Leonovus Publishes Galaxa Whitepaper

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[{"type":"text","content":"\n\n\n\nLeonovus Publishes Galaxa Whitepaper\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nOTTAWA and SINGAPORE, Nov. 12, 2018\n\n\n\nOTTAWA and SINGAPORE, Nov. 12, 2018 /CNW/ - Leonovus Inc., (\"Leonovus\" or the \"Company\") (TSXV: LTV) (OTC: LVNSF) at a press conference in Singapore, announced the release of Ver 1.0 of the Galaxa Whitepaper. The news conference in Singapore aligned with Leonovus' participation in the Canadian Trade Mission to the Singapore Fintech Festival.  Singapore is a major global blockchain hub.\n\"We are proud to release this first version of the Galaxa whitepaper and invite feedback from the global blockchain community to help us reflect on, and improve, the architecture and document. We expect several iterations of the whitepaper before the close of financing. The whitepaper is available for downloading on the Galaxa website - galaxa.com,\" said Michael Gaffney, Chairman and CEO. \nThe Galaxa project is an important strategic initiative for Leonovus. The current cloud storage and compute market is an oligopoly and Galaxa intends to challenge this market concentration.  Gartner predicts 30%+ compounded annual growth rates for enterprise cloud data storage and cloud compute. The Galaxa blockchain platform incorporates the patented distributed storage and compute technology, benefiting from USD 26 million in research investment by Leonovus.  It is the first blockchain-enabled, enterprise-class, Anything as a Service (XaaS), distributed storage and compute marketplace. A native cryptocurrency called GAAX is the payment system. Galaxa will introduce a new blockchain architecture designed to accelerate the global development and implementation of XaaS offerings by independent developers that share a worldwide network of enterprise-grade distributed data storage and distributed compute assets. \nIn 2008, Bitcoin was the first major use of a blockchain. In 2015, Ethereum improved the blockchain with the introduction of the Smart Contract. In 2020, Leonovus believes, that Galaxa Smart Services becomes...

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