Core

price
change

Discover Core's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Core?

CORE is a cryptocurrency that aims to provide a decentralized and secure digital payment system. It operates on its own blockchain network and utilizes a proof-of-work consensus mechanism for validating transactions and mining new coins. CORE emphasizes privacy features, allowing for anonymous transactions through the use of advanced cryptographic techniques. The project is open-source, with the codebase maintained by a global team of volunteer developers. CORE can be used for peer-to-peer transactions, stored in cryptocurrency wallets, and traded on various digital asset exchanges.

How is Core used?

The crypto Core (CORE) is used as the official token of the Core blockchain, which aims to solve the blockchain trilemma by enhancing decentralization, security, and scalability. The CORE token has several crucial roles, including:

  1. Decentralized Distribution: CORE tokens are distributed in a decentralized manner to support the Core network's utility and governance.
  2. Governance: CORE token holders play a significant role in running and maintaining the Core network, ensuring decentralization, self-sovereignty, and stability.
  3. Utility: The CORE token is used for various functions within the Core ecosystem, contributing to its overall health and efficiency.

The Core blockchain, powered by the CORE token, uses a combination of the Proof of Work (PoW) consensus mechanism, similar to Bitcoin and Dogecoin, and a modified Proof of Stake algorithm called Delegated Proof of Stake. This satoshi plus mechanism enables the blockchain to achieve a balance between decentralization, security, and scalability.

How do I store Core?

To store Core (CORE) tokens, you can use the Core DAO Wallet, which is designed specifically for managing and storing CORE tokens. This wallet offers features such as multi-currency support, real-time market information, and decentralized exchange capabilities. You can access the Core DAO ecosystem through the Bitget Wallet DApp browser, which supports various blockchain assets, including CORE tokens.

How to buy Core?

To buy Core (CORE) tokens, you can follow these steps:

  1. SimpleSwap:

    • Choose the fiat currency you want to exchange for CORE.
    • Select the amount you want to swap.
    • Enter the recipient’s Core address.
    • Send the indicated amount of fiat currency to SimpleSwap.
    • SimpleSwap will send the CORE tokens to your address.
  2. Gate.io:

    • Create an account on Gate.io.
    • Deposit funds into your account.
    • Navigate to the CORE market.
    • Place a buy order for the desired amount of CORE tokens.
  3. MEXC:

  • Open an account on MEXC and pass KYC verification.
  • Click on the “Buy Crypto” link.
  • Choose a payment method (e.g., credit card, bank transfer, P2P trading).
  • Select CORE as the token to purchase.
  • Complete the transaction and receive your CORE tokens in your MEXC wallet.
  1. Metamask:

    • Launch your web browser and search for "core.org".
    • Connect your Metamask wallet to Chainlist.
    • Add the Core blockchain to Metamask.
    • Connect your Metamask wallet to the Core network.
    • You can then purchase CORE tokens on an exchange and transfer them to your Metamask wallet.
  2. CoinCarp:

    • Learn about the different exchanges where you can buy CORE tokens.
    • Understand the risks involved and the importance of storing your tokens securely in a cold wallet.

Remember to always follow the specific instructions for each platform and ensure you have a secure wallet to store your CORE tokens.

Discover
Core
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of Core

Core (CORE) is a relatively new blockchain project that aims to revolutionize the crypto space by addressing the blockchain trilemma, which involves balancing decentralization, security, and scalability. The project was launched in January 2023, and its mainnet was unveiled on January 14, 2023.

Core's history began with an airdrop on February 8, 2023, which gained significant attention and helped establish the project in the crypto market. Since then, the project has seen rapid growth, with over 30 million transactions recorded on its mainnet within three months of its launch. The project has also attracted a large user base, with over 4 million unique wallet addresses.

The Core team, which remains anonymous, is working towards achieving full decentralization, security, and scalability. The project's governance is currently overseen by the development team, but they plan to gradually transition to a more decentralized governance structure. The team is also actively working on incorporating features from other networks and adding new functionalities, such as zero-knowledge functionality.

Core's native token, CORE, has a total supply of 2.1 billion tokens, and the team regularly burns 10% of transaction fees and block rewards. The project has also held airdrops, with one notable event distributing 28 million CORE tokens to over 1.1 million users who registered on the platform before February 6, 2023.

Overall, Core's history is marked by rapid growth and innovation, as it strives to become a self-sustaining, decentralized ecosystem that balances the three pillars of the blockchain trilemma.

Discover
Core
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How Core works

Core (CORE) is a new blockchain project that aims to revolutionize the crypto space by combining the benefits of both Proof of Work (PoW) and Delegated Proof of Stake (DPoS) consensus mechanisms. This unique approach, known as Satoshi Plus Consensus, allows the network to be secure, decentralized, and scalable simultaneously.

Satoshi Plus Consensus

The Satoshi Plus Consensus mechanism leverages the hash power generated by Bitcoin miners and the Delegated Proof of Stake (DPoS) validation model. This is achieved by allowing Bitcoin miners to delegate their hash power to validators on the Core network or run validators themselves. To do this, they synchronize their identity on both Bitcoin and Core using their keys. This integration ensures that the security of the Bitcoin network is utilized to secure the Core network in a trustless manner.

Delegated Proof of Stake (DPoS)

In the DPoS mechanism, users can vote for a rotating group of 21 validators who are responsible for delegating tokens. This feature lowers the entry barrier for smaller token holders, making it more accessible and fair.

Other Features

Core is compatible with the Ethereum Virtual Machine (EVM), allowing for the execution of smart contracts and decentralized applications (DApps). Additionally, Core has collaborated with LayerZero to enable bridging of crypto assets from Binance Smart Chain and Ethereum. The network also offers an account abstraction feature, which allows wallet owners to set up two-factor authentication, enhancing security when interacting with DeFi applications.

CORE Token

The native token of the Core network is CORE, with a total supply of 2.1 billion tokens. The team regularly burns 10% of transaction fees and block rewards, and they have conducted an airdrop for early adopters, distributing over 28 million CORE tokens.

Governance

Core is governed by a Decentralized Autonomous Organization (DAO), which is currently overseen by the development team. However, the team plans to transition to a more decentralized governance model in the future.

Use Cases

Core aims to solve the blockchain trilemma by providing a secure, decentralized, and scalable network. This makes it suitable for a wide range of use cases, including DeFi applications, web3 development, and more. The network's unique features and compatibility with other blockchain networks make it an attractive option for developers and users alike.

Discover
Core
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Core's strengths

The token Core (CORE) has several strengths that contribute to its potential success and adoption:

  1. Decentralization, Security, and Scalability: Core's innovative Satoshi Plus consensus mechanism combines the advantages of Proof of Work (PoW) and Delegated Proof of Stake (DPoS), ensuring a secure, decentralized, and scalable network.

  2. Strong Community and Development Team: Core has a solid team of developers actively working on the project, which is crucial for its long-term success. The community is also significant, with a large portion of tokens allocated to them.

  3. Interoperability: Core is designed to be fully interoperable with other blockchains, centralized environments, and cloud platforms, making it versatile and adaptable to various use cases.

  1. Utility Token: Core Token serves as a payment method, facilitator, and verifier within the CoDeTech ecosystem, providing a wide range of use cases, including digital identity verification and decentralized applications (Dapps).

  2. Governance and DAO: Core has a decentralized autonomous organization (DAO) that handles progressive development, ensuring community involvement and decentralized decision-making.

  3. Tokenomics: The token distribution is well-structured, with a significant portion allocated to the community and a mechanism for burning transaction fees and block rewards, which helps maintain the token's value.

  1. Compatibility and Integration: Core is compatible with the Ethereum Virtual Machine (EVM) and has collaborated with LayerZero to bridge crypto from Binance Smart Chain and Ethereum, expanding its reach and usability.

These strengths position Core as a promising project with a strong foundation for future growth and adoption.

Core's risks

Core Risks are a concept within the Core Drivers framework, which is used to understand an individual's talents and strengths. These risks arise when an individual's Core Drivers, which are sources of strength and talent, become overused and dysfunctional at their extreme. Each Core Driver has a corresponding Core Risk, which can lead to negative behaviors and outcomes. For example, the Passionate Core Driver can turn into Intense behavior, characterized by anxiety, worry, and self-criticism, while the Candid Core Driver can become Insensitive, leading to conflict and a lack of empathy.

Discover
Core
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did Core raise funds?

The crypto project Core (CORE) did not raise funds. There is no mention of CORE in the provided sources.

Discover
Core
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Core’s team

  • Core DAO Team:
    • Lindsey Haswell: Chief Administrative Officer and Chief Compliance Officer.
    • Wayne Hsu: Contributor.
    • CJ Reim: Co-Founder & Managing Partner.
    • Enrique: Contributor.

Whalee AI

The fundamental analysis assistant for crypto value investors.

Core NEWS REPORT

Latest news

Want an analysis of Core? Tell us on discord.

Similar tokens

Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM