What is Core DAO (CORE)?
Core DAO (CORE) is an EVM-compatible Layer 1 blockchain designed to support Ethereum-based smart contracts and decentralized applications (dApps). Powered by the innovative Satoshi Plus consensus mechanism, Core combines Bitcoin’s mining hash power with Delegated Proof-of-Stake (DPoS) for enhanced security and scalability. The network is governed by its native token, CORE, and aims to address the blockchain trilemma—balancing decentralization, security, and scalability.
Launched in January 2023, Core DAO operates as a decentralized autonomous organization (DAO), fostering community-driven governance. The project was co-founded by developers like Brendon Sedo and CJ Reim, with a vision to position Core as the backbone of Web 3.0 infrastructure.
👉 Discover how Core DAO is shaping the future of blockchain
Key Features of Core DAO
Satoshi Plus Consensus
- Hybrid Security: Leverages Bitcoin’s Proof-of-Work (PoW) and Ethereum-inspired DPoS.
- Decentralization: Validators and miners collaborate to secure the network.
- Scalability: Solves congestion issues common in traditional blockchains.
EVM Compatibility
- Supports Ethereum dApps and smart contracts without modifications.
- Developers earn S-Prize tokens for contributing to the ecosystem.
Governance
- CORE token holders vote on proposals, upgrades, and fee structures.
- DAO-led decisions ensure transparency and decentralization.
Uses of the CORE Token
- Staking: Validators and delegators earn rewards for securing the network.
- Governance: Token holders participate in DAO voting.
- Relayer Incentives: Compensation for network relay services.
What Makes Core DAO Unique?
- Blockchain Trilemma Solution: Balances speed, security, and decentralization.
- Developer Rewards: S-Prize tokens incentivize ecosystem growth.
- DAO-Driven: Community-led governance reduces centralization risks.
How to Buy CORE Tokens
Steps to Purchase on XT.COM:
- Create an Account: Sign up on XT.COM.
- Secure Your Account: Enable 2FA and anti-phishing measures.
- Choose Payment Method: Credit/debit cards or crypto swaps.
- Buy CORE: Complete your purchase.
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FAQs
1. Is Core DAO EVM-compatible?
Yes, Core supports Ethereum-based dApps and smart contracts.
2. How does Satoshi Plus consensus work?
It combines Bitcoin’s mining power with DPoS for optimal security.
3. Can I stake CORE tokens?
Yes, staking rewards validators and delegators.
4. Who governs Core DAO?
The DAO, comprising CORE token holders, makes governance decisions.
5. What is the S-Prize?
A reward for developers building on Core’s ecosystem.
6. Where can I buy CORE tokens?
XT.COM offers direct purchases and trading pairs.
Final Thoughts
Core DAO merges Bitcoin’s security with Ethereum’s flexibility, offering a scalable solution for Web 3.0. With robust governance and developer incentives, CORE is poised to be a key player in decentralized ecosystems.