Looking for Galilel? Find GALI Price, Exchanges, Reviews, Chart, Historical Data & GALI Marketcap
Galilel (GALI) Ranked 1206 in Coin Market Daddy Currencies Index. Galilel (GALI) price is $0.009054. It has a current circulating supply of 17,547,376 GALI and a Marketcap of $158.88K. Today Galilel price is up (0.25%). $300 worth of Galilel (GALI) has been traded in the past 24 hours. Galilel (GALI) currency type is coin. GALI trading is available in number of exchanges. Exchanges information is updated automatically. Stay tuned to check updated information. If you find any error on this page, please Contact Us to update Galilel (GALI) and contribute to CMD Cryptocurrency Encyclopedia.
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 offline Proof-of-Stake (ghPoS) for public and private coins which is always on with 10% (public) and 20% (private) of the block reward paid out if offline wallet finds a block. 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.