A revolutionary solution that tackles the Blockchain trilemma
SINGAPORE, 31 March 2023 /PRNewswire/ — Core is a new layer one blockchain that pushes the boundaries within the crypto space. Inspired by Bitcoin and Ethereum, Core goes beyond the blockchain behemoths by synthesizing each of their superpowers. A student of blockchain history, philosophy and innovation, Core optimally balances decentralization, security and scalability.
Without Core’s advancement, crypto has been plagued by the “Blockchain Trilemma,” which states that decentralization, security, and scalability can never be achieved simultaneously. Core DAO contributors have developed a unique consensus mechanism known as Satoshi Plus, which combines the decentralization and security of Bitcoin’s Proof of Work (PoW) with the scalability of Delegated Proof of Stake (DPoS).
With the Satoshi Plus consensus, both Bitcoin miners and CORE token holders can participate in network security by delegating their BTC hash power and stake CORE to a decentralized set of validators. With Bitcoin’s decentralization and DPoS’ scalability, validators on Core can securely and quickly produce blocks and validate transactions. Given this ingenious synthesis of blockchain principles, Core DAO contributors must now be considered thought leaders in blockchain innovation.
Core continues to leverage the best features of all blockchains, and is also EVM compatible, enabling easy implementation of smart contract applications from Ethereum-based chains. The choice of EVM compatibility, like other core design choices, is the result of years of research into the trade-offs of other chains. This student-like approach allows Core to embody the essence of blockchain philosophy centered on decentralization and freedom.
Inspired by philosophy and innovation, Core’s huge and enthusiastic community includes over 1.7 million followers on Twitter and over 239,000 members on Discord. Transferred to on-chain activity, the recent CORE token airdrop was received by over 1.2 million participants, making it one of the largest smart contract interactions of all time. Looking forward, Core’s recent integrations with top-tier projects like Layer Zero are sure to drive unprecedented ecosystem development as more projects continue to see the Core opportunity.
With leading builders, a growing community, and a cutting-edge consensus mechanism, Core is rising to revolutionize the blockchain space.
About CoreDAO
CoreDAO is a new independent blockchain powered by Satoshi Plus, an innovative consensus mechanism that directly leverages the Bitcoin mining hash rate and the Ethereum Virtual Machine (EVM) to power an optimally decentralized, secure and scalable web3. Core DAO’s origins and inspiration come from Bitcoin and Ethereum, but its ambitions go beyond those blockchain titans.
SOURCE CoreDAO
