About GALAXY NETWORK
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Additional info about GALAXY NETWORK
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FAQ
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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