Core DAO Launch Date: What is Core DAO Mainnet?
By:C, FionaLatest Core DAO News – Quick Overview
- Core DAO launched the much anticipated CORE airdrop on February 8.
- Core DAO launched its mainnet on January 14. EVM-compatible blockchain Core DAO is now live.
- Huobi announced collaboration with Core DAO on January 16, stating that it will list the CORE token on its platform soon.
- OKX have integrated to Core mainnet and list Core (CORE) for spot trading on January 17.
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Core DAO Mainnet and Satoshi Plus Consensus Explained
Core DAO is the authoritative decentralized organization developing the Satoshi Plus Ecosystem. The team is building web3 infrastructures and promoting public chains on Bitcoin’s Proof of Work (POW).
As per Core DAO’s official announcement, the launch of its mainnet would enable Bitcoin’s soundness, security and decentralization to meet the interoperability, composability, and scalability of Ethereum blockchain.
The Satoshi Plus consensus is built to solve the shortcomings of Bitcoin and Ethereum Blockchain by combining the Proof of Work (POW) of Bitcoin and Delegated Proof of Stake (DPoS) of Ethereum to improve scalability, security, efficiency, and decentralization alongside EVM compatibility unluck the power of decentralized applications for everyone- developers, users. Its aim is to merge the fundamental elements of the blockchain world to its optimal potential.
As is well known, the blockchain sector has advanced swiftly over the past decade and introduced several innovations, developments, and insights. Imagining what the blockchain would look like in 2023, when Satoshi originally planned to release Bitcoin, provided the idea for the Core’s design. Thanks to Bitcoin’s mining hash power, a blockchain that is Turing-complete and EVM-compatible is now ready to serve as the backbone of Web3.
After the integration, Core DAO would work on cementing the Core network with the help of Bitcoin’s mining community, and it would also decentralize and safeguard its network through staking. Core has accepted Bitcoin miners as Satoshi Plus’s “proof of operation” feature and has already been working smoothly since the beginning. Assigning hash power to the Core system is an extremely easy procedure, and new miners would get bonus prizes.
The goal of Core is to support the Bitcoin network by giving Bitcoin miners rewards, which will serve as a second BTC block reward when the Bitcoin supply runs out in the near future. Core has advanced thanks to its guiding concept, which forbids any kind of compromise on scalability, security, and decentralization.
Core DAO is getting much support from all over the world, as at the time of writing this line, a total number of Satoshi BTCs miners reach 10 million with 47 million apps downloaded. And several cryptocurrency projects are already eyeing to build on the Satoshi Plus consensus. However, it takes a lot of conviction and patience to concentrate on the core blockchain components. Due to the lengthy process involved, the Core’s adventure is just beginning with this launch.
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