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What Is Core DAO?
Features And Tokenomics
By Ivan Cryptoslav
5m
Created 11mo ago, last updated 11mo ago
CoinMarketCap Academy takes a deep dive into Core, a layer-one blockchain utilizing a novel mechanism termed Satoshi Plus, developed by the Core DAO.
Core (CORE) is a turing-complete and EVM-compatible layer-one blockchain. It claims to leverage the Bitcoin hash rate and the delegated proof-of-stake (DPoS) consensus mechanism to create a blockchain that is secure, scalable and decentralized. Core uses a novel consensus mechanism labeled “Satoshi Plus” to “combine the optimal features” of the two.

Core launched on Jan 14, 2023. According to its own data, it has processed 5.7M transactions at the time of writing. That adds to 2M unique addresses created, as well as a significant social following of 1.6M Twitter followers and 210K Discord members.

Core attempts to solve the blockchain trilemma, which posits that a blockchain cannot be decentralized, secure and scalable at the same time.
The proposed solution is the Satoshi Plus consensus. It is supposed to guarantee decentralization through Bitcoin computing power and scalability through the DPoS consensus mechanism. As Core DAO is the first chain to implement this new algorithm, it aims to achieve the necessary network effects to serve as an accelerator for broader web3 adoption.

The Core blockchain is currently managed by the core team through control of the DAO. In the future, the governance process is supposed to progressively decentralize and task CORE token holders with creating and maintaining a community that believes in the project’s mission. The DAO foresees three stages of development for decentralization:

Off-chain governance, which passes resolutions with a majority of DAO voters.

Limited on-chain governance, which allows changing fixed parameters with on-chain voting.

Full on-chain governance.

A precise timetable has not been established. Core also plans to become fully EVM-compatible to leverage scaling solutions like Zk

Coredao.org