Galactrum price is $0.00029715
The current price of Galactrum (ORE) is $ 0.00029715. Over the past 24 hours, its price has increased by +0.00%%.
Galactrum (ORE) is an innovative and experimental cryptocurrency. It is designed to be autonomous, resilient, self-governing, and self-funding. Drawing on proven technology from leading cryptocurrencies like Bitcoin and Dash, Galactrum fosters a secure, encrypted space for financial transactions. It incorporates blockchain technology, masternodes, coin mixing, and transaction locking. This ensures its adaptability and security in the rapidly evolving digital economy.
While the specific individuals or team behind Galactrum have not been explicitly stated, it is clear that the developers have drawn from experiences and technology within the wider crypto sphere. Their commitment to creating a currency that champions autonomy and resilience shows a forward-thinking approach to decentralized finance.
Much like its predecessors Bitcoin and Dash, Galactrum employs blockchain technology to provide a secure, decentralized ledger for transactions. Transactions on the network are processed through masternodes, specialized servers that earn rewards for validating operations on the blockchain. For extra privacy, Galactrum employs coin mixing whereby multiple transactions are combined to obscure their origins. Additionally, Galactrum offers transaction locking to guarantee the near-instantaneous transfer of funds, ensuring the system is both secure and efficient.
Galactrum is unique in that it has been designed as a self-governed, self-funded cryptocurrency. The implementation of masternodes and ASIC-resistant mining, which favors GPUs, not only helps secure the network but also ensures that rewards are fairly distributed amongst a broad number of users. The coin's self-governing feature allows for participatory management, with the community making key decisions on the future trajectory of the system.
Galactrum employs a form of Proof of Work mining that is resistant to ASIC (Application-Specific Integrated Circuit) chips, typically used in cryptocurrency mining for their efficiency. This resistance is designed to prevent centralization of mining activities and to give individual miners with GPUs (Graphic Processing Units) a fair chance at mining rewards.
The Galactrum network employs a robust set of security measures to ensure safe transactions. The use of cryptographic proofs backs all payments and transfers on the system. Its masternodes, which are fortified servers, maintain the network's integrity and security. Galactrum's use of coin mixing and transaction locking further bolster the system's security against potential attacks or fraud.
As of now, Galactrum (ORE) ranks #1 in the global cryptocurrency market, with a market cap of $ . The trading volume over the past 24 hours has been 0.0.
Galactrum (ORE) can currently be purchased on multiple cryptocurrency exchanges. These include STEX, Cryptopia, Livecoin.
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