Core(CORE): a hybrid of Bitcoin PoW and Ethereum DPoS

Have you heard of Core? This L1 public chain just launched in January 2023 and is currently a hot topic of discussion in the community. Simply put, Core is an EVM-compatible chain, but its consensus mechanism has introduced some new twists.

Core Mechanism: Satoshi Plus

The most interesting aspect of Core lies in its consensus mechanism called “Satoshi Plus”—the name clearly pays homage to Bitcoin. It combines Bitcoin's PoW mining with Ethereum's DPoS delegated proof of stake. What does this mean? It retains the strong security and high decentralization of Bitcoin's mining method while borrowing the efficiency of Ethereum's DPoS. Theoretically, this design can address the “three challenges” of blockchain (security, decentralization, scalability) simultaneously.

Ecological Incentive Model

Core uses its own CORE token to maintain the entire network. Developers building dApps and contributing code on Core can also earn S-Prize token rewards—this model aims to attract more builders. Network governance is handled by Core DAO, and the community can vote to decide transaction fees, parameter adjustments, and even new proposals. It sounds very democratic, but the actual effect depends on community activity.

What can be done?

EVM compatibility means that Ethereum's dApps can basically run directly on Core. This simplifies things for developers—they don't need to redevelop, just deploy. Therefore, Core is positioned as the infrastructure for Web3.0, aiming to become a public chain that is secure, fast, and sufficiently decentralized.

Background

The project team's information is quite mysterious, and the identity of the founder has not been made public. This is relatively rare in the crypto world, but there are precedents. Since its launch in January, although it does not have the backing of a large exchange like Binance, there is still community interest.