Core (CORE)
What Is Core (CORE)?
Core (CORE) is built as an L1 blockchain that is compatible with Ethereum Virtual Machine (EVM), therefore it can run Ethereum smart contracts and decentralized applications (dApps). The Core network is powered by the “Satoshi Plus” consensus mechanism, which secures the network through a combination of delegated Bitcoin's mining hash and delegated Proof-of-Stake (DPoS). The protocol is backed by its native token, CORE. The developers of the project strive to create an infrastructure that operates at the core of web 3.0, offering revolutionary ideas to solve the blockchain trilemma. The mainnet was launched in January 2023. The blockchain is governed by a decentralized autonomous organization (DAO), where the Core DAO is responsible for the development of the Satoshi Plus ecosystem.
Who Are the Founders of Core?
According to the official Core accounts, CoreDAO is a global team of contributors who share a vision and passion for a better web 3.0, idealists who contribute to the growth of the Satoshi Plus ecosystem through blockchain technology. The project has many supporters: about 1.6 million Twitter followers and over 74,000 Telegram followers, however, the identities of the creators, contributors and developers remain undisclosed to the public.
What Makes Core (CORE) Unique?
Satoshi Plus is the consensus mechanism to validate transactions and secure the Core network; the method is based on Bitcoin’s Proof-of-Work (PoW) and Ethereum’s Delegated Proof-of-Stake (DPoS) pairing. The combination of models allows the network to achieve both decentralization and scalability by dealing with the challenges of the blockchain trilemma. Core provides the composability of an EVM chain, which ensures enabling conditions for managing smart contracts and dApps. By creating dApps on the Core blockchain and bringing value to the ecosystem, developers are rewarded with S-Prize tokens (so-called Satoshi Prize). The protocol opts for decentralization by operating through a decentralized autonomous organization (DAO) that controls transaction fees and governance parameters, proposes upgrades, makes development proposals and votes on proposals.
How Many Core (CORE) Coins Are There in Circulation?
CORE is the utility and governance token of the Core network, which has a maximum supply of 2.1 billion coins. It works on the scarcity principle of value, following Bitcoin's hard cap. The developers will implement a burn model similar to Ethereum's "Ultra Sound Money", where a certain percentage of rewards and fees will be determined by the Core DAO and burnt. The total supply of CORE is distributed into six categories: 39.995% to node mining; 25.029% to Core users; 15% to contributors; 10% to reserves; 0.476% to relayer rewards; 9.5% to the treasury.
How Is the Core Network Secured?
The Core blockchain uses the Satoshi Plus consensus mechanism: a combination of Bitcoin's Proof-of-Work (PoW) framework and a modified Proof-of-Stake (PoS) mechanism aka the delegated Proof-of-Stake (DPoS) model. In addition, the network is audited by CertiK, a firm specializing in web 3.0 security, blockchain protocol monitoring and crypto audits.
Where Can You Buy Core (CORE)?
Core (CORE) is listed on numerous cryptocurrency exchanges like Huobi, OKX, Gate.io, Bybit, Poloniex, and several others, where users can purchase CORE tokens and trade with USDT pairs. Want to keep track of CORE prices live? Download the CMC mobile app.
What tools does Nimbus offer for effortlessly monitoring Core?
Nimbus provides a user-friendly tracking solution equipped with intuitive tools to monitor Core effortlessly. These tools are specifically designed for user convenience, allowing individuals to stay seamlessly updated on the latest trends, prices, and information related to Core. Users can also explore the world of cryptocurrency effortlessly while simultaneously tracking Core prices. The platform also offers insights into profit and loss, providing a comprehensive experience without the complexity typically associated with monitoring cryptocurrencies.
How does Nimbus enable tracking Core prices with profit and loss?
Nimbus facilitates the tracking of Core prices with profit and loss through seamless integration with your crypto wallet for portfolio monitoring. By connecting with your crypto wallet, Nimbus provides a clear and comprehensive overview of various metrics, including profits, losses, revenue, expenses, return on investment (ROI), and other essential financial indicators. This integration ensures that users can analyze their cryptocurrency portfolio with precision, gaining valuable insights into their financial performance. With Nimbus, users can navigate the cryptocurrency landscape with a perfect blend of simplicity and sophistication, enhancing their ability to make informed investment decisions.
How does Nimbus analyze Core, and what insights does it provide?
Certainly! Nimbus possesses a robust analysis tool that is adept at evaluating and interpreting Core . The tool employs diverse strategies, including delving into metadata details, tracking marketplace data, and calculating performance metrics such as Return on Investment (ROI). Through these methodologies, Nimbus provides users with valuable insights into the composition and performance of their Core. Users can gain a comprehensive understanding of their investment. The analysis tool ensures that users are equipped with the necessary information to navigate the cryptocurrency landscape with confidence and intelligence.
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CORE Market Statistics
Price USD
$1.67Market Cap
$1,485,328,814.76Total Volume USD
$101,279,222.45Total Supply
2,100,000,000.00 CORECirculating Supply
887,541,651.05 COREFully Diluted Market Cap
$3,514,415,923.25Socials
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