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.

Who Are the Founders of Core?

According to the official Core accounts, CoreDAO is a global team of contributors who share a vision and passion for a better web 3.0, idealists who contribute to the growth of the Satoshi Plus ecosystem through blockchain technology. The project has many supporters: about 1.6 million Twitter followers and over 74,000 Telegram followers, however, the identities of the creators, contributors and developers remain undisclosed to the public.

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.

Related Pages:

Find out more about Ethereum — the leading layer 1 blockchain, which uses a proof-of-stake consensus mechanism.

Read more about Avalanche (AVAX), Solana (SOL) and BNB Smart Chain (BNB), some other popular layer 1 chains.

Refresh your knowledge of crypto terms with the CMC glossary.

What are DAOs and how do they contribute to the crypto space? Find out with CMC Alexandria.

Check out 5 social DAOs in the web 3.0 landscape.

How Many Core (CORE) Coins Are There in Circulation?

CORE is the utility and governance token of the Core network, which has a maximum supply of 2.1 billion coins. It works on the scarcity principle of value, following Bitcoin's hard cap.

The developers will implement a burn model similar to Ethereum's "Ultra Sound Money", where a certain percentage of rewards and fees will be determined by the Core DAO and burnt.

The total supply of CORE is distributed into six categories: 39.995% to node mining; 25.029% to Core users; 15% to contributors; 10% to reserves; 0.476% to relayer rewards; 9.5% to the treasury.

How Is the Core Network Secured?

The Core blockchain uses the Satoshi Plus consensus mechanism: a combination of Bitcoin's Proof-of-Work (PoW) framework and a modified Proof-of-Stake (PoS) mechanism aka the delegated Proof-of-Stake (DPoS) model.

In addition, the network is audited by CertiK, a firm specializing in web 3.0 security, blockchain protocol monitoring and crypto audits.

Where Can You Buy Core (CORE)?

Core (CORE) is listed on numerous cryptocurrency exchanges like Huobi, OKX, Gate.io, Bybit, Poloniex, and several others, where users can purchase CORE tokens and trade with USDT pairs.

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