What is Core DAO (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.

Core DAO was founded by a group of developers and contributors, including Brendon Sedo and CJ Reim, among many others who have not chosen to make their identities known at this time. It is currently governed by the main development team, although in time, they will give way to the Core DAO.

Resource

White paper

Official website

Core DAO (CORE) blockchain explorer

What is CORE used for?

As the system’s main token, CORE is used as a reward for node operators who either provide hashing power or stake their CORE tokens to become validators on the Core network. CORE token holders can delegate their tokens to a validator and vote to validate transactions. The CORE token is also used to compensate relayers who help to secure the blockchain network.

As Core DAO becomes sufficiently decentralized, users will be able to stake their tokens to vote and make decisions for the improvement of the network.

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.

How to buy Core DAO (CORE) on XT.COM?

Core DAO (CORE) can be purchased directly from XT.COM by using a debit or credit card. Core DAO (CORE) can also be traded for other cryptocurrencies on the XT.COM Crypto Exchange. Live Core DAO (CORE) price is updated in real-time on XT.COM. Buy Core DAO (CORE) on XT.COM in four simple steps:

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   Click on the “Buy Crypto” link on the top left of the XT.COM website navigation, which will show the available options in your country.
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