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Cryptocurrencies/Coins/GlitzKoin (GTN)
GlitzKoin price, market cap on Coin360 heatmap

GlitzKoin(GTN)

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$0.273197
(-2.45%)
0.00001131 BTC
Market Cap (Rank#321)
$67,616,043
2,799 BTC
Vol 24h
$12,510
0.517781 BTC
Circulating Supply
247,499,427.91
Max Supply
?
82 days agocryptodaily
Relictum VS Solana: Comparing Blockchains
Blockchain is a continuous chain of blocks with different data, where amending the last block will not be a problem. However, no previous blocks can be amended, because the hash of the previous block is recorded into each next one. Introduced in 2008, Bitcoin was the first to use blockchain technology. Various platforms have been developed so far to reduce the time of the transaction to hundredths of a second, cut transaction costs, etc. Let’s consider two blockchains similar in operation, but with some differences: Relictum Pro and Solana. Generation Difference The blockchain technology dates back to 2008, when Bitcoin was released. This was the first generation consisting of a coin and based on Proof of Work (PoW). The second generation, blockchain 2, was based on the use of tokens such as Ethereum and the ecosystem of their solutions. The big disadvantage of this blockchain generation was the low transaction speed and energy efficiency. The next blockchain generation addressed issues regarding transaction speed and scaling using various mechanisms. Solana is a 3rd generation blockchain founded in 2017. In the next generation (4th), they took the best and upgraded: ultra-fast transaction confirmation, agreement. Relictum Pro is the 5th generation blockchain. It contains all the best from previous versions along with new features. The infinite distribution registry is able to work simultaneously with the smart contract system. Up to 80% of a human’s entire life can be described through them. Blockchain was founded in 2019. Solana and Relictum Consensus It should be understood that each blockchain has its own system and rules for approving transactions that occur on the network. A special Proof-of-History (PoH) consensus – a blockchain synchronization algorithm or decentralized clock – was created in Solana. This was required to know exactly when a particular transaction was carried out and to compare the time of request receipt. This is how it works in Solana: There is a ready schedule for validator nodes (Leader Schedule). All their actions are synchronized in each block of the network. Time is measured in PoH hashes. In other words, the entire schedule is based on this consensus. Next, some Solana validator node becomes the leader. Its "leading" time is from 0 to 1,000 Proof-of-History hashes. Accordingly, the next time will be from 1,001 to 2,000 hashes, etc. Blockchain transactions are delivered to the leader, which verifies them. After that, the transaction goes to 2 validator nodes and gets verified again, but not by them. The next step is to send it further across the network. There is a clear schedule, where the validator knows exactly when it will become the leader. This means that things are calculated quite simply in this algorithm. Relictum Pro is a new version of the consensus algorithm, similar to the Solana blockchain – Proof-of-Tsar (PoT). The trick is that the network regenerates every 0.5 seconds, which means that the nodes are reconnected in less than a second. This is how it looks like: The network node is randomly selected (everything is automated and unpredictable) to become the Tsar. Several nodes are Generals, i.e. they obey to the Tsar (like validators in Solana). The entire action is taken among them: the Generals collect and transmit transactions above (to the Tsar), and the selected master node processes the transactions and sends them back along the chain. After the Generals, the data are sent further. The main difference from the Solana blockchain is that the selection of the Leader and Generals is an automatic and chaotic process. The same node cannot be the Tsar first and the General next or have the same role 2 times in a row. The main difference from the Solana blockchain is that it is impossible to predict who will become the leader (Tsar). As a result, collisions of double spending and other parasitic events are eliminated. The unique PoT architecture allows to improve performance by increasing the number of nodes. Some Figures Let’s compare blockchain data by other characteristics and throughput. Indicator Relictum Solana Transactions per second 100,000 (already achieved) / 1,000,000 (real value at full-scale launch) 60,000 (in tests) / 700,000 (in theory) Network fill (speed) 0.5 to 1 sec From 10 minutes Consensus (main in the work) Proof of Tsar (PoT) Proof of Stake (PoS), Proof of History (PoH) Commission 0 $ (In the next consensus update, there will be a dynamic commission approximately equal to $0.0001) 0,0002$ Internal token GTN SOL The use of the 5th generation blockchain Relictum Pro is a new opportunity not only for the cryptocurrency market, but also for human activities in many industries. Technical History of Attacks Relictum Pro has never stopped during its existence. Any attacks on the blockchain were 100% repelled using the security tools. Users have never even felt any changes in the operation. However, the same cannot be said about Solana. In 2022 alone (as of May 2), the blockchain experienced the 7th failure due to bots attacking the network. On the night of April 30 to May 1, there were practical problems and interruptions with transactions in Solana. Four million transactions per second from NFT-creating bots overloaded the entire network; validator nodes fell out of the PoH consensus. The main network restarted only after almost 7 hours. This information can be easily checked on the official website status.solana.com, where the technical data is posted. It is easy to trace outages and interruptions in different periods of time, if necessary. The network stopped for 2 hours and 42 minutes on April 30 and for 5 hours and 31 minutes on May 1 due to the Mainnet beta shutdown. Transactions did not go through as a result of regular attacks and network shutdowns, and users were confused. Indeed, the Solana blockchain is quite vulnerable, as clearly demonstrated by its history of failures. Partial outages of 8-29 hours are not uncommon for 2022. By the way, the SOL coin, the internal blockchain cryptocurrency, is also falling against this background. Despite various challenges, Solana remains one of the largest and most used blockchains. However, Relictum Pro is ready to take the work to the next level.
250 days agocryptodaily
Relictum Pro: an overview of the next generation Blockchain 5.0 platform
Despite the popularity of high-demand blockchains like Bitcoin and Ethereum, they are technologically outdated and have some problems with scaling and bandwidth, resulting in slow and expensive transactions. For example, commissions reach $300 in the Bitcoin blockchain and $1500 in Ethereum! Ethereum has become the largest platform for building decentralized applications: crypto exchanges (DEX), landing protocols, and NFT marketplaces. A large number of DApps and high user activity exacerbate the situation, while current Layer-2 solutions, such as Polygon, do not significantly change the situation. To solve this problem, they have to rethink the approach and develop a completely new protocol that complies with scalability and performance principles. And Relictum Pro is one of these protocols, it will be considered in the article. What is Relictum Pro and how it changes the game? Relictum Prois a digital blockchain platform with instant and free transactions and a developed DeFi infrastructure. The Relictum Pro ecosystem includes decentralized services and applications that provide access to a wide range of DeFi financial products: trading (swaps) on DEX, deposits, launching own startups, auctions, payment systems, and games. The platform solves one of the main problems of the crypto industry – inefficient and slow services on the blockchain. Due to a large number of users, the cost of transactions increases because a block can accommodate a limited number of transactions, and miners give priority to users who pay higher fees. Because of this, large queues of unconfirmed transactions are formed in mempools, and for a transaction to be added to a block, it is necessary to increase the commission rate. Besides, dated platforms are unable to scale, that is, their throughput cannot be increased due to the fixed block size and the rate of its mining. Relictum Pro developers have presented an innovative platform in which transactions are confirmed instantly, and users can make an unlimited number of transactions without paying any fees for the transfer. When testing the platform, the team achieved a result of 100,000 transactions per second, and according to calculations, the protocol can scale up to 1 million transactions. How the Relictum Pro protocol works The platform architecture is based on n-dimensional smart contracts and a new type of blockchain network that uses its own Proof-of-Tsar (PoT) consensus algorithm, which we will discuss in more detail a little later. The protocol is based on the Master Chain – the main blockchain that stores hashes of all events that happened on the Relictum Pro blockchain. These hashes cannot be deleted or modified, which prevents data tampering. The transactions themselves are carried out in parallel blockchains or sidechains with smart contracts. The main feature of Relictum Pro is that smart contracts can be combined into multi-contracts, organizing an autonomous n-dimensional structure of parallel blockchains (multi-blockchain), which controls the operation of the platform and ensures the execution of transactions between users. This approach allows one to create new smart contracts with different functions and properties. Proof-of-Tsar consensus PoTis a consensus algorithm developed by the Relictum Pro team. The Proof-of-Tsar consensus uses a unique communication technology between the nodes of the HyperNet network – a virtual circuit switching network based on the TCP/IP protocol, which provides the basis for communication between Relictum Pro nodes. The nodes in the Relictum Pro network are identical, but according to their functions, they are divided into five different types, which are assigned automatically when the nodes are started for the first time: ● Master nodestores blocks formed over the entire time of the network operation. ● Light nodestores blocks for a certain period. ● Private nodestores only its own added blocks. ● Sleep nodeconnects to the network in case of a failure and when the node is first started. ● Sky nodeis created and operates when a user interacts through the web page. The network is organized in such a way as to eliminate the problem of double-spending using the continuous numbering of the Master Chain blocks. This is achieved since a validator node at the time of adding a transaction is not aware of this fact: the network is reorganized every 5 seconds. Due to this, the probability of a hash collision occurs only after a long period, when it becomes irrelevant. Tokenomics The Relictum Pro economy is based on GTN genesis tokens and USDR stable coins. GTN token holders are provided with the right to intellectual property, which is the source code of the platform. 50% of the generated 10 billion GTNs are distributed to investors during several rounds of the token sale, which is currently taking place: so far only 25% of GTNs have been sold. USDR stable coin allows you to access any services and platforms that use digital assets. The main advantage of USDR over the most popular stable coin USDT on the Ethereum and Tron blockchains is zero transaction fees and a token burn mechanism. Relictum EcoSystem RELICTUM is an ecosystem of global projects that solves the problems of the real sector of the economy using blockchain technology of the fifth generation and reveals the capabilities of the blockchain industry for various areas, this is a strong community from 193 countries around the world, these are your opportunities for creativity and business solutions! The RELICTUM ecosystem consists of a powerful set of tools, including: 1. Relictum Pro- Decentralized Blockchain 5.0 with instant and free transactions, available on any device. 2. Relictum Finance- CryptoBank with its own stablecoin USDR, 100% backed. 3. Relictum Рау- A payment cryptosystem providing a stable connection between fiat money and cryptocurrencies. 4. Relictum Lab- A new generation startup accelerator for finding new "unicorns". 5. Relictum NFT- NFT Marketplace with its own unique NFT token protocol. 6. Relictum DEX- A decentralized Exchange with over 500 crypto-trading pairs. 7. Relictum SWAP - A decentralized exchange of any cryptocurrency. 8. Relictum Bridge - Transfer of transactions between all blockchains through a unique bridge protocol. 9. Relictum Games- Global crypto gaming platform. 10. Relictum Storage- Decentralized storage. 11. Relictum Chat- Completely secret crypto chat. Relictum Finance This is a decentralized crypto bank. The USDR stable coin, created by the Relictum Pro team and pegged to USDT is used to access the services of Relictum Finance. Users can quickly exchange USDT (ERC-20 and TRC-20) or Fiat for USDR and receive forging income. Relictum Lab Startup accelerator for launching blockchain projects based on the Relictum Pro protocol. The platform provides a venture fund for startups and helps to obtain funding for promising projects using blockchain technology. All projects are selected by a team of startup accelerator professionals. More than 20,000 Relictum Lab members have invested over $ 10 million in USDR tokens. Relictum DEX Decentralized exchangetrading over 500 pairs of digital assets is also available in the ecosystem. Users get access to the terminal through their wallet: the exchange is made through smart contracts, and the funds remain on the personal accounts of users to which the exchange does not have access. The main advantage of Relictum DEX is an instant exchange without commissions thanks to the platform's blockchain. Besides, the creators of crypto projects can conduct token sales on the exchange, and after that their tokens will be listed with Relictum DEX. Popular crypto-assets such as Bitcoin, Ethereum, and Litecoin are also available on the Relictum DEX platform. When exchanging, users receive tokenized assets of BTC, ETH, and LTC, which can be converted into original cryptocurrencies and withdrawn to their wallets. Relictum Storage Decentralized storagebased on the blockchain, created on multi-contracts, which speed up the search for fragmented parts of files and, as a result, their download. According to estimates, the download speed of files from Relictum Storage is higher compared to conventional P2P platforms, and the cost of cloud storage services is ten times lower: 50 GB of space costs only $5/year. Storage security is achieved by decentralization: users can only access a fragment of the file, which prevents the possibility of data leakage from which centralized services suffer. Relictum Chat A cross-platform, secure, decentralized messenger where users can securely and anonymously exchange messages and create secret chats through the HyperNet virtual channel network. All the messages and chats are securely encrypted, and conversations can only be accessed using a private key that only their participants have. This means that no outsider will be able to access the correspondence without a private key. Conclusion The Relictum Pro platform is rightfully considered unique and innovative: there is currently no protocol offering instant and free transactions on the blockchain other than Relictum. Besides, platform users get single access to a full-fledged ecosystem. Thanks to this, there is no need to use different protocols and transfer assets between blockchains to gain access to various financial services in the DeFi market. Soon, the team will expand the platform's functionality and add new decentralized products: ● Relictum NFTis a marketplace for issuing and trading non-fungible tokens. ● Relictum SWAPis a decentralized AMM with instant swaps and liquidity pools to generate income from pharming. ● Relictum Payis a blockchain-based payment system for instant free cryptocurrency payments. ● Relictum Gamesis a blockchain gaming platform. Join our community and become part of the Relictum metaverse! Follow us https://twitter.com/relictumpro Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About GlitzKoin

The live price of GlitzKoin (GTN) today is 0.273197 USD, and with the current circulating supply of GlitzKoin at 247,499,427.91 GTN, its market capitalization stands at 67,616,043 USD. In the last 24 hours GTN price has moved -0.000628 USD or -0.00% while 12,116 USD worth of GTN has been traded on various exchanges. The current valuation of GTN puts it at #321 in cryptocurrency rankings based on market capitalization.

Learn more about the GlitzKoin blockchain network and how it works or follow the price of its native cryptocurrency GTN and the broader market with our unique COIN360 cryptocurrency heatmap.

GlitzKoin Price0.273197 USD
Market Rank#321
Market Cap67,616,043 USD
24h Volume12,510 USD
Circulating Supply247,499,427.91 GTN
Max SupplyNo Data
Yesterday's Market Cap68,486,680 USD
Yesterday's Open / Close0.277342 USD / 0.276714 USD
Yesterday's High / Low0.283554 USD / 0.272904 USD
Yesterday's Change
0.00% ( 0.000628 USD )
Yesterday's Volume12,116.36 USD
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