CoreDAO is a project that has recently gained much attention due to its unique features and promising potential. This article aims to provide a comprehensive understanding of what CoreDAO is, its benefits, and the reasons behind its increasing popularity.
What is CoreDAO?
CoreDAO is a blockchain that uses the Satoshi Plus consensus mechanism. It combines Bitcoin mining, hash arithmetic, and Ether Virtual Machine (EVM) to create a highly secure, scalable, and decentralized blockchain infrastructure. The main goal of CoreDAO is to provide a highly reliable blockchain infrastructure with high consensus.
Satoshi Plus is a new consensus mechanism created by CoreDAO, inspired by the core of Bitcoin (BTC) and Ethereum (ETH). It combines the benefits of Proof of Work (PoW) and Delegated Proof of Stake (DPoS) while overcoming their disadvantages. The community believes that Satoshi Plus Consensus will be the best solution to the Blockchain Triangle Trilemma.
It includes Bitcoin's arithmetic to ensure decentralization, DPoS, and a scalability-ensuring leadership election mechanism. It also includes a collaborative maintenance network to ensure security. Despite only being live for a month, their mainnet was already handling over 142k transactions, representing public acceptance and future potential.
CoreDAO's stipulation of "the sooner you participate, the more you can mine" and the opportunity to get BTC for free drew a large number of users as soon as it was launched. After two years, CoreDAO stopped free mining on December 15, 2022. Meanwhile, in December 2022, it launched mobile mining mode, a novel method of airdropping coins to users. To date, 525 million coins have been airdropped to users worldwide for free via this method. CoreDAO announced the main network launch on January 14, 2023, and teased in an official tweet that it would soon CORE circulation. CORE top-ups are already available on several centralized exchanges, including MEXC.
Five Reasons for CoreDAO's Popularity
1. CoreDAO Is Trying to Solve the Blockchain Trilemma
Satoshi Plus is a new consensus mechanism created by CoreDAO. This consensus is inspired by the core of BTC and ETH, which combines the benefits of PoW and DPoS while overcoming their disadvantages. The community believes Satoshi Plus Consensus will be the best solution to the Blockchain Triangle Trilemma.
It includes Bitcoin's arithmetic to ensure decentralization, DPoS, and a scalability-ensuring leadership election mechanism. It also includes a collaborative maintenance network to ensure security. Despite only being live for a month, their mainnet was already handling over 142k transactions, representing public acceptance and future potential.
2. CoreDAO has a Large and Growing User Base
CoreDAO currently has around 11 million registered users, 6 million mined users, and up to 1.6 million daily transactions. The social media data from the community also performs admirably. Its Twitter account currently has over 1.5 million followers, and its Discord channel has up to 161,759 members. The Core community is rapidly expanding.
CoreDAO also intends to include the NFT community. There are already several NFT launchpads and exciting NFT projects in the works. This will result in a diverse community portfolio.
3. A CoreDAO Airdrop is on the Way
CoreDAO is putting on a special airdrop for the community. Users do not need any specialized hardware, nor do they have to go to any real-world events to participate. On February 8, 2023, the CORE airdrop will distribute 25.03% of Core's total token supply to the community. Meanwhile, the remaining balance will be gradually unlocked over the course of two years. Furthermore, CoreDAO did not accept any outside investment. There were no early token sales or investors profiting from contributors' efforts. Instead, everyone was working hard to reach a better consensus. The novel consensus mechanism makes no concessions to decentralization, security, or scalability.
4. Token Staking is Possible
Another important feature of CoreDAO is token staking, which has piqued the interest of the community in the CoreDAO project. DPoS is used in the Satoshi Plus consensus. In other words, users can temporarily lock their tokens in a smart contract while a new block is validated. Token staking is both a scalable method of mining new blocks and a way to earn passive income. Furthermore, users who stake their tokens will be compensated by the protocol. Staking also has the advantage of frequently lowering token volatility. Coin prices are less likely to fluctuate when there are fewer tokens available for short-term trades.
5. CoreDAO is Listed on Major CEXs such as MEXC
CoreDAO has been successful as a new project in creating a project that will innovate society. Major exchanges are gearing up to list CORE/USDT in their spot market.
Is CoreDAO Trustworthy?
CoreDAO is legal and has been gaining traction with a large and growing user base. This article contains proof of that. Blockchain will be the foundation of humanity's digital law and order for the next 300+ years, and CoreDAO will be one of the projects that laid a solid foundation.
Risk Assessment
Despite the fact that CoreDAO has launched its mainnet, the ecosystem's foundation remains relatively weak. Its developer ecosystem must mature to be the leading public chain and grow in a sustainable manner. The ecosystem development of CoreDAO is currently being tracked. Furthermore, within 60 days of CORE's launch on centralized exchanges, 25% of previously mined coins will be distributed to users as an airdrop, which may cause some market selling pressure. Emerging public chains in the market are attempting to improve the consensus mechanism, and CoreDAO has chosen a path with enormous potential but fierce competition.
In conclusion, CoreDAO is a promising project that aims to provide a reliable and scalable blockchain infrastructure. Its unique features, large and growing user base, token staking, and listing on major exchanges have contributed to its increasing popularity. Despite its weak foundation, the ecosystem development of CoreDAO is being tracked and is expected to improve over time.
What is CoreDAO?
CoreDAO is a blockchain that uses the Satoshi Plus consensus mechanism. It combines Bitcoin mining, hash arithmetic, and Ether Virtual Machine (EVM) to create a highly secure, scalable, and decentralized blockchain infrastructure. The main goal of CoreDAO is to provide a highly reliable blockchain infrastructure with high consensus.
Satoshi Plus is a new consensus mechanism created by CoreDAO, inspired by the core of Bitcoin (BTC) and Ethereum (ETH). It combines the benefits of Proof of Work (PoW) and Delegated Proof of Stake (DPoS) while overcoming their disadvantages. The community believes that Satoshi Plus Consensus will be the best solution to the Blockchain Triangle Trilemma.
It includes Bitcoin's arithmetic to ensure decentralization, DPoS, and a scalability-ensuring leadership election mechanism. It also includes a collaborative maintenance network to ensure security. Despite only being live for a month, their mainnet was already handling over 142k transactions, representing public acceptance and future potential.
CoreDAO's stipulation of "the sooner you participate, the more you can mine" and the opportunity to get BTC for free drew a large number of users as soon as it was launched. After two years, CoreDAO stopped free mining on December 15, 2022. Meanwhile, in December 2022, it launched mobile mining mode, a novel method of airdropping coins to users. To date, 525 million coins have been airdropped to users worldwide for free via this method. CoreDAO announced the main network launch on January 14, 2023, and teased in an official tweet that it would soon CORE circulation. CORE top-ups are already available on several centralized exchanges, including MEXC.
Five Reasons for CoreDAO's Popularity
1. CoreDAO Is Trying to Solve the Blockchain Trilemma
Satoshi Plus is a new consensus mechanism created by CoreDAO. This consensus is inspired by the core of BTC and ETH, which combines the benefits of PoW and DPoS while overcoming their disadvantages. The community believes Satoshi Plus Consensus will be the best solution to the Blockchain Triangle Trilemma.
It includes Bitcoin's arithmetic to ensure decentralization, DPoS, and a scalability-ensuring leadership election mechanism. It also includes a collaborative maintenance network to ensure security. Despite only being live for a month, their mainnet was already handling over 142k transactions, representing public acceptance and future potential.
2. CoreDAO has a Large and Growing User Base
CoreDAO currently has around 11 million registered users, 6 million mined users, and up to 1.6 million daily transactions. The social media data from the community also performs admirably. Its Twitter account currently has over 1.5 million followers, and its Discord channel has up to 161,759 members. The Core community is rapidly expanding.
CoreDAO also intends to include the NFT community. There are already several NFT launchpads and exciting NFT projects in the works. This will result in a diverse community portfolio.
3. A CoreDAO Airdrop is on the Way
CoreDAO is putting on a special airdrop for the community. Users do not need any specialized hardware, nor do they have to go to any real-world events to participate. On February 8, 2023, the CORE airdrop will distribute 25.03% of Core's total token supply to the community. Meanwhile, the remaining balance will be gradually unlocked over the course of two years. Furthermore, CoreDAO did not accept any outside investment. There were no early token sales or investors profiting from contributors' efforts. Instead, everyone was working hard to reach a better consensus. The novel consensus mechanism makes no concessions to decentralization, security, or scalability.
4. Token Staking is Possible
Another important feature of CoreDAO is token staking, which has piqued the interest of the community in the CoreDAO project. DPoS is used in the Satoshi Plus consensus. In other words, users can temporarily lock their tokens in a smart contract while a new block is validated. Token staking is both a scalable method of mining new blocks and a way to earn passive income. Furthermore, users who stake their tokens will be compensated by the protocol. Staking also has the advantage of frequently lowering token volatility. Coin prices are less likely to fluctuate when there are fewer tokens available for short-term trades.
5. CoreDAO is Listed on Major CEXs such as MEXC
CoreDAO has been successful as a new project in creating a project that will innovate society. Major exchanges are gearing up to list CORE/USDT in their spot market.
Is CoreDAO Trustworthy?
CoreDAO is legal and has been gaining traction with a large and growing user base. This article contains proof of that. Blockchain will be the foundation of humanity's digital law and order for the next 300+ years, and CoreDAO will be one of the projects that laid a solid foundation.
Risk Assessment
Despite the fact that CoreDAO has launched its mainnet, the ecosystem's foundation remains relatively weak. Its developer ecosystem must mature to be the leading public chain and grow in a sustainable manner. The ecosystem development of CoreDAO is currently being tracked. Furthermore, within 60 days of CORE's launch on centralized exchanges, 25% of previously mined coins will be distributed to users as an airdrop, which may cause some market selling pressure. Emerging public chains in the market are attempting to improve the consensus mechanism, and CoreDAO has chosen a path with enormous potential but fierce competition.
In conclusion, CoreDAO is a promising project that aims to provide a reliable and scalable blockchain infrastructure. Its unique features, large and growing user base, token staking, and listing on major exchanges have contributed to its increasing popularity. Despite its weak foundation, the ecosystem development of CoreDAO is being tracked and is expected to improve over time.
