Core
What Is Core (CORE)?
Core (CORE) is built as an L1 blockchain that is compatible with Ethereum Virtual Machine (EVM), therefore it can run Ethereum smart contracts and decentralized applications (dApps). The Core network is powered by the “Satoshi Plus” consensus mechanism, which secures the network through a combination of delegated Bitcoin's mining hash and delegated Proof-of-Stake (DPoS). The protocol is backed by its native token, CORE.
The developers of the project strive to create an infrastructure that operates at the core of web 3.0, offering revolutionary ideas to solve the blockchain trilemma.
The mainnet was launched in January 2023. The blockchain is governed by a decentralized autonomous organization (DAO), where the Core DAO is responsible for the development of the Satoshi Plus ecosystem.
What Makes Core (CORE) Unique?
Satoshi Plus is the consensus mechanism to validate transactions and secure the Core network; the method is based on Bitcoin’s Proof-of-Work (PoW) and Ethereum’s Delegated Proof-of-Stake (DPoS) pairing. The combination of models allows the network to achieve both decentralization and scalability by dealing with the challenges of the blockchain trilemma.
Core provides the composability of an EVM chain, which ensures enabling conditions for managing smart contracts and dApps. By creating dApps on the Core blockchain and bringing value to the ecosystem, developers are rewarded with S-Prize tokens (so-called Satoshi Prize).
The protocol opts for decentralization by operating through a decentralized autonomous organization (DAO) that controls transaction fees and governance parameters, proposes upgrades, makes development proposals and votes on proposals.
