Core (CORE)

The Core Blockchain, also known as Core Chain, was launched on January 14, 2023. It is a layer one blockchain powered by Bitcoin and is compatible with the Ethereum Virtual Machine (EVM). A key feature of this blockchain is its Satoshi Plus consensus mechanism, which combines Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS). This unique approach addresses the blockchain trilemma, striving to achieve decentralization, security, and scalability simultaneously. By utilizing the Bitcoin hash rate and DPoS consensus, Core enhances these elements and aims to drive the adoption of Web3 technology through its innovative network.

Core DAO

Ticker	CORE
Category	Smart Contract Platform
Website	https://coredao.org
Twitter	@coredao_org
Telegram	CoreDAOTelegram

The Core team manages the blockchain through the Core DAO, with plans to progressively decentralize governance. CORE token holders will play a central role in maintaining a community aligned with the project's vision. The DAO's decentralization strategy involves three stages: off-chain governance, limited on-chain governance, and full on-chain governance, allowing for evolving participation and decision-making processes.

Technology

Satoshi Plus

The Satoshi Plus mechanism integrates the Bitcoin miners' hash power with Core validators to synchronize blocks between the Bitcoin and Core networks. DPoS consensus allows token holders to vote for validators, promoting inclusivity among small holders. Validators are selected through a formula involving PoW and DPoS, with the top 21 validators elected for 200 blocks. Misbehavior results in penalties and temporary exclusion. Blocks are mined every 10 minutes, and rewards are distributed to validators and the System Reward Contract.

CoreScan

CoreScan is the official blockchain explorer, API, and analytics platform for the CORE blockchain. It provides open APIs that offer developers access to Core's blockchain data, facilitating easy integration and use of CoreScan's services.

Non-custodial BTC staking

Non-Custodial BTC Staking provides Bitcoin holders with a secure and decentralized way to earn rewards. This involves locking Bitcoin through a time-bound mechanism on the Bitcoin network, allowing participation in Core's consensus mechanism. The process uses CLTV timelocks, ensuring that Bitcoin remains under the user's control while enabling staking and earning CORE token rewards.

Core Bridge

The Core Bridge, powered by LayerZero, enables smooth asset transfers between Core and other blockchains. It includes LayerZero contracts for cross-chain transfers and bridge/token contracts, ensuring seamless interoperability within the blockchain ecosystem.

CORE

CORE is the native utility token of the blockchain, essential for staking and covering gas fees. With a total supply of 2.1 billion, CORE's emission schedule is designed to attract Bitcoin miners to the network. The model is inspired by Bitcoin's tokenomics and incorporates elements from Ethereum, such as burning a portion of block rewards and gas fees.

Tokenomics

CORE's allocation includes:

• Node Mining: 839.9 million CORE tokens (39.995% of total supply)
• Users: 525.6 million CORE tokens (25.029% of total supply)
• Contributors: 315 million CORE tokens (15% of total supply)
• Reserves: 210 million CORE tokens (10% of total supply)
• Treasury: 199.5 million CORE tokens (9.5% of total supply)
• Relayer Rewards: 10 million CORE tokens (0.476% of total supply)

stCORE

Introduced in January 2024, stCORE enhances the functionality of the CORE token by facilitating staking and participating in DeFi protocols. Liquid Staking Tokens overcome traditional limitations, enabling token holders to engage with various DeFi interactions while staking, thus providing greater liquidity and utility.

Partnerships

XLink

On April 29, 2024, XLink, a bridge from ALEX LAB Foundation, was launched on Core Chain, providing users with access to a range of DeFi services.

Pyth

Pyth Price Feeds became available on Core on November 14, 2023, enhancing infrastructure and enabling the development of sophisticated protocols by integrating Pyth into Core's oracle networks.

Ankr

On November 13, 2023, Core integrated with Ankr to offer Core-specific Remote Procedure Calls (RPCs), ensuring high-speed performance for decentralized applications.

SushiSwap

On August 2, 2023, Core DAO integrated SushiSwap into its ecosystem, introducing features such as concentrated liquidity pools and cross-chain swaps to empower users with optimal trading options.

OKX

On March 9, 2023, Core DAO partnered with OKX to enhance product integration and collaboration with the CORE community, focusing on staking agreements and improved compatibility with Core dApps.