Since its launch in January 2023, Core DAO has emerged as a leading force in the Bitcoin-focused blockchain space. The organization offers innovative technology and a rapidly growing ecosystem that has attracted millions of users worldwide.
Core DAO's Technology
Core DAO represents a groundbreaking approach to blockchain technology, combining the security of Bitcoin with the programmability of Ethereum-style smart contracts. At the heart of Core DAO's innovation is the Satoshi Plus consensus mechanism, which combines DPoW and DPoS, allowing for high security and necessary scalability.
CORE Token: Purpose and Tokenomics
The CORE token serves as the backbone of the Core DAO ecosystem. It is used for transaction fee payment, network staking, and governance participation. The maximum supply of tokens is 21 billion, distributed over 81 years. A notable feature is the token's deflationary mechanism, where a portion of the transaction fees and block rewards are burned based on DAO decisions.
Core DAO's Development and Future
Core DAO continues to evolve rapidly, offering new technical and ecosystem initiatives. These include the launch of coreBTC for wrapped Bitcoin, lstBTC development, and ecosystem initiatives. The number of active wallets exceeds 5 million, and the number of processed transactions has reached 343 million.
Core DAO represents a significant innovation in the blockchain space, successfully bridging the gap between Bitcoin's security and Ethereum's programmability. With robust tokenomics, a growing ecosystem, and community support, Core DAO maintains its position as a major player in the future of decentralized finance and Bitcoin-focused applications.
