The first Proof-of-Work, Proof-of-Stake, Proof-of-Burn and Proof-of-Transaction general purpose crypto currency with Hybrid Consensus Algorithm, Dynamic Zerocoin and Masternode voting for period based reward burning.
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.
Galilel v3.1.0 is the worlds first crypto currency which has proportional Zerocoin Proof-of-Stake (zPoS) rewards depending on the block reward!
- Coin Name: Galilel
- Coin Ticker: GALI
- Hash Algorithm: Quark
- Consensus Algorithm: PoS + zPoS Hybrid
- Block Size: 2 MB
- Block Time: 60 Seconds (Re-targeting every block)
- RPC Port: 36002
- P2P Port: 36001
- Type: PoW / PoS / zPoS / MN
- Minimum Staking Age: 2 Hours
- Maturity: 120 confirmations
- Send Eligibility: 6 confirmations
- 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%
- Last PoW Block: 1,500
- Masternode Collateral: 15,000
- 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: All transaction fees & zGALI minting fees are burnt
- Community Donation Address: https://explorer.galilel.org/address/UUr5nDmykhun1HWM7mJAqLVeLzoGtx19dX
- Multisig Budget Address (3-of-6): https://explorer.galilel.org/address/7U3FMDhKv4j5bzauurPoX1TtqE7hPowSJi
- Dev Budget (from block 250,001): 10% in monthly superblock
- 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%, PoS 60%
- zGALI Rewards (from block 430,001): MN 40%, PoS 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
With Zerocoin v2 activation at block 245,001 the reward structure becomes dependent from the staking type. If public Proof-of-Stake (GALI) and staker finds a block, 70% paid to masternode and 30% to staker. If private Proof-of-Stake (zGALI) and staker finds a block, 40% paid to masternode and 60% to staker.
Proof-of-Work is used as instamine protection and will end at block 1500.
| Block Height | Reward | MN | PoW | Supply | Runtime | Stage End |
|---|---|---|---|---|---|---|
| Block 1 | 50 GALI | 60% | 40% | 220,000 | 0 days | 2018-05-25 |
| Block 2 | 220,000 GALI (premine) | 60% | 40% | 220,000 | 0 days | 2018-05-25 |
| Block 3 - 1,500 | 1 GALI | 60% | 40% | 221,499 | 1 day | 2018-05-26 |
Proof-of-Stake will start at block 1501.
| Stages | Block Height | Reward | MN | PoS | Supply | Runtime | 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-ongoing | 5 GALI | 70% | 30% | ongoing | ongoing | ongoing |
Website: https://galilel.org/
GitHub (Wallet): https://github.com/Galilel-Project/galilel/
GitHub (Project): https://github.com/Galilel-Project/
Block Explorer (Mainnet) : https://explorer.galilel.org/
Block Explorer 2 (Mainnet Aiodex): https://explorer.aiodex.com/GALI
Block Explorer (Testnet): https://explorer.testnet.galilel.org/
BitcoinTalk Announcement: https://bitcointalk.galilel.org
Twitter: https://twitter.com/GalilelEN
Facebook: https://facebook.com/GalilelEN
YouTube: https://youtube.com/channel/UC26rKBciicXp33dK8NkALmg
Instagram: https://instagram.com/galilel_en/
Discord: https://discord.galilel.org
Telegram: https://t.me/GalilelEN
Know Your Developer (KYD): https://review.kydcoin.io/galicoin/
Graviex: https://graviex.net/markets/galibtc
Crex24: https://crex24.com/exchange/GALI-BTC
Aiodex (BTC): https://aiodex.com/exchange/GALI_BTC
Aiodex (GEEK): https://aiodex.com/exchange/GALI_GEEK
Cratex (BTC): https://cratex.io/index.php?pair=GALI/BTC
Cratex (LTC): https://cratex.io/index.php?pair=GALI/LTC
Cratex (BTCZ): https://cratex.io/index.php?pair=GALI/BTCZ
Raisex: https://raisex.io/trade/GALI_BTC
MCT+: https://trade.mct.plus/
FinexBox: https://www.finexbox.com/market/pair/GALI-BTC.html
Block DX: https://blocknet.co/galilel-2/
Bisq: https://bisq.network/markets/?currency=gali_btc
Amsterdex: https://amsterdex.com/exchange?market=gali
CoinMarketCap: https://coinmarketcap.com/currencies/galilel/
Masternodes.online: https://masternodes.online/currencies/GALI/
Coinlib.io: https://coinlib.io/coin/GALI/Galilel
MNtop: https://mntop.co.in/
mnode.club: https://mnode.club/g/info/GALI
Beam: https://beam.works/user/galilel/
Satoshi Solutions: https://satoshisolutions.online/
Chopcoin.io: https://gali.chopcoin.io/
NodeCheck.io: https://nodecheck.io/currency/GALI
CoinCodex: https://coincodex.com/crypto/galilel/
CoinGecko: https://coingecko.com/en/coins/galilel
WorldCoinIndex: https://worldcoinindex.com/coin/galilel
Dextro: https://dextro.io/
Coinranking: https://coinranking.com/coin/galilel-gali
CoinLore: https://coinlore.com/coin/galilel
Gremlins Marketing: http://gremlinsmarketing.com/galilel/
MNTrend: https://mntrend.com/en/currencies/GALI
CoinMarketDaddy: https://coinmarketdaddy.com/currencies/galilel/
I Host MN: https://ihostmn.com/hostmn.php?coin=GALI
MN ROI: https://www.mnroi.info/coin/GALI
PoS List: https://www.poslist.org/
Nodeasy: https://nodeasy.com/currencies/Galilel
Simpleco.in: https://simpleco.in/
Pecunia: https://pecuniaplatform.io/
GIN Platform: https://p.ginplatform.io/
Kalkulus Hub: https://hub.kalkul.us/
CryptoCompare: https://www.cryptocompare.com/coins/gali/overview
Pecunia: https://pecuniaplatform.io/99HOST
Blockspot.io: https://blockspot.io/coin/galilel/
Crypos: https://crypos.io/
Masternodes Germany: https://masternodes-germany.de/
Dextro: https://dextro.io/
Galilel (GALI): UUr5nDmykhun1HWM7mJAqLVeLzoGtx19dX
Bitcoin (BTC): 13vZmvxWcpMxZPr2gtf4QBS8Q2En6kB3mo
Litecoin (LTC): MAfouCFTBX4hJWTmAvTpFSuwzUZr4gtxDv
Dogecoin (DOGE): DFY1iAcbX8uQDaFAFQckSGJfYBb6QzTuMi
Starting from v3.1.0, we are using branches for changes, which will fork the chain. Any fixes and improvements, which does not fork the chain, will be committed directly into master branch.
Since refactoring of Galilel v3.x with PIVX 3.1.1 codebase, the wallet supports zGALIv1 minting and spending. Wallet and Zerocoin privacy screenshot:
React
Typescript
Django
Laravel
Facebook
Microsoft
Google
Alibaba
D3
Tencent