#Core stats after 24hrs. Hash powered ⚡ 165.53EH/s out of 429.03EH/s. 93,793,821 $CORE already delegated on #corechain With 21 active validators . Check below pic for more . #Coretoshis his #CoreDAO $BTC $ETH
Total #Bitcoin #hash delegated is measured using the number of blocks produced in the #BTC network during the same day of the prior week by all miners who delegated to #corechain. That value is recalculated and refreshed at the beginning of each round. #Coretoshis $BTC $ETH
#CORE is a novel layer one blockchain that is pushing the boundaries within the crypto space. Inspired by Bitcoin and Ethereum,Core progresses beyond those blockchain behemoths by synthesizing each of their superpowers. A student of blockchain history, philosophy, and innovation.
With Satoshi Plus consensus, both Bitcoin miners and CORE token holders can participate in network security by delegating their BTC hash power and staked CORE to a decentralized set of validators. #Coretoshis #Core
With #Bitcoin decentralization and DPoS' scalability, validators on Core can securely and quickly produce blocks and validate transactions. Given this ingenious synthesis of blockchain principles, #CoreDAO contributors must now be considered thought leaders in Chain innovation. $BTC $ETH
Proof of Work: #SatoshiPlusConsensus starts with the Bitcoin Network, as its name suggests. Satoshi Plus directly utilizes Bitcoin's established and superior Proof of Work method, as opposed to creating an entirely new and independent PoW algorithm. In particular, Satoshi Plus' Proof-of-Work component involves Bitcoin miners in the selection of Core's Validator Set by allowing them to assign their hash power directly to the Validators they choose. This hash power is the energy cost that keeps two crucial blockchain components functional. It functions as the first-hand stake in maintaining an accurate ledger. Secondly, it maintains decentralization by promoting involvement from the blockchain's most decentralized consensus network.
Delegated Proof of Stake: In addition to the decentralized security of Bitcoin's PoW, #SatoshiPlusConsensus employs a variant of Ethereum's scalable and energy-efficient Proof of Stake consensus. PoS chooses validators who have a significant quantity of native tokens ( $CORE) as collateral. #Core
$CORE holders
Using Delegated Proof of Stake (DPoS), which gives all CORE holders the ability to vote for the validator set by assigning their CORE holdings to qualified Validators, Satoshi Plus aims to level the playing field. Staked CORE democratization is encouraged by DPoS, which empowers the Core community by enabling even low-stake holders to take part in the validator election process.
The combination of Proof of Work, Delegated Proof of Stake, and an efficient Validator Election Mechanism optimally blends security, scalability, and decentralization. Additional security and scalability is provided by other network participants such as Relayers and Verifiers, which adhere to carefully constructed stick-and-carrot incentives.
#Core is guarded by Bitcoin hash delegated on #CoreChain staking platform. The bitcoiners are being rewarded with $CORE tokens. The #Hash delegated is crossing 50% ⚡. Users delegate their tokens on validators, they are rewarded with $CORE tokens. #Coretoshis his #CoreDAO #Bitcoin
On #Core rails, defended by #Bitcoin governance, individuals in need of #Crypto will be able to safeguard their wealth, transfer assets freely, and build a new internet with their interests at the core.
#Core The bulls are ready to start, with no influence $CORE will hit unimaginable heights in a very short time. It's doing it with no influence. So if you are yet to onboard, just do now. #Core #Coretoshis
#Core If you need future internet freedom in #Web3🤝🥊🌐 look no further, #CoreDAO is the best place with its primary wallet #ElementWallet coming soon. $CORE is a simple of unity and the best which grows with its #Coretoshis Remember Core and #Bitcoin are symbiotic in nature.
#Core is starting its journey with #Coretoshis . a secure, scalable and Decentralized #Chain for future internet . it has been on limited on-chain Decentralization as per their progressive Decentralization . now a full swing is underway to onboarding 1 B to the world of crypto . its time to onboard
Core is a network that evolves with the community that builds it. Core started with a few very committed individuals and developers who launched and supported the network without funding from VCs or centralized institutions.
§ DECENTRALIZATION Decentralization is the transfer of control and decision-making from a centralized entity — a specific individual, organization, or group — to a distributed network. While decentralization is powerful, and an aspirational goal for many organizations, it isn’t easy. Progressive decentralization, which involves implementing decentralization gradually in phases, is a more effective and sustainable approach.
Governance on the Blockchain The main purposes of blockchain governance are to: ✓ Decide on what direction the project should take; ✓ Discuss and vote on ongoing updates; Check whether the protocol is running smoothly and efficiently;
• There are two main forms of blockchain governance, which are often mixed and result in more of a hybrid model:
• Off-chain governance: This includes public discussions, proposals, and updates that are discussed on platforms such as forums, social media, or live events;
• On-chain governance: This is a more formal way of governance, where the different stakeholders such as validators, miners, and developers vote on whether they want to implement certain changes or not;
• Similar to the idea of being a voting citizen in a democratic country, a blockchain’s digital citizens take part in the decision-making process that shapes the ecosystem.
*Progressive Decentralization Core is targeting three stages of decentralization, and is currently entering stage 2: ✅In the initial stage of the project, most of the decisions take place off-chain.
✅ As the project further matures, on-chain governance is increasingly used to determine what some parameters of the Core Network should look like.
✅The final stage of decentralization for Core is to achieve full on-chain governance, where all functions are governed through on-chain voting. #Coretoshis #CoreDAO
Core (CORE) is 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... #Coretoshis through a combination of delegated Bitcoin's mining hash and delegated Proof-of-Stake (DPoS). The protocol is backed by its native token, CORE. #Coretoshis #CoreChain
#Core blockchain concepts, Here are the core concepts of blockchain:
1. **Decentralization:** In a blockchain network, there is no central authority or intermediary. Instead, data is distributed across a network of nodes (computers) that participate in the network.
2. **Blocks:** A blockchain is composed of a series of blocks, each containing a set of transactions.
3. **Transactions:** Transactions are records of data exchanges or interactions on the blockchain. In a cryptocurrency context, transactions represent the transfer of digital assets (e.g., #BTC) from one user to another.
4. **Consensus Mechanisms:** To maintain the integrity of the blockchain and agree on the state of the ledger, blockchain networks use consensus mechanisms. Common mechanisms include Proof of Work (PoW) and Proof of Stake (PoS). These mechanisms ensure that all nodes in the network agree on the validity of transactions and the order in which they are added to the blockchain.
5. **Cryptographic Hashing:** Each block in the blockchain contains a cryptographic hash of the previous block.
6. **Immutability:** Once data is recorded on the blockchain, it is extremely difficult to alter or delete. This immutability is achieved through cryptographic techniques and the consensus mechanism, making blockchain a tamper-resistant ledger.
7. **Distributed Ledger:** The ledger, or record of transactions, is distributed across all nodes in the network.
8. **Smart Contracts:** Smart contracts are self-executing contracts with the terms of the agreement between parties directly written into code. They automatically execute when predetermined conditions are met. #ETH is a popular blockchain platform for creating and executing smart contracts. and now #CoreChain.
9. **Public vs. Private Blockchains:** Public blockchains (like #BTC and #ETH ) are open to anyone, while private chains are restricted to a select group of participants.
10. **Cryptocurrency:** Some chains, like Bitcoin, have their own native cryptocurrencies that is used as fuel within the Blockchain.