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Author Topic: [ANN] galilel.org [GALI] - MN/PoS/zPoS Hybrid-Dynamic Zerocoin Staking  (Read 24378 times)
mbroemme
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December 14, 2018, 06:15:06 PM
Last edit: October 16, 2020, 12:15:39 AM by mbroemme
 #1

[ 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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Babyface#7772
Swooty#7324
Cryptogerman#8070
Developer
Frontend/Backend, Bot developer
Marketing & Social Media

crypto5.0#6432
Schokoladenbrezel 👻#3436
Alex Mesquita#9361
Accounting
Head of Support
Advisor

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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aurumrex
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December 14, 2018, 11:27:19 PM
 #2

Very interesting project which will implement unique blockchain features. I see DEV is very active. I can see his real identity and he absolutely has knowledge as well as experience to implement all blockchain improvements/features. I've really never seen such professionalism and commitment before. I hope this project will be equally successful as PIVX project.
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December 15, 2018, 04:20:08 AM
 #3



 a fairly well-prepared project that I see lately. I can not find the date of your launch of mining, and the last block shows a few days ago ??
287210   7bcaba211cde3ef22b7300930d6cfb83579de89b3e2e88c4fda9476d842cd6cb   2   13.50000000   Tue, 11 Dec 2018 23:08:41 GMT
 https://explorer.galilel.cloud/
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December 15, 2018, 11:21:46 AM
 #4

It is a long waiting time, when all bounties, airdrops will be paid or opened on the 51th week.
More than one year after the launch of GALI main net, it is a long period, honestly.

Anyway, I have added the topic into my Following Spreadsheet for later use (one year from now).

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December 15, 2018, 05:12:15 PM
 #5

You wrote. "With the early release of Galilel Wallet v3.1.0, we delivered the world's first cryptocurrency, which has a proportional Zerocoin Proof-of-Stake (zPoS) reward, depending on the block reward!". Is it possible to develop this idea in more detail? What is the reward scheme?
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December 16, 2018, 03:45:03 AM
 #6

why every first time I turn on the wallet, my wallet always generates a new address

my problem was solved when I locking my wallet

Waves: 3P4EWn4kHifLu1iTjeAPJGknFNJb3nLBJbo
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December 16, 2018, 04:06:45 AM
 #7

I would like to reverse myself for Vietnamese(ANN thread, wp, website)
Bitcointalk name: BannedHMD
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2427281
Tele: @haoanhhungxt2
Eth address: 0x2c9e21119751F4b2f2484810752CE57a138f7777
Portfolio: https://docs.google.com/document/d/1SXGn6-6rHzRcOGd5-O6ph5DZb8mp32zhPqxReMXerfU

Please PM me if i'm accepted.
Thank you.
Contact me: haminhdiem@gmail.com
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December 20, 2018, 11:55:32 PM
 #8

great to see being list in exchange
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December 21, 2018, 03:28:31 PM
 #9

Interesting project that is running already for a while I notice. Happy to see that a bootstrap is available to catch up. Well done.
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December 22, 2018, 02:04:25 PM
 #10

It's nice to see a project with an active dev (here and in Discord). I hope the community will continue to grow. I will be following GALI for sure.

░▒▓█ / / /X42/ / / WELCOME TO FEELESS FUTURE! █▓▒░
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December 23, 2018, 09:42:40 AM
 #11

I already had several interesting discussions with the lead dev about his ideas and the future of the project in the Discord. He always answers every question and is highly active. So best to check out the Discord and ask what you want to ask. Also a lot of very helpful Community members there that always help out even technically not well-versed coin holders. The recent two hard-forks worked out well and even people like me who are not tech heads and did it for the first time had no problems with it due to the very high community engagement of the team and other community members.

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December 23, 2018, 11:39:38 AM
 #12

I already had several interesting discussions with the lead dev about his ideas and the future of the project in the Discord. He always answers every question and is highly active. So best to check out the Discord and ask what you want to ask. Also a lot of very helpful Community members there that always help out even technically not well-versed coin holders. The recent two hard-forks worked out well and even people like me who are not tech heads and did it for the first time had no problems with it due to the very high community engagement of the team and other community members.

Yes, community is quite active and engaged. I hope this is going to grow even more and lead to a nice long-term project. The backup tech-wise seems solid.
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December 23, 2018, 02:13:39 PM
 #13

Dutch local thread is now live, check it out here.
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December 23, 2018, 02:42:13 PM
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Dutch local thread is now live, check it out here.

it looks interesting. let's together support this project in order to create comfortable conditions for its development
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December 24, 2018, 10:42:08 AM
 #15

Dutch local thread is now live, check it out here.

Good to have the Dutch on board. Crypto is popular in that high-tech country of entrepreneurs and traders  Grin
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December 24, 2018, 11:52:51 AM
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IMHO Galilel project will be big in 2019.
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December 25, 2018, 11:07:12 AM
 #17

Market cap of only 66k usd at the moment: https://mntrend.com/en/currencies/GALI
A lof room to grow in 2019  Grin
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December 26, 2018, 12:44:29 AM
 #18

Attentive dev team and active community, GALI is a project to follow at every step, I am happy to have been part of your discord community. Best of luck for team and merry christmas GALI cummunity!
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December 26, 2018, 09:38:20 AM
 #19

Attentive dev team and active community, GALI is a project to follow at every step, I am happy to have been part of your discord community. Best of luck for team and merry christmas GALI cummunity!

Same here. Looking forward to see the project grow further in the coming year. I think we got a nice and steadily growing community interested in the project. A good base for 2019.

░▒▓█ / / /X42/ / / WELCOME TO FEELESS FUTURE! █▓▒░
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December 26, 2018, 01:24:38 PM
 #20

Burning coins is rather interesting piece that has been successfully used by some exchanges. In addition, there is the opportunity to vote, and therefore to influence the development of the coin to its owners
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