CoreDAO is an open-source decentralized blockchain whose mainnet was released in January 2023. It introduces a brand new consensus algorithm called Satoshi Plus. This consensus algorithm aims to solve the blockchain trilemma by optimizing scalability, security, and decentralization all at the same time. As such, it is claimed to be the only truly decentralized consensus to ever exist and to have the ability to springboard for better mass adoption.
In less than a month of operation, the chain has facilitated 4.3 million transactions and 1.7 million addresses.
At the heart of CoreDAO is the Satoshi Plus consensus and the CORE token.
Regarding the Satoshi Plus consensus, it is a combination of Proof of Work and Delegated Proof of Stake. To become a validator, one needs to register with the system and deposit a certain number of CORE tokens. Validator’s performance is scored and ranked. The average CORE holders who don't know about technology can delegate their holdings to their chosen validator and get rewards. Other active participants of the chain include relayers, Bitcoin miners, and verifiers.
CORE token is needed for transaction gas fee, governance, and other utilities within the network.
How Many CoreDAO (CORE) Tokens Are in Circulation?
CORE’s total supply: 2,100,000,000
CORE’s circulating supply: 131,250,000
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