GALE, OF THE GALLEON COIN

Intro

GALE Cryptocoin is a cryptocurrency that claims to be unique in its use of the SHA-256csm algorithm, which is resistant to ASIC mining. This means that anyone with a GPU, regardless of its video memory, can mine GALE without competing with specialized hardware. GALE also does not require a DAG file, which is a large file that some cryptocurrencies use to verify transactions and prevent double-spending. GALE aims to be a casual GPU miner’s best friend, offering a long PoW phase and a generous block reward.

According to the GalleonCoin website1, the SHA-256csm algorithm is a modified version of the SHA-256 algorithm, which is used by Bitcoin and other cryptocurrencies. The difference is that SHA-256csm adds a checksum to the hash, making it more secure and less prone to collisions. A collision is when two different inputs produce the same hash output, which can compromise the integrity of the data.

GALE has a total supply of 5 billion coins, which will be distributed over 5 million PoW blocks. Each block takes 60 seconds to generate and rewards 1000 GALE to the miner. Out of this, 20% (200 GALE) is reserved for masternode owners, who provide additional services to the network, such as instant and private transactions, governance, and decentralized applications. To run a masternode, one needs to own at least 10,000 GALE as collateral and have a dedicated server with a static IP address.

GALE also has a halving schedule, which means that the block reward will decrease by 50% every 1.25 million blocks, or approximately every 2.38 years. The first halving will occur at block 1,250,000, reducing the reward to 500 GALE per block. The second halving will occur at block 2,500,000, reducing the reward to 250 GALE per block, and so on. The last halving will occur at block 5,000,000, ending the PoW phase and leaving only transaction fees as the incentive for miners.

GalleonCoin / GALE is a cryptocurrency project that aims to revive the casual GPU mining scene and support the preservation of the Spanish language in the Philippines. Here is a brief summary of the project:

• GalleonCoin / GALE is a Proof-of-Work (PoW) coin that uses the SHA-256csm algorithm, which is resistant to ASIC mining and does not require a DAG file.
• GalleonCoin / GALE is also a Masternode coin, which means that users can run nodes that provide additional services to the network, such as instant and private transactions, governance, and decentralized applications.
• GalleonCoin / GALE is loosely based on PIVX, a privacy-focused cryptocurrency that is itself a fork of Dash.
• GalleonCoin / GALE has a total supply of 5 billion coins, which will be distributed over 5 million PoW blocks. Each block takes 60 seconds to generate and rewards 1000 GALE to the miner. Out of this, 20% (200 GALE) is reserved for masternode owners. GALE also has a halving schedule, which means that the block reward will decrease by 50% every 1.25 million blocks, or approximately every 2.38 years. The first halving will occur at block 1,250,000, reducing the reward to 500 GALE per block.
• GalleonCoin / GALE has a twofold objective: to make casual GPU mining on mid to low-end machines viable again, and to donate half of the premine (500 million GALE) to organizations promoting the preservation of the Spanish language in the Republic of Philippines. Spanish was the official language of the country for more than three centuries under Spanish colonial rule, and became the lingua franca of the Philippines in the 19th and early 20th centuries. However, it was gradually replaced by English and Filipino as the official languages after the American occupation and independence.
• GalleonCoin / GALE has a catchy logo, a very active Discord, and an endless wall of memery and freebies to promote the Plebeian Enlightenment and a worthy cause. The project’s website features a historical and cultural background of the Philippines, as well as a detailed explanation of the technical aspects of the coin.

RESOURCES
#galleoncoin #gale #coin #altcoinmasternod #newmasternode #masternodecoin #profitable #masternode

https://www.galleoncoin.org/
https://discord.com/invite/J8apCwQ6bY
https://twitter.com/galleon_coin
https://t.me/+4nAnc8nitD82NWY1

Proof of Authentication
https://www.altcoinstalks.com/index.php?topic=316300.msg1481910#msg1481910
Wallet 0xc5df5839c467b2d7A69f461979255443A8637955