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Core
About Core
Core is a token built as an L1 blockchain compatible with Ethereum Virtual Machine (EVM), allowing it to run Ethereum smart contracts and dApps. The Core network is powered by the “Satoshi Plus” consensus mechanism, securing the network through a combination of delegated Bitcoin’s mining hash and delegated Proof-of-Stake (DPoS). The CORE token serves as the native token of the Core blockchain, allowing users to pay for transactions, interact with smart contracts, and participate in governance decisions. It also incentivizes validators and developers to secure and improve the Core network.
Core (CORE) is a token built as an L1 blockchain that is compatible with Ethereum Virtual Machine (EVM), therefore it can run Ethereum smart contracts and decentralized applications (dApps). The Core network is powered by the “Satoshi Plus” consensus mechanism, which secures the network through a combination of delegated Bitcoin’s mining hash and delegated Proof-of-Stake (DPoS). The protocol is backed by its native token, CORE.
The CORE token serves several purposes. Firstly, it serves as the native token of the Core blockchain, allowing users to pay for transactions, interact with smart contracts, and participate in governance decisions. Secondly, it serves as a means of incentivizing validators and developers to secure and improve the Core network.