Galilel (GALI) Wallet Source Code
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README.md

Introduction

The first Proof-of-Work, Proof-of-Stake and Proof-of-Burn crypto currency with Hybrid Consensus Algorithm 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 offline Proof-of-Stake (ghPoS) for public and private coins which is always on with 5% 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.

Coin Specifications

  • 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 1500): MN 60%, PoW 40%
  • Rewards (till block 205000): MN 60%, PoS 40%
  • Rewards (from block 205001): 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.cloud/address/UUr5nDmykhun1HWM7mJAqLVeLzoGtx19dX
  • Dev Budget (from block 250001): 10% in monthly superblock

Zerocoin Specifications

  • Zerocoin v1 activation: block 250000
  • Zerocoin v2 activation: block 340000 (planned)
  • zGALI Automint: 10%
  • zGALI Rewards (from block 340001): MN 50%, zPoS 50%
  • 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 340001 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, 50% paid to masternode and 50% to staker.

Proof-of-Work Rewards

Proof-of-Work is used as instamine protection and will end at block 1500.

Block Height Reward MN PoW Supply Runtime Stage End
Block 1 220.000 GALI (premine) 60% 40% 220.000 0 days 2018-05-25
Block 2 - 1500 1 GALI 60% 40% 221.499 1 day 2018-05-26

Proof-of-Stake Rewards

Proof-of-Stake will start at block 1501.

Stages Block Height Reward MN PoS Supply Runtime Stage End
Stage 1 1501-12000 100 GALI 60% 40% 1.271.399 7 days 2018-06-02
Stage 2 12001-22000 90 GALI 60% 40% 2.171.309 7 days 2018-06-09
Stage 3 22001-42000 80 GALI 60% 40% 3.771.229 14 days 2018-06-23
Stage 4 42001-100000 70 GALI 60% 40% 7.831.159 40 days 2018-08-02
Stage 5 100001-160000 60 GALI 60% 40% 11.431.099 42 days 2018-09-13
Stage 6 160001-205000 50 GALI 60% 40% 13.681.049 31 days 2018-10-14
Stage 7 205001-250000 25 GALI 70% 30% 14.806.024 31 days 2018-11-14
Stage 8 250001-340000 15 GALI 70% 30% 16.156.009 62 days 2019-01-15
Stage 9 340001-430000 10 GALI 70% 30% 17.055.999 62 days 2019-03-18
Stage X 430001-ongoing 5 GALI 70% 30% ongoing ongoing ongoing

Official Links

Website: https://galilel.cloud/

GitHub (Wallet): https://github.com/Galilel-Project/galilel/

GitHub (Project): https://github.com/Galilel-Project/

Block Explorer (Mainnet) : https://explorer.galilel.cloud/

Block Explorer 2 (Mainnet Aiodex): https://explorer.aiodex.com/GALI

Block Explorer (Testnet): https://explorer.testnet.galilel.cloud/

BitcoinTalk Announcement: https://bittcointalk.galilel.cloud

Twitter: https://twitter.com/GalilelEN

Discord: https://discord.galilel.cloud

Know Your Developer (KYD): https://review.kydcoin.io/galicoin/

Exchanges

Graviex: https://graviex.net/markets/galibtc

Raisex: https://raisex.io/trade/GALI_BTC

Aiodex: https://aiodex.com/exchange/GALI_BTC

AltMarkets: https://altmarkets.cc/market/BTC-GALI

Promotions

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

Coinpaprika: https://coinpaprika.com/coin/gali-galilel/

Donations

Galilel (GALI): UUr5nDmykhun1HWM7mJAqLVeLzoGtx19dX

Bitcoin (BTC): 13vZmvxWcpMxZPr2gtf4QBS8Q2En6kB3mo

Litecoin (LTC): MAfouCFTBX4hJWTmAvTpFSuwzUZr4gtxDv

Dogecoin (DOGE): DFY1iAcbX8uQDaFAFQckSGJfYBb6QzTuMi

Wallet Screenshots

Since refactoring of Galilel v3.x with PIVX 3.1.1 codebase, the wallet supports zGALIv1 minting and spending. Wallet and Zerocoin privacy screenshot: