With its innovative approach, Core's Satoshi Plus Consensus brilliantly integrates the strengths of decentralization, security, and scalability.
Located in Singapore, Singapore, on March 30, 2023, Chainwire
Core Core emerges as a revolutionary layer one blockchain, redefining the boundaries in the crypto universe. Drawn from the innovations of Bitcoin and Ethereum, Core advances beyond these giants by harmonizing their strengths. A keen observer of blockchain history and ideals, it strikes a perfect balance among decentralization, security, and scalability.
In the absence of Core’s innovations, the crypto industry has faced the notorious 'Blockchain Trilemma,' which highlights the impossibility of achieving decentralization, security, and scalability simultaneously. Taking the challenge head-on, contributors to Core DAO have crafted a distinctive consensus system called Satoshi Plus, which melds the secure decentralization provided by Bitcoin's Proof of Work (PoW) and the impressive scaling offered by Delegated Proof of Stake (DPoS).
With the Satoshi Plus consensus mechanism, both Bitcoin miners and CORE token holders are empowered to enhance the network’s security by channeling their BTC hash rates and staked CORE to a decentralized group of validators. This combination of Bitcoin’s decentralization and DPoS's scalability enables validators on Core to efficiently and securely generate blocks and process transactions. Given this remarkable integration of pivotal blockchain concepts, the contributors to Core DAO are now recognized as leaders in pioneering blockchain advancement.
Core remains committed to harnessing the finest attributes found in all blockchains. It's also compatible with the Ethereum Virtual Machine (EVM), facilitating seamless adoption of smart contract applications from Ethereum-based networks. The choice for EVM compatibility, much like other strategic decisions made by Core, is the product of extensive research into the benefits and drawbacks present in competing chains. This scholarly approach allows Core to embody the core tenets of blockchain philosophy focused on freedom and decentralization.
Driven by passion for philosophy and innovation, Core boasts a vibrant community of over 1.7 million Twitter followers and more than 239,000 Discord members. This enthusiasm translates to impressive on-chain engagement; the recent CORE token airdrop saw participation from upwards of 1.2 million individuals, marking it as one of the largest smart contract interactions witnessed to date. Looking ahead, Core's collaborations with leading projects such as Layer Zero promise significant growth within its ecosystem as additional projects begin to recognize the opportunities Core presents.
With stellar developers on board, a rapidly expanding community, and a transformative consensus model, Core is set to revolutionize the blockchain domain.
About CoreDAO
CoreDAO Emerging as an independent blockchain, Core thrives on the Satoshi Plus consensus—a unique mechanism that strategically utilizes Bitcoin's mining hash power alongside the Ethereum Virtual Machine (EVM) to establish a highly decentralized, secure, and scalable web3. While Core DAO draws its foundational inspirations from Bitcoin and Ethereum, its aspirations are much broader.
Contact
PR in charge
Antonio Wu
MEXC Global
Keep an eye on cryptocurrency distributions in our Airdrops Calendar .
Disclaimer
In line with the Trust Project guidelines Please remember that the information shared on this page is not intended and should not be construed as legal, tax, investment, or financial advice. Always invest what you can afford to lose, and consider seeking independent financial guidance if you're uncertain. For more details, please refer to the provided terms and conditions, as well as the help and support sections offered by the issuer or advertiser. MetaversePost strives for accurate and impartial reporting; however, market conditions can change at any moment.
