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[ANN][GALI] - MN/PoS/zPoS Dynamic Hybrid - Dynamic Zerocoin Proof-of-Stake (DzPoS)

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[ 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!

 

image.png.bc3cd86229bec7dff80bfbd3f740e17e.png

 

[ Coin Specifications ]

 

Coin name: Galilel

Coin ticker: GALI

Hash algorithm: Quark

Consensus algorithm: PoS + zPoS Hybrid

Coin type: PoW/PoS/zPoS/MN

Wallet letter: U

Block size: 2 MB

Block time: 60 Seconds (Re-targeting every block)

RPC port: 36002

P2P port: 36001

Minimum staking age: 2 hours

Maturity: 120 confirmations

Send eligibility: 6 confirmations

Masternode collateral: 15,000

Last PoW block: 1,500

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 Supply: Transaction 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

 

[ Zerocoin Specifications ]

 

Zerocoin v1 activation: block 245,000

Zerocoin v2 activation: block 245,000

zGALI automint: 10%

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 denominators: 1, 5, 10, 50, 100, 500, 1000, 5000

Accumulator modulus: RSA-2048

Maturity: 240 confirmations

Send eligibility: 20 confirmations

Fees (mint): 0.01 GALI per minted zGALI denomination

Fees (spend): No fee

 

[ Proof-of-Work Rewards Breakdown ]

 

Stages   Block Height   Reward        MN   PoW  Coin Supply  Period  Stage End
 -------------------------------------------------------------------------------
 Stage 1  Block 1        220,000 GALI  60%  40%  220,000      0 days  2018-05-25
 Stage 2  Block 2-1,500  1 GALI        60%  40%  221,499      1 day   2018-05-26

 

[ Proof-of-Stake Rewards Breakdown ]

 

Stages   Block Height     Reward     MN   PoS  Coin Supply  Period   Stage End
 -------------------------------------------------------------------------------
 Stage 1  1,501-12,000     100 GALI   60%  40%  1,271,399    7 days   2018-06-02
 Stage 2  12,001-22,000    90 GALI    60%  40%  2,171,309    7 days   2018-06-09
 Stage 3  22,001-42,000    80 GALI    60%  40%  3,771,229    14 days  2018-06-23
 Stage 4  42,001-100,000   70 GALI    60%  40%  7,831,159    40 days  2018-08-02
 Stage 5  100,001-160,000  60 GALI    60%  40%  11,431,099   42 days  2018-09-13
 Stage 6  160,001-205,000  50 GALI    60%  40%  13,681,049   31 days  2018-10-14
 Stage 7  205,001-250,000  25 GALI    70%  30%  14,806,024   31 days  2018-11-14
 Stage 8  250,001-340,000  13.5 GALI  70%  30%  16,156,009   62 days  2019-01-15
 Stage 9  340,001-430,000  10 GALI    70%  30%  17,055,999   62 days  2019-03-18
 Stage X  430,001-infinity  5 GALI    70%  30%  ongoing      ongoing  ongoing   

 

[ Competitive Analysis ]

 

Feature                          Galilel  Dash  PIVX  ROI Coin
--------------------------------------------------------------
Public Staking                   Y        N     Y     N       
Private Staking                  Y        N     Y     N       
Instant Send                     Y        Y     Y     N       
Private Send                     Y        Y     Y     N       
Masternodes                      Y        Y     Y     N       
Decentralized Governance Voting  Y        Y     Y     N       
Variable Reward Distribution*    N        N     Y     N       
Dynamic Zerocoin Proof-of-Stake  Y        N     N     N       
Proof-of-Transaction             Y        N     N     N       
Variable Reward Burning          Y        N     N     N       
Disconnected Blockchain          Y        N     N     N       
Mobile Proof-of-Stake            Y        N     N     N       
Term Deposits                    Y        N     N     Y       

 

 

* Possible to implement in Galilel using Seesaw algorithm

 

image.png.4c1acf22dd09972754c25a9bee9e6e67.png

 

[ Community ]

 

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

 

discord.png          twitter.png          facebook.png          bitcointalk.png

 

[ Marketing ]

 

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


image.png.d459fa2eb64973140b2cc94e75ca7273.png

 

mno.png          coinlib.png          mntop.png          mnode.png          kyd.png



beam.png          satoshi.png          chopcoin.png          nodecheck.png          coincodex.png

coingecko.png          worldcoinindex.png          coinpaprika.png          dextro.png          coinranking.png

coinlore.png

 

image.png.b854e90811e027ae45b30f394b40070b.png

 

You can find updated roadmap always on our website at:

https://galilel.cloud/#roadmap

 

image.png.7b30db939a1063a8fc7ac4bafb5f55a8.png

 

 

maik.png

Maik Broemme

Babyface#7772

Lead Developer

linkedin.pngxing.pngfacebook.pnggithub.pnghome.pngemail.png

 

christian.png

Christian Grieger
Swooty#7324
Front-End & Back-End Developer

twitter.pnggithub.pnghome.pngemail.png

 

manuel.png

Manuel Gogoll

Cryptogerman#8070

Marketing & Campaigns

facebook.pngtwitter.pnggithub.pngemail.png

 

pascal.png

Pascal Rebholz

crypto5.0#6432

Marketing & Campaigns

linkedin.pngxing.pngfacebook.pngemail.png

 

alex.png

Alex Mesquita
Alex Mesquita#9361
Partnerships & Business Development

twitter.pngemail.png

 

sascha.png

Sascha Volland
coreyou#6882
Partnerships & Business Development

linkedin.pngxing.pngtwitter.pngemail.png

 

armand.png

Armand Pers
Bio_Logik#7089
Designer

linkedin.pnghome.pngemail.png

 

ehsan.png

Ehsan Khademi
eshby#4291
Business Manager

twitter.pngemail.png

 

image.png.7e91824e4950327acf88909d00f6bb8f.png

 

[ Paper Wallet ]

 

Galilel Paper Wallet is an offline wallet, regarded as cold storage.

 

paper.png

 

[ 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.

 

Wallet Downloads

 

[ Repositories ]

 

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

 

github.png

 

[ List of official active seeds ]

 

addnode=seed1.galilel.cloud

addnode=seed2.galilel.cloud

addnode=seed3.galilel.cloud

addnode=seed4.galilel.cloud

addnode=seed5.galilel.cloud

addnode=seed6.galilel.cloud

addnode=seed7.galilel.cloud

addnode=seed8.galilel.cloud

 

image.png.e3c176b8267aa72002cb968a1159fc99.png

 

[ Exchanges ]

 

Galilel Coin can be traded on the following exchanges:

 

graviex.png           crex24          aiodex.png          cratex.png           raisex.png           mct.png

 

__________________________________________________________

[ WEBSITE  |  EXPLORER  |  GITHUB  |  INFO  |  WHITEPAPER  |  WALLETS  |  DISCORD  |  TWITTER  |  FACEBOOK ]

 

______________________________

Your galilel.cloud Team

Edited by Babyface
Updates (see edit history)
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Babyface

We've finished the Galilel Paper Wallet. You can create an offline cold storage wallet at:

 

https://paper.galilel.cloud/

 

I've added the Paper Wallet link already to announcement. Also we've partnered with some additional monitoring and ranking sites:

 

https://mntrend.com/en/currencies/GALI
https://coinmarketdaddy.com/currencies/galilel/
https://ihostmn.com/hostmn.php?coin=GALI
https://www.mnroi.info/coin/GALI

 

PS: In GitHub I've committed already Dynamic zPoS v2 changes for upcoming v3.1.1 release.

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Babyface

A new instant and offline paper wallet has been released which fixes the BIP38 decryption issue some users reported.

 

You can download offline paper wallet generator at https://github.com/Galilel-Project/galilel-paper-wallet/releases/tag/v1.0.1

 

or use instant paper wallet at https://paper.galilel.cloud

 

Already generated paper wallets will still work as before and can be decrypted with this version too.

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Babyface

As trust is an important asset in crypto currency market, the complete core team members have been added with their identities to this announcement and the website.

 

Also, we've published the optional Galilel wallet v3.1.1 update with the following new features:

  1. Block 340,000: Improved zPoS staking after leaving the warmup phase
  2. Added additional and more powerful seed nodes

You can download the new wallet directly from GitHub: https://github.com/Galilel-Project/galilel/releases/tag/v3.1.1

If you need a bootstrap file, you can use latest one from website available here: https://galilel.cloud/bootstrap-latest.tar.gz

 

Please pay attention that at block 340,000 we will leave zPoS warmup phase and private staker get 60% of the block reward while public staker 30%. Depending of the staking type the masternode is rewarded with 40% (zGALI stake) or 70% (GALI stake). Also pay attention that difficulty is already raising which is very good for chain stability. On the other side it reduces probability to solve a block if low amounts of coins are staked.

I've updated links in announcement as well.

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Babyface

As we've been listed on Crex24, I've added Crex24 to the list of available exchanges.

Also I've extended the comparison table:

  • Added "Dynamic Zerocoin Proof-of-Stake (dzPoS)" which we have already and will enter full activation phase in less than 2500 blocks
  • Added "Proof-of-Transaction" which is currently in development state

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Babyface

In less than 250 blocks (~4 hours) we will hit the full Dynamic Zerocoin Proof-of-Stake activation block. Almost 900,000 zGALI have been minted already and are waiting for increased zPoS rewards. The anonymous network is coming!

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Babyface

Another small wallet update (v3.1.2) has been released. It is optional but especially useful for zGALI stakers as we are in full dzPoS phase now. The changes are the following:

  1. Block 340,000 - 430,000: Dynamic zPoS v2 will generate correct 6 zGALI
  2. Improved performance when listing zGALI mints
  3. Fixed zGALI spend when too much mints are selected
  4. Fixed missing explorer icon
  5. Stability improvements

You can get it at: https://github.com/Galilel-Project/galilel/releases/tag/v3.1.2

 

 

Announcement links have been updated.

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Babyface

As our team is growing, please welcome our new core team members:

- Armand Pers (Designer)
- Christian Grieger (Front-End & Back-End Developer)
- Ehsan Khademi (Business Manager)

We have an official Telegram channel now:

- https://t.me/GalilelEN

We are setting up local Telegram communities:

- Germany: https://t.me/GalilelDE
- Brazil: https://t.me/GalilelBR

Everyone who wants to run and manage a local Telegram community, come to our Discord and discuss it with one of the team members.

Beside this we opened up an Instagram account and will update you regurlary there:

https://instagram.com/galilel_en/

Beside this Galilel can be traded now at MCT+ multi currency exchange with > 100 crypto currency pairs:

https://trade.mct.plus/

We've partnered with additional masternode and staking hosting platforms:

GIN: https://p.ginplatform.io/
Kalkulus Hub: https://hub.kalkul.us/

There are some news flash articles about Galilel:

https://medium.com/@eshby/galilel-cloud-2018-a-year-in-review-c39d18a5713
https://checkthischain.com/galilel-the-multifunctional-fiat-replacer/

The first whitepaper translations are available on our website:

- Arabic: https://galilel.cloud/downloads/whitepaper/Galilel_Core_Whitepaper_AR.pdf
- Italian: https://galilel.cloud/downloads/whitepaper/Galilel_Core_Whitepaper_IT.pdf

The original announcement post has been updated accordingly.

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Babyface

We've published Galilel wallet v3.2.0:

 

- Fixed "Stake Spent" attack for PoS and zPoS, protocol change at Mon Feb 18 10:00:00 UTC 2019
- Stability improvements for Win32/Win64, switching build environment to POSIX MinGW
- Added RISC-V architecture to default builds

 

This update is mandatory to fix stake spent for PoS and zPoS in a reliable and permanent way. Beside fixes we are the first PoS/MN coin which ships a ready-to-use version for RISC-V architecture.

 

You can get the new wallet from our website or directly from GitHub: https://github.com/Galilel-Project/galilel/releases/tag/v3.2.0

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Cryptogerman1
Posted (edited)

@everyone 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 

Edited by Cryptogerman1 (see edit history)

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Cryptogerman1
Posted (edited)

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 

Edited by Cryptogerman1 (see edit history)

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Cryptogerman1

@everyone 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:


24 April 2019 Update We found the root cause of the irregular Zerocoin spends on the 19 April 2019. An emergency update...

 

 

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 

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Cryptogerman1
Posted (edited)

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/

 

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 

Edited by Cryptogerman1 (see edit history)

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