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.
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.
Core offers a variety of potential use cases, including:
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.