CORE

1.Project introduction

The blockchain trilemma is an issue that is deeply studied by both academics and market participants. It states that all cryptocurrencies, including Bitcoin, Ethereum, etc., must make trade-offs between optimal security, scalability and decentralization, often prioritizing the two at the expense of the third element. elements.

CORE’s solution to the trilemma is the Satoshi Plus consensus, which runs at the core of the Core Network. The Satoshi Plus consensus combines Proof of Work (PoW) and Delegated Proof of Stake (DPoS) to leverage the strengths of each while ameliorating their shortcomings. Specifically, Bitcoin computing power ensures decentralization, DPoS and leadership election mechanisms ensure scalability, and the entire network maintains overall security. Core is the first chain to implement this new consensus mechanism. CORE hopes to leverage the power of community to achieve the necessary network effects needed to create a successful currency and serve as a much-needed springboard for wider adoption of Web 3.

2.Team introduction

Satoshi Plus Developer

3. Token application

CORE’s supply is hard capped at 2.1 billion tokens. Above the hard cap, a certain percentage of all block rewards and transaction fees will be burned, similar to Ethereum’s “super-sound money” model. The exact percentage burned will be determined by the DAO.

In reality, CORE will gradually approach but never quite reach the total number of 2.1 billion tokens, similar to Avalanche’s token economic model.

Emission curve:

CORE’s block rewards will be paid out over 81 years. This longer period increases the likelihood of chain success by fully incentivizing all network participants before transitioning to compensation purely through transaction fees. This additional block reward in the form of CORE can also be considered as a way for existing BTC miners to continue after Bitcoin block rewards stop (around 2040) by leveraging their existing hashing power to become validators on the Core network. One way to get subsidies.