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What is Core?
Core (CORE) is a cryptocurrency that functions on its own Layer-1 blockchain which is compatible with the Ethereum Virtual Machine (EVM). It aims to provide a scalable, decentralised, and secure digital payment system. Core employs a unique Satoshi Plus consensus mechanism that combines elements of Bitcoin's Proof-of-Work and a modified Delegated Proof-of-Stake algorithm to enable transaction validation and coin mining.
How does Core work?
Core operates as a Bitcoin-powered blockchain, incorporating the Satoshi Plus consensus mechanism. This involves a combination of Delegated Proof of Work (DPoW) from Bitcoin miners and Delegated Proof of Stake (DPoS) from CORE token holders. This dual approach enhances the security of its smart contracts. Core's EVM compatibility allows developers to transition Ethereum-based dApps to its blockchain seamlessly, featuring Core-Native Wrapped Bitcoin and enhanced transaction validation processes.
What are the potential use cases for Core?
Core offers a variety of potential use cases, including:
- Bitcoin-native yield and smart contracts which enhance Bitcoin's functionality.
- Non-custodial Bitcoin staking allowing users to stake without transferring custody.
- DeFi applications for activities like lending, borrowing, and swapping.
- Web3 projects that support NFTs and gaming.
- Cross-chain solutions fostering interoperability among different blockchain networks.
What is the history of Core?
Core was crafted to address the blockchain trilemma of decentralisation, security, and scalability, taking inspiration from platforms like Bitcoin and Ethereum. Its mainnet launch occurred on January 14, 2023, with a successful token airdrop and listing on multiple exchanges following. Significant achievements include the introduction of Non-Custodial Bitcoin Staking in April 2024 and the establishment of the Core Commit Program to further drive blockchain innovation. The evolution of Core technology has solidified its role in achieving a balance of critical blockchain attributes.
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Frequently Asked Questions (FAQs)
What is the current price of Core (CORE)?
The Core price is $1.6186 AUD, representing a -1.41% from the day prior.
Where is the best place to buy Core (CORE) in Australia?
The best place to buy Core (CORE) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Core (CORE) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Core (CORE)?
The trading volume of Core (CORE) is $76.6M AUD in the last 24hrs, representing a -1.41% from the day prior.
How can I buy Core (CORE)?
Core (CORE) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Core (CORE)?
The current market cap of Core (CORE) is $1.5B AUD.
Can I convert Core (CORE) to cash?
Yes - With Coinstash you can convert your Core (CORE) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Core (CORE) are there?
The current circulating supply of Core (CORE) is 933.6M.
Is Coinstash a safe place to buy Core (CORE) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Core (CORE) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.