Core

Core Cryptocurrency (CORE)

Core is a new blockchain project that aims to change the crypto space in several meaningful ways. It is run by DAO (Decentralized Autonomous Organization) and has a number of interesting features.

The main unique characteristic of the protocol is Satoshi Plus Consensus. Core combines Proof of Work (PoW) and Delegated Proof of Stake (DPoS). Essentially, BTC miners take part in the operation of the ecosystem: they delegate hash power to validators on the Core validator, or they can run validators themselves. To do this, they sync their Bitcoin and Core identities using their keys.

In terms of DPoS, the Core system allows users to vote for members of a rotating group of 21 validators who can delegate their tokens. With this feature, the team lowers the barrier to entry for small token holders. The two protocols work in tandem to make the system simultaneously secure, decentralized and scalable; they also make both mining and staking possible.

Other features include:

• Smart contracts and DApps functionality. Core is compatible with the Ethereum Virtual Machine.
• Bridge. Core has collaborated with LayerZero, and now the project's clients can link their cryptocurrency to Binance Smart Chain and Ethereum.
• Core faucet. Those who connect their wallets and also transfer 10 USDT or more receive some CORE for free to pay transaction fees.
• Account Abstraction. It provides crypto wallet owners with the ability to set up two-factor authentication, thereby providing another layer of security when working with DeFi applications.
• CORE is the network's native token. The total supply is 2.1 billion tokens, and the team regularly burns 10% of transaction fees and block rewards.

The Core team held an airdrop for those who registered on the platform before February 6, 2023 . As a result, more than 1.1 million airdrop claims transactions were conducted with the distribution of 28 million CORE tokens. In the future, the project wants to hold more such events.

History of the CORE DAO project

The history of Core began in January 2023 with the launch of the main network. This is a relatively new project and has already gained popularity: the developers say that by April 2023, more than 30 million transactions had been made on the main network.

Anonymous team wants Core to be the center of everything Web3and plans to include features from other networks in the future. At the moment, the Core developers want to add zero-knowledge functionality to the project.

Advantages of CORE

1. Fastly developing and popular system.
2. Availability. Core has lower barriers to entry for those users who want to be validators and other participants.

Disadvantages of CORE

1. Complexity. The entire protocol is quite technically dense, which will likely make it difficult to understand for those new to the world of cryptography.
2. Core Team Management. For now, the developers are overseeing the DAO because they are still working on decentralization. They plan to change the situation in the future, but for now the management can hardly be called truly autonomous.