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About Core
Key Points
- Core (CORE) is an L1 blockchain compatible with Ethereum Virtual Machine (EVM)
- Powered by “Satoshi Plus” consensus mechanism, a combination of delegated Bitcoin’s mining hash and delegated Proof-of-Stake (DPoS)
- Mainnet launched in January 2023, governed by a decentralized autonomous organization (DAO)
- Native token: CORE, with a maximum supply of 2.1 billion coins
- Consensus mechanism: Satoshi Plus, a combination of Bitcoin’s Proof-of-Work (PoW) and Ethereum’s Delegated Proof-of-Stake (DPoS)
- Decentralized autonomous organization (DAO) controls transaction fees and
About Core: Empowering the Future of Blockchain
Introducing Core (CORE): A Comprehensive Overview
Core (CORE) is constructed as a Layer 1 (L1) blockchain, boasting seamless compatibility with the Ethereum Virtual Machine (EVM), thereby enabling the seamless execution of Ethereum smart contracts and decentralized applications (dApps). The Core network is fueled by the innovative “Satoshi Plus” consensus mechanism, which ensures the network’s security through a synergistic blend of delegated Bitcoin mining hash power and delegated Proof-of-Stake (DPoS). The protocol is underpinned by its native token, CORE.
The visionary developers behind the project are driven to craft an infrastructure that resides at the very epicenter of web 3.0, introducing groundbreaking solutions to overcome the longstanding blockchain trilemma.
The mainnet was inaugurated in January 2023, marking a significant milestone in the evolution of the Satoshi Plus ecosystem. The blockchain is overseen by a decentralized autonomous organization (DAO), wherein the Core DAO assumes a pivotal role in shaping the ecosystem’s development trajectory.
The Visionaries Behind Core: Meet the Founders
According to official Core accounts, CoreDAO is a globally dispersed collective of visionaries united by a shared passion for a superior web 3.0, driven by idealism and a commitment to fostering the growth of the Satoshi Plus ecosystem through the innovative application of blockchain technology. The project boasts a substantial following, with approximately 1.6 million Twitter followers and over 74,000 Telegram enthusiasts, yet the identities of its creators, contributors, and developers remain shrouded in anonymity.
Unveiling the Unparalleled Attributes of Core (CORE)
Satoshi Plus is a novel consensus mechanism that validates transactions and ensures the security of the Core network, leveraging a hybrid approach that combines the merits of Bitcoin’s Proof-of-Work (PoW) and Ethereum’s Delegated Proof-of-Stake (DPoS). This innovative pairing enables the network to strike a delicate balance between decentralization and scalability, effectively addressing the challenges posed by the blockchain trilemma.
At its core, the platform offers the composability of an EVM chain, thereby establishing the ideal conditions for seamlessly managing smart contracts and decentralized applications (dApps). By building and deploying dApps on the Core blockchain, developers can unlock value within the ecosystem and, in turn, receive S-Prize tokens, aptly referred to as the Satoshi Prize, as a reward for their innovative contributions.
The protocol embodies decentralization by functioning through a decentralized autonomous organization (DAO), which assumes responsibility for regulating transaction fees and governance parameters, submitting upgrade proposals, presenting development initiatives, and exercising voting power on proposals.
What Is the Circulating Supply of Core (CORE) Coins?
CORE is the utility and governance token of the Core network, boasting a capped maximum supply of 2.1 billion coins, thereby adhering to the scarcity principle of value, reminiscent of Bitcoin’s hard cap.
The developers will implement a burn model analogous to Ethereum’s “Ultra Sound Money”, wherein a predetermined percentage of rewards and fees, as dictated by the Core DAO, will be deliberately eliminated from circulation.
The total supply of CORE is allocated across six distinct categories: 39.995% is designated for node mining, 25.029% is reserved for Core users, 15% is allocated to contributors, 10% is set aside for reserves, 0.476% is earmarked for relayer rewards, and 9.5% is assigned to the treasury.
The Core Network’s Robust Security Mechanisms
The Core blockchain is powered by the Satoshi Plus consensus mechanism, a hybrid approach that synergistically combines the robustness of Bitcoin’s Proof-of-Work (PoW) framework with the efficiency of a modified Proof-of-Stake (PoS) mechanism, specifically the delegated Proof-of-Stake (DPoS) model.
Furthermore, the network undergoes rigorous auditing by CertiK, a renowned expert in web 3.0 security, blockchain protocol surveillance, and comprehensive crypto audits.
Acquiring Core (CORE): A Comprehensive Guide to Exchanges and Marketplaces
Core (CORE) has garnered widespread listings on prominent cryptocurrency exchanges, including Huobi, OKX, Gate.io, Bybit, Poloniex, and several others, thereby enabling users to acquire CORE tokens and engage in trading activities with USDT pairs.
Stay up-to-date with real-time CORE price movements by downloading the CMC mobile app.
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