Launched in January 2023, Core DAO has quickly become a key player in the blockchain space with its unique technology, CORE token, and expanding ecosystem.
Understanding Core DAO's Technology
Core DAO represents an innovative approach, combining Bitcoin's security with Ethereum-like smart contracts. The Satoshi Plus consensus mechanism combines Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS), ensuring network security and scalability.
CORE Token: Purpose and Tokenomics
The CORE token is pivotal within the Core DAO ecosystem for transaction fees, staking, and governance. It follows a distribution plan including node rewards and community airdrops, supported by a deflationary burn mechanism.
The Growing Core DAO Ecosystem
With a TVL nearing $900 million, Core DAO solidifies its presence in DeFi with projects like Colend and Glyph offering loan platforms and decentralized exchanges, supporting 94 projects and attracting significant developer interest.
Core DAO successfully merges Bitcoin's security with Ethereum's potential, establishing itself as a major player in decentralized finance and Bitcoin-focused blockchain applications.
