Singapore, Singapore, March 30, 2023, Chainwire
Heart is a new layer 1 blockchain that pushes the boundaries of the crypto space. Inspired by Bitcoin and Ethereum, Core steps beyond these 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 advancements, crypto has been plagued by the “Blockchain Trilemma,” which states that decentralization, security, and scalability can never be achieved simultaneously. Tackling the Trilemma head-on, Core DAO contributors have designed a unique consensus mechanism known as Satoshi Plus, which combines Bitcoin’s decentralization and proof-of-work (PoW) security with the scalability of Delegated Proof of Stake (DPoS).
With the Satoshi Plus Consensus, Bitcoin miners and CORE token holders can participate in network security by delegating their BTC hashing power and CORE staking to a decentralized set of validators. With the decentralization of Bitcoin and the scalability of DPoS, validators on Core can produce blocks quickly and securely and validate transactions. Given this ingenious synthesis of blockchain principles, Core DAO contributors should now be seen as thought leaders in blockchain innovation.
Continuing to leverage the best features of all blockchains, Core is also EVM-ready, enabling the 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 approach allows Core to embody the essence of blockchain philosophy centered on decentralization and freedom.
Driven by philosophy and innovation, Core’s massive and enthusiastic community has over 1.7 million followers on Twitter and over 239,000 members on Discord. When it comes to on-chain activity, the recent CORE token airdrop was received by over 1.2 million participants, making it one of the biggest smart contract interactions ever. Going forward, Core’s recent integrations with leading projects such as Layer Zero will certainly lead to unprecedented ecosystem development as more projects continue to see the Core opportunity.
With leading builders, a growing community, and a revolutionary consensus mechanism, Core is rising to revolutionize the blockchain space.
CoreDAO is a new independent blockchain powered by Satoshi Plus, an innovative consensus mechanism that directly leverages Bitcoin mining hash rate and Ethereum Virtual Machine (EVM) to power an optimally decentralized, secure and scalable web3. Core DAO’s genesis and inspiration comes from Bitcoin and Ethereum, but its ambition goes beyond these blockchain titans.