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About Galactrum

Galactrum (ORE) is defined as an autonomous, self-governing, self-funding, and resilient digital currency forked off using the Dash platform. Forking refers to changing the protocol and rules of the blockchain. The network aims to be entirely supported by highly secure cryptographic proofs. Galactrum seeks to utilize the Lyra2v2 chained algorithm for securing block hashing. Lyra2v2 is a highly efficient key derivation scheme based on a password. This scheme aims to assist legitimate users in fine-tuning memory, which processes parallelism and costs as per the desired security level and available resources in the target platform.

The basic concept behind Galactrum is to encourage the exchange of ideas and resist censorship. Galactrum aims to feature masternodes technology that is effective and useful for secure as well as real-time transactions over the network. For better understanding, masternodes are servers that assist in validating instant transactions over the network by locking the coins.

Mining Galactrum favors GPUs and is also ASIC-resistant. Additionally, Galactrum is based upon proven technology from Dash and Bitcoin, for instance, masternodes, coin mixing, transaction locking, and blockchain.

According to the whitepaper, Galactrum (ORE) aims at establishing community control using a voting system and transparent proposal. Any individual may submit a proposal on future development or the current state of Galactrum for a small fee in the form of ORE. Furthermore, the fee is burned, resulting in increased scarcity. The proposal needs to present the changes proposed in a professional and clear manner along with a detailed plan. Writing votes and proposals directly to the blockchain leads to a censorship-resistant and decentralized democracy.

Galactrum (ORE) was launched in December 2017. ORE has been listed on two exchanges so far, but it claims to bring ideas by enabling people to exchange ideas via proposals and a voting system.

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Canada News about Galactrum

The Block • May 01, 24

Bitcoin back above $58,000 as Fed cites ‘lack of further progress’ fighting inflation

Bitcoin's price increased back above the $58,000 mark on Wednesday after the Fed kept interest rates at their current level on Wednesday.

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Decrypt • May 01, 24

Bitcoin, Ethereum Trade Sideways as Fed Leaves Interest Rates Untouched

Amid signs of stubborn inflation in the U.S., the central bank kept its key interest rate at its highest level in over 23 years.

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BeInCrypto • May 01, 24

Tether Posts Record Quarterly Profits of $4.52 Billion

Tether reports a Q1 profit of $4.52 billion, mainly from U.S. Treasury bonds, marking a significant increase in financial transparency and stability.The post Tether Posts Record Quarterly Profits of $4.52 Billion appeared first on BeInCrypto.

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Decrypt • May 01, 24

Bitcoin ETF Leader BlackRock Leads $47M Funding Round in Securitize

BlackRock’s BUIDL fund, created with Securitize, has $375 million in assets under management.

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The Block • May 01, 24

Stablecoin volumes stay strong as FDUSD hits record high, while USDT declines

April volumes shrank slightly as FDUSD and USDe had their best months ever, a sign the market is primed to grow more.

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BeInCrypto • May 01, 24

Crypto Security Exploits See 141% Drop in a Month

April 2024 marked a significant milestone in crypto security, with losses plummeting by 141% to a historic low of $25.7 million. This reduction suggests a marked improvement in blockchain defenses.The post Crypto Security Exploits See 141% Drop in a Month appeared first on BeInCrypto.

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Galactrum is on the rise this week.

The price of Galactrum has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. Galactrum’s price has also risen by 100.00% in the past week.

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