$GUN What is Core DAO (CORE) and How Does it Work?
Core DAO (CORE) is a next-generation Layer-1 blockchain project designed to merge the security of Bitcoin’s Proof-of-Work (PoW) with the scalability of Proof-of-Stake (PoS). Built to support a decentralized, scalable ecosystem, Core is powered by a unique Satoshi Plus consensus mechanism, making it one of the most innovative projects in the crypto space today.
🔐 Key Highlights
Ticker: $CORE
Consensus: Satoshi Plus (Hybrid of PoW + Delegated PoS)
TVL (Total Value Locked): $900M+
Market Cap: ~$800M (as of mid-2024)
Blockchain Type: EVM-compatible Layer-1
Launch Year: 2023
🌐 How Does Core DAO Work?
🧠 1. Satoshi Plus Consensus
Core DAO’s Satoshi Plus consensus blends:
Bitcoin’s PoW: Uses Bitcoin miners to provide security.
Delegated PoS: Allows users to delegate CORE tokens to validators for governance and block production.
👉 This hybrid ensures decentralization, high security, and energy-efficient scalability — all while maintaining a strong connection to Bitcoin.
⚙️ 2. EVM Compatibility
Core is fully compatible with the Ethereum Virtual Machine (EVM), enabling developers to:
Seamlessly port over Ethereum dApps
Deploy smart contracts using Solidity
🔄 3. Bridging with Bitcoin
Core uses a decentralized BTC bridge, allowing Bitcoin to be used in DeFi, NFTs, and other on-chain applications on Core.
📊 Tokenomics of $CORE
CategoryAllocationEcosystem Growth39.3%Mined CORE25% (over ~81 years)Contributors15%DAO Treasury10%Reserve9.9%Airdrops0.8%
Supply Cap: ~2.1 Billion (same as Bitcoin)
Distribution: Designed for long-term sustainability and decentralization
🧩 Use Cases
Definitely protocols (lending, Dex's, staking)
NFTs and GameFi
DAO governance
Cross-chain applications
Bitcoin DeFi via wrapped BTC
🚀 Developments in 2024
✅ Core Chain growth milestones:
900M+ TVL, rapidly expanding DeFi ecosystem
Top dApps: IceCreamSwap, LFGSwap, ArcherSwap
CorePass ID: Web3 digital identity on Core
CORE staking and
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