CoreDAO

Core (CORE) token is the native cryptocurrency of the Core Blockchain, also known as Core Chain. It operates as an L1 blockchain that is compatible with the Ethereum Virtual Machine (EVM), enabling it to run Ethereum smart contracts and decentralized applications (dApps). The Core network utilizes a unique “Satoshi Plus” consensus mechanism, which combines elements of Bitcoin’s mining hash power and delegated Proof-of-Stake (DPoS) to secure its network. The project aims to address the blockchain trilemma by offering a scalable, secure, and decentralized platform that serves as the foundation for Web 3.0 applications. Core’s mainnet was launched in January 2023, and its governance is managed by a decentralized autonomous organization (DAO), the Core DAO, which oversees the development of the Satoshi Plus ecosystem.

• Total Supply:

• 2,100,000,000 CORE

• Circulating Supply:

• 870,312,072 CORE (as of the latest update)

• Allocation:

• Contributors (Existing and Future):

• 15% (315,000,000 CORE)

• Users:

• 25.029% (525,609,000 CORE)

• Node Mining:

• 39.995% (839,895,000 CORE)

• Reserves:

• 10% (210,000,000 CORE)

• Treasury:

• 9.5% (199,500,000 CORE)

• Relayer Rewards:

• 0.476% (9,996,000 CORE)

As of today #{today’s date}, the price of CoreDAO is ₹100.28 INR or 1.1461 USD, with a 24-hour trading volume of 141165649.9 USD. The market capitalization for CoreDAO is 1058532661.54USD. The circulating supply is 922481854.47 CoreDAO, with the total supply also being 2093846649.94 CoreDAO.

Pros:

• EVM Compatibility:

• Allows for seamless integration and migration of Ethereum-based dApps and smart contracts.

• Satoshi Plus Consensus:

• Innovative consensus mechanism that combines the security of Bitcoin’s hash power with the efficiency of DPoS.

• Decentralized Governance:

• Managed by Core DAO, ensuring community-driven development and decision-making.

• Scalability:

• Designed to address the blockchain trilemma, offering a scalable solution for web 3.0 applications.

• Active Community:

• Strong community support as evidenced by social media presence and community engagement.

Cons:

• New Entrant:

• As a relatively new blockchain, it may face challenges in gaining widespread adoption.

• Competition:

• Faces stiff competition from established blockchains and emerging L1 solutions.

• Regulatory Uncertainty:

• Like all crypto assets, it is subject to regulatory changes that could impact its adoption and value.

• Technical Complexity:

• The innovative aspects of its consensus mechanism may present technical challenges.

• Market Volatility:

• Subject to the high volatility inherent in the cryptocurrency market.

• Innovative Consensus Mechanism:

• The Satoshi Plus consensus offers a unique blend of security and efficiency.

• Strong Foundation for Web 3.0:

• Designed to be at the core of the next generation of the internet, providing a solid investment opportunity in the future of technology.

• Community-Driven Development:

• The involvement of the Core DAO ensures that the project evolves according to the needs and desires of its community.

• Potential for Growth:

• Being a new entrant with a unique value proposition, it has significant room for growth and adoption.

• Interoperability and Scalability:

• Its EVM compatibility and focus on solving the blockchain trilemma make it a promising platform for developers and investors alike.

• Satoshi Plus Consensus:

• A novel approach to blockchain security and efficiency, combining the best of Bitcoin and DPoS.

• EVM Compatibility:

• Ensures ease of migration for developers from Ethereum, fostering a rich ecosystem of applications.

• Decentralized Governance:

• The Core DAO allows for a truly community-driven approach to blockchain development and decision-making.

Core aims to address the blockchain trilemma by providing a scalable, secure, and decentralized platform that can support the demands of Web 3.0 applications. It seeks to overcome the limitations of existing blockchains by offering a more efficient consensus mechanism and fostering a developer-friendly environment through EVM compatibility.

The specific backgrounds of the Core team members are not provided.

The information about the ICO price and listing of Core token is not provided.

• Market Competition:

• The blockchain space is highly competitive, with many projects vying for adoption and developer attention.

• Adoption Challenges:

• As a new platform, Core may face hurdles in attracting users and developers to build on its network.

• Regulatory Risks:

• Changes in cryptocurrency regulations could impact the project’s growth and token value.

• Technical Risks:

• The implementation of the Satoshi Plus consensus and other technical features may encounter unforeseen challenges.

• Volatility:

• Like all cryptocurrencies, CORE is subject to market volatility, which can lead to significant price fluctuations.

The Core whitepaper outlines the technical and philosophical foundations of the Core Blockchain (Core Chain) and its native token, CORE. It introduces the Satoshi Plus consensus mechanism, a novel approach that combines the security of Bitcoin’s mining hash power with the efficiency and scalability of delegated Proof-of-Stake (DPoS). This consensus addresses the blockchain trilemma by providing a scalable, secure, and decentralized platform suitable for Web 3.0 applications.

The whitepaper details the tokenomics of CORE, including its total supply, allocation strategy, and the roles of various stakeholders within the ecosystem. It emphasizes the importance of decentralized governance through the Core DAO, which allows the community to steer the project’s development and make critical decisions.

A significant portion of the whitepaper is dedicated to explaining the technical aspects of the Core Chain, including its EVM compatibility, which enables the seamless migration and operation of Ethereum-based dApps and smart contracts on the Core network. This feature is crucial for fostering a rich ecosystem of applications and services on the platform.

The document also discusses the challenges faced by existing blockchains and how Core aims to overcome these through its innovative consensus mechanism and architectural design. It highlights the potential of Core to serve as the foundation for a new generation of decentralized applications, emphasizing its scalability, security, and developer-friendly environment.

In conclusion, the Core whitepaper presents a comprehensive vision for a blockchain platform that seeks to revolutionize the way decentralized applications are built and operated. By addressing key issues such as scalability, security, and decentralization, Core positions itself as a significant player in the evolution of the blockchain space.