What is Core (CORE)?
Core (CORE) is a Layer-1 blockchain that introduces the Satoshi Plus consensus mechanism, integrating both Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS). This innovative approach aims to create a secure, decentralised, and scalable blockchain network.
The Satoshi Plus Consensus Mechanism
Core’s Satoshi Plus consensus mechanism represents a significant advancement in blockchain technology. By merging DPoW and DPoS, Core incorporates Bitcoin miners into the process of securing smart contracts. This synergy not only enhances security but also reinforces the relationship between the Core network and Bitcoin.
EVM Compatibility
One of the standout features of the Core blockchain is its compatibility with the Ethereum Virtual Machine (EVM). This allows developers to deploy Ethereum smart contracts and decentralised applications (dApps) on the Core network, promoting a seamless transition for existing Ethereum projects. Developers are incentivised to build innovative dApps, further enriching the ecosystem.
The CORE Utility Token
CORE is the native utility token of the Core network. It serves multiple purposes, including transaction fees, node operator payments, staking, and governance. Token holders have the privilege to participate in the governance of the network through a decentralised autonomous organisation (DAO), allowing them to influence key decisions regarding token governance and consensus mechanisms.
Addressing the Blockchain Trilemma
Core aims to tackle the blockchain trilemma – the challenge of achieving decentralisation, scalability, and security. By leveraging the Satoshi Plus consensus and engaging the community in governance, Core intends to enhance the Bitcoin network’s efficiency without consuming excessive block space. This strategic approach ensures that the network can grow sustainably while remaining true to its core principles.
Key Features of Core
- Innovative Consensus Mechanism: The Satoshi Plus mechanism combines the strengths of DPoW and DPoS.
- EVM Compatibility: Facilitates the running of Ethereum dApps and smart contracts.
- CORE Token Utility: Used for fees, staking, and governance within the ecosystem.
- Community Governance: Enables active participation from token holders in protocol development and directions.
Official Resources
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