Core Blockchain, the next generation layer

A Secure and Scalable EVM, Compatible Layer 1 Network

Core is a next generation Layer 1 (L1) blockchain that combines Ethereum Virtual Machine (EVM) compatibility with an innovative consensus mechanism known as “Satoshi Plus.” By integrating delegated Bitcoin mining hash and Delegated Proof of Stake (DPoS), Core ensures a secure, scalable, and decentralized network that can efficiently support smart contracts and decentralized applications (dApps).

https://coredao.org/

At its foundation, Core is designed to be fully compatible with the Ethereum ecosystem. This means that developers can seamlessly deploy Ethereum based smart contracts and dApps on the Core blockchain without needing to make significant modifications.

Core’s infrastructure provides an optimized environment for decentralized finance (DeFi), gaming, NFTs, and other blockchain applications.

The defining feature of Core’s security model is the Satoshi Plus consensus mechanism. This hybrid approach combines the strengths of two well established blockchain security models:

  • Delegated Bitcoin Hash Power: Miners can delegate their Bitcoin mining hash power to secure the Core network, integrating Bitcoin’s security with Core’s operations.
  • Delegated Proof-of-Stake (DPoS): Token holders can stake their CORE tokens to participate in governance and secure the network, allowing a more efficient and decentralized block validation process.

This combination enhances security, ensures decentralization, and prevents single-party control over the network, providing a robust and trustless ecosystem.

The CORE token is the native asset of the Core blockchain, playing a crucial role in the network’s operations. It serves multiple purposes, including:

  • Transaction Fees: Users pay gas fees in CORE for executing smart contracts and transactions.
  • Governance: CORE holders can participate in on-chain governance decisions, influencing protocol upgrades and network policies.
  • Validator Incentives: CORE is used to reward validators and developers who contribute to the network’s security and functionality.
  • Staking and Delegation: Users can stake their CORE tokens to support network validation and earn staking rewards.

Core offers several advantages that make it an attractive platform for developers, investors, and users alike:

  • Ethereum Compatibility: Full EVM support enables seamless migration of Ethereum-based dApps.
  • Bitcoin Security Integration: Utilizing Bitcoin’s mining hash power enhances network security.
  • Scalability and Efficiency: The DPoS mechanism ensures faster transaction processing while maintaining decentralization.
  • Decentralized Governance: CORE token holders have a direct influence on protocol decisions.
  • Robust Developer Ecosystem: Core’s compatibility and incentives attract a growing number of developers and projects.

Core is positioning itself as a leading player in the blockchain space by integrating the best aspects of Bitcoin and Ethereum while introducing unique innovations.

The project’s focus on security, decentralization, and usability makes it an ideal choice for Web3 applications. As adoption grows, Core aims to establish itself as a dominant L1 blockchain that bridges the gap between Bitcoin’s security and Ethereum’s versatility.