victims node. Codebase is fixed with the commit above.

More information about attack vectors:

http://fc19.ifca.ai/preproceedings/180-preproceedings.pdf
https://medium.com/@dsl_uiuc/fake-stake-attacks-on-chain-based-proof-of-stake-cryptocurrencies-b8b05723f806

Working proof of concept reproducer:

https://github.com/initc3/i-cant-believe-its-not-stake

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eshby
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January 24, 2019, 02:09:01 PM
 #113

We pushed already in GitHub a fix for recently discovered resource exhaustion attacks against PoS chains.

https://github.com/Galilel-Project/galilel/commit/1fe39e9ca036f915f27322dfb575da78c0163984

- Vulnerability 1:

It is called "I Can't Believe it's not Stake" attack. It was introduced while merging upstream headers first feature into PoS forks. It fills a victims node memory until resources are exhausted and node may crash due to out of memory condition. Codebase is not affected by it.

- Vulnerability 2:

It is called "Spent Stake" attack. It was discoverd while investigating vulnerability 1 above. It works because block verification ensures that the coin exists, but not that it is unspent. After forking of the main chain the coinstake transaction is still validated against the main chain TxDB. It allows to generate arbitrary amount of apparent stake and inject it into victims node. Codebase is fixed with the commit above.

More information about attack vectors:

http://fc19.ifca.ai/preproceedings/180-preproceedings.pdf
https://medium.com/@dsl_uiuc/fake-stake-attacks-on-chain-based-proof-of-stake-cryptocurrencies-b8b05723f806

Working proof of concept reproducer:

https://github.com/initc3/i-cant-believe-its-not-stake

Thanks for keeping us up-to-date. Good to see that the Gali devs are worth their salt.

This is what really seperates this project from most other mn coins and what  they call "devs"
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January 24, 2019, 04:26:13 PM
 #114

Wallet has been killed, sometimes windows updates do it when rebooting the system and doesn't wait for graceful shutdown to complete. Please restore the wallet.dat from a backup in backups/ folder.
Thank a lot, it seems to help  Wink

Next wallet update will include some stability fixes as well to mitigate this.

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shiunsai
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January 25, 2019, 12:36:10 PM
 #115

To the community help Galilel Coin please RT, FOLLOW, SHARE, COMMENT, LOVE etc...

Here is the link on their twitter account: https://twitter.com/GalilelEN/status/1088587490582241280

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January 27, 2019, 05:38:56 PM
 #116

Wallet has been killed, sometimes windows updates do it when rebooting the system and doesn't wait for graceful shutdown to complete. Please restore the wallet.dat from a backup in backups/ folder.
Thank a lot, it seems to help  Wink

Next wallet update will include some stability fixes as well to mitigate this.

is devs worked on "fake stake" code? wanted to invest but need a liitle more info about this issue.... now following discord channel. Seems promissing

edit: founded on twitter "@_pivx vulnerability already patched for Galilel project, based on @PhoreCrypto initial work while @CryptoBridge shutdowns all the forks as none are patched yet! Leader not follower! For all in needs: https://github.com/Galilel-Project/galilel/commit/1fe39e9ca036f915f27322dfb575da78c0163984 … (please mention @GalilelEN project as a thank you)"

really nice... great job  Wink

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January 30, 2019, 10:53:41 PM
 #117

Discord User Stats

There is growing interest in Galilel Project...

I haven't been keeping an accurate count but am pretty sure that the discord server has grown by about 200 members in the past week or two; the current number of users being 750.

I imagine that the increase in numbers is largely organic growth through personal referrals as Galilel is not shilled on social media so is likely attracting serious crypto investors interested as much in the tech as they are the potential returns, rather than simply the pump and dump crowd that'll chase any token gaining a bit of momentary publicity.

If you're new to Galilel you'll soon discover that those who hold $GALI are pretty committed long term holders and by and large won't be parting with their coins, so if you're looking to acquire a respectable stake (say 15K i.e. collateral for one masternode) you'll either have to buy the ask or be very patient hoping that your bids get filled. Good luck!

Here's a link to the discord if you're not already a member...

https://discord.gg/sVDmsh8

Come and join the conversation!
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January 31, 2019, 10:01:17 AM
 #118

Follow Galilel Coin on Instragram!

We are proud to present our new Instagram page available at: https://instagram.com/galilel_en/ Please join and follow us there. We will post more videos, images and news there in the upcoming weeks.
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January 31, 2019, 05:56:22 PM
 #119

Masternode Rewards and Staking

For those of you that are familiar with running masternodes/staking, this is elementary stuff, but if you are new to this side of crypto, read on...

If you have a GALI masternode running (which requires locked collateral of 15k GALI) and your wallet is also unlocked for staking, as your masternode rewards come in they build up in a separate stack to the 'locked' collateral. This stack will 'stake', earning you further rewards.

If you are in the fortunate position of having multiple GALI masternodes running, there is no need to combine the rewards into a single larger stack - that stack would earn rewards more frequently than several smaller stacks, but the total number of rewards that you receive over the course of time will be the same.
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February 02, 2019, 09:19:36 AM
 #120

Interesting Project with a motivated team that is moving things forward, definitely to keep an eye on.
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