Since its launch in January 2023, Core DAO has become a significant force in the Bitcoin-focused blockchain world, offering innovative technology, including the CORE token and a robust ecosystem attracting millions of users.
Core DAO's Technology
Core DAO combines the security of Bitcoin with the functionality of Ethereum smart contracts, offering a unique value proposition in the cryptocurrency market. Its Satoshi Plus consensus mechanism combines DPoW and DPoS, enhancing network security and scalability.
CORE Token Role
The CORE token plays a crucial role in the Core DAO ecosystem. It is used for paying fees, staking, and governance participation. With a maximum supply of 21 billion tokens, distribution occurs over 81 years, featuring deflationary mechanisms.
Ecosystem and Development
Core DAO has established itself as a leader in the DeFi space. With a TVL approaching $900 million, significant projects within the ecosystem include Colend, Glyph, and BitFLUX. Developments include coreBTC launch and ecosystem expansion initiatives like Core Venture Network.
Core DAO has positioned itself as a significant innovator in the blockchain space, successfully bridging the gap between Bitcoin's security and Ethereum's programmability. Its growing ecosystem and community support highlight its potential for further growth and impact in decentralized finance.
