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GALAXY NETWORK

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About GALAXY NETWORK

Galaxy Network is a globally distributed blockchain network that uses a novel storage and economic model. The Galaxy Network is a secure, high-speed, and extensible platform that can host a wide range of decentralized applications (Dapps) and digital assets. On the Galaxy Network, anyone can create programs that have no detrimental influence on climate change.

The platform runs on an open blockchain network that uses very little power. It simply requires a little amount of power to deploy and operate. According to the website, Galaxy Network has prioritized the examination of green features from the beginning. The platform tries to have an as little negative impact on the environment as possible.

Galaxy Network's multi-chain technological ecology uses the collaborative expansion technology of "one main chain + numerous application chains" to create a one-of-a-kind multi-chain architecture divided into multiple application chains. This multi-chain design offers additional simultaneous application chains and Galaxy Network's primary chain.

According to its Whitepaper, the project is less energy-intensive because the project uses the lightweight CPOC (conditional proof of capacity) consensus mechanism. The token mining in this mechanism is more distributed than Proof-of-Work or Proof-of-Stake, and the intensity of energy and resources is substantially lessened. The platform is committed to achieving global carbon neutrality, prioritizing environmental protection and social responsibility, and serving as recognized green money.

Galaxy Network's token is GNC. GNC is the native token and the sole carrier of value circulation in all application chains. The tokens are produced by mining and therefore used to give rewards to provide security to the system.

The Galaxy Network is backed by the military of Israel. Yotam Leder, the company's founder, is a former member of Israel's Ministry of Defense, and Gliad Raz, the company's CTO, and Sharon Knoller, the company's COO, are both former members of Israel's national security-related departments.

The token's total supply is ten billion.

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Singapore News about GALAXY NETWORK

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Internet Computer Accelerates Global Expansion Following Massive ICP Global Community Townhall

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BeInCrypto • May 01, 24

Horizon Protocol Futures Testnet Now Live!

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Unchained • May 01, 24

Crypto’s New Hype Sector? TVL in RWA Protocols Nears $8 Billion

A new wave of adoption in the form of Real World Asset (RWA) tokenization could drive the next leg of the crypto market, as protocols catering to this section of the industry gain momentum. Data from Messari shows that RWA protocols have seen their Total Value Locked (TVL) surge 60% ...The post C...

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BeInCrypto • May 01, 24

This Is How Ripple (XRP) Whales Are Initiating a Recovery

XRP price is potentially poised to bounce back with the support of the whales who have been accumulating at low prices, looking to book gains.The post This Is How Ripple (XRP) Whales Are Initiating a Recovery appeared first on BeInCrypto.

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BeInCrypto • May 01, 24

Sending Money as Simple as Texting: Fintopio CEO Steve Milton on Transforming Crypto Payments

In a recent insightful interview with BeInCrypto, Steve Milton, the co-founder and CEO of Fintopio, shared his ambitious plans to revolutionize the cryptocurrency payment industry by focusing on simplicity and user experience.  As a seasoned professional with a rich background in Web3, tech, and ...

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GALAXY NETWORK is on the rise this week.

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

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