BlockchainCryptocurrencyPress Release

CoreDAO: A Revolutionary Solution Tackling the Blockchain Trilemma

Core is a novel layer one blockchain that is pushing the boundaries within the crypto space. Inspired by Bitcoin and Ethereum, Core progresses beyond those blockchain behemoths by synthesising each of their superpowers. A student of blockchain history, philosophy, and innovation, Core optimally balances decentralisation, security, and scalability.

Without Core’s advancements, crypto has been plagued by the “Blockchain Trilemma,” which states that decentralisation, security, and scalability can never be achieved simultaneously. Tackling the Trilemma head-on, Core DAO contributors have designed a unique consensus mechanism known as Satoshi Plus, which marries the decentralisation and security of Bitcoin’s Proof of Work (PoW) with the scalability of Delegated Proof of Stake (DPoS).

With Satoshi Plus consensus, both Bitcoin miners and CORE token holders can participate in network security by delegating their BTC hash power and staked CORE to a decentralised set of validators. With Bitcoin’s decentralisation and DPoS’ scalability, validators on Core can securely and quickly produce blocks and validate transactions. Given this ingenious synthesis of blockchain principles, Core DAO contributors must now be considered thought leaders in blockchain innovation.

Continuing to leverage the best features of all blockchains, Core is also EVM-compatible, allowing for the easy implementation of smart contract applications from Ethereum-based chains. The choice of EVM-compatibility, like other Core design choices, results from years of research into the trade-offs of other chains. This student-like approach allows Core to embody the essence of blockchain philosophy centred on decentralisation and freedom.

Inspired by philosophy and innovation, Core’s massive and enthusiastic community constitutes over 1.7 million followers on Twitter and over 239,000 members on Discord. Carrying over to on-chain activity, the recent CORE token airdrop was received by over 1.2 million participants, making it one of the largest smart contract interactions of all time. Looking forward, Core’s recent integrations with top-tier projects like Layer Zero are sure to lead unparalleled ecosystem development as more projects continue to see the Core opportunity.

With leading builders, a growing community, and a groundbreaking consensus mechanism, Core is rising to revolutionise the blockchain space.

Editorial

Asia Online is South East Asia's Largest Independent Tech News Publisher. Our Tech News Network covers news from around the globe with specialist focused new portals. Not all of the team is Web3 Savvy - But the ones writing for Decentralyze have a passion for Web3 stories !

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