Review on Galactrum by Pedro O. Alvino M.
Staking system with cold storage.
Decentralized project with a base code in Dash, since it is a fork of that currency, it has a structure that allows users to participate in the network and get benefits in a very simple way, since its Stakenodes function allows users to bet ORE without the need to be online, and these are stored cold.
Designed with the intention of creating an ecosystem where more participation is generated by the community in the project, a governance system was implemented that allows the proposals and votes of the project itself, where the usefulness of the ORE currency is vital in said process.
With its own blockchain network, the block confirmation time is relatively fast compared to other blockchain networks, in addition the cost of fees is almost zero, since the model that secures the network is not mining but staking of ORE coins.
The supply of total coins in the market is low but the commercialization of the coin is scarce, since the model of the coin outside the Galactrum ecosystem is very poor discouraging any interest of a crypto investor in the market.
Pros
- It has a cold storage stake system.
- Composed of a decentralized governance.
- It has an algorithm called Lyra2REv2 that resists the development of custom mining and multi-pool mining.
- The requirements to operate masternodes on the Galactrum network is very accessible.
Cons
- The economy of the ORE coin is descending and the market capitalization as volume is almost nil.
- Despite its unique cold coin stake system, it does not have a sustainable community.
- The role of the currency in the market is very limited.
