When people think of crypto assets, monetary and technological capabilities often come to mind. Bitcoin, after all, was designed to challenge traditional monetary systems. However, the crypto industry has evolved into a decentralized ecosystem centered around community and inclusivity—values epitomized by Core DAO (CORE).
What Is Core DAO (CORE)?
Core DAO (CORE) is a Layer 1 blockchain project compatible with the Ethereum Virtual Machine (EVM), enabling it to run ETH smart contracts and decentralized applications (dApps). The network leverages a hybrid consensus mechanism called Satoshi Plus, combining Bitcoin’s mining hash power with Delegated Proof of Stake (DPoS) for enhanced security and scalability.
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Key Features:
- EVM Compatibility: Supports Ethereum-based dApps and smart contracts.
- Satoshi Plus Consensus: Merges Bitcoin’s security with DPoS efficiency.
- Web3 Focus: Aims to build foundational infrastructure for decentralized ecosystems.
Core DAO’s Development Team
The project is developed by a global, anonymous team committed to advancing Web3 through decentralized governance. Their vision centers on fostering ecosystem growth via the Satoshi Plus protocol, ensuring transparency and community-led innovation.
How Does Core DAO Work?
Consensus Mechanism:
- Validators secure the network using Satoshi Plus (Bitcoin hash power + DPoS).
- Balances security, decentralization, and composability.
EVM Chain Composability:
- Developers can deploy Ethereum-native dApps and smart contracts.
- Rewards incentivize high-quality dApp creation.
Use Cases:
- Cross-chain interoperability.
- Governance and staking via CORE tokens.
CORE Tokenomics
- Max Supply: 2.1 billion CORE.
- Circulating Supply: 148.38 million (7.07% of total, as of July 2023).
Distribution:
| Allocation | Percentage |
|------------------|------------|
| Node Mining | 39.995% |
| Core Users | 25.029% |
| Contributors | 15% |
| Future Use | 10% |
| Relayer Rewards | 0.476% |
| Project Treasury | 9.5% |
Core DAO’s Vision: Building Web3 Communities
Beyond technology, Core DAO prioritizes community engagement. By rewarding developers for dApp excellence, it cultivates a robust ecosystem where users connect and collaborate—key to mainstream Web3 adoption.
FAQs
Q1: How does Satoshi Plus improve security?
A1: It combines Bitcoin’s mining power with DPoS to resist 51% attacks while maintaining efficiency.
Q2: Where can I trade CORE tokens?
A2: CORE is listed on major exchanges like OKX.
Q3: What’s the staking APY for CORE?
A3: APY varies based on network activity; check Core DAO’s official staking portal.
Q4: Is Core DAO fully decentralized?
A4: Yes, governance is managed by its DAO, ensuring community-driven decisions.