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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.

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News about Galactrum

BeInCrypto • Apr 23, 24

Solana (SOL) Price Breakout: 25% Rally Likely Due to This Reason

Solana's price is breaking out of an ascending triangle pattern which suggests a 25% rally is likely.The post Solana (SOL) Price Breakout: 25% Rally Likely Due to This Reason appeared first on BeInCrypto.

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CoinDesk • Apr 23, 24

Institutional Digital Assets: The Future of Finance Is Here

Tokenization initiatives from BlackRock, JP Morgan and others presage a revolution in payments, wealth management and other key activities of Wall Street, says author Annelise Osborne.

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BeInCrypto • Apr 23, 24

SEC Seeks Comments for BlackRock Spot Ethereum ETF

The SEC invites public feedback on BlackRock’s updated Ethereum ETF proposal, shifting from an ether to a cash redemption model, amidst growing regulatory and market scrutiny.The post SEC Seeks Comments for BlackRock Spot Ethereum ETF appeared first on BeInCrypto.

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Decrypt • Apr 23, 24

Luxury Watches, Designer Shoes Will Soon Trade Like NFTs: Arianee CEO

Arianee CEO Pierre-Nicolas Hurstel sat down with Rug Radio founder Farokh and Decrypt’s Sander Lutz at NFT Paris to discuss everything from the future of on-chain luxury to the secret hack to finding the best restaurants in France.

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Bitcoin Magazine • Apr 23, 24

Bitcoin address types compared: P2PKH, P2SH, P2WPKH, and more

A deeper look at standardized on-chain methods for receiving bitcoin and the essential differences that make each method unique.

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Decrypt • Apr 23, 24

Bitcoin Proposal to Restore Satoshi Code Gets a '420' Update

OP_CAT, which could enable advanced functionality on Bitcoin, was introduced as BIP-420 by Taproot Wizards co-founder Udi Wertheimer.

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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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