Core (CORE) is a decentralized network designed to be compatible with the Ethereum Virtual Machine (EVM) as an L1 blockchain. As such, it can run Ethereum smart contracts and decentralized applications (dApps). The Core network is supported by the "Satoshi Plus" consensus mechanism, which combines Bitcoin's Proof of Work (PoW) and Delegated Proof of Stake (DPoS) to secure the network. Specifically, Bitcoin's computational power ensures decentralization, while DPoS and the leader election mechanism guarantee scalability, maintaining overall network security and addressing the trilemma of blockchain. By creating dApps on the Core blockchain and bringing value to the ecosystem, developers will receive S-Prize tokens (Satoshi Prize). The protocol operates through a decentralized autonomous organization (DAO) to achieve decentralization, with the organization controlling transaction fees and governance parameters, proposing upgrades, suggesting development proposals, and voting on them.
The mainnet went live in January 2023. The blockchain is governed by a decentralized autonomous organization (DAO), with Core DAO responsible for the development of the Satoshi Plus ecosystem.
