What is CORE Protocol? A Technical Deep Dive

CORE is an Ethereum Virtual Machine (EVM) compatible Layer 1 blockchain that enables the execution of Ethereum smart contracts and decentralized applications (dApps). The network operates on the innovative "Satoshi Plus" consensus mechanism, which uniquely combines elements from Bitcoin's mining hash function with Delegated Proof of Stake (DPoS) to secure the network.

The protocol is powered by its native token, CORE, which plays a central role in network governance and utility. The development team behind CORE aims to establish an infrastructure that operates at the heart of Web 3.0, introducing innovative solutions to address the blockchain trilemma. The CORE network is governed by a Decentralized Autonomous Organization (DAO), Core DAO, which oversees the development of the Satoshi Plus ecosystem.

How CORE Protocol Functions

The CORE protocol operates on the Satoshi Plus consensus mechanism, a hybrid approach that integrates Bitcoin's Proof of Work (PoW) with Ethereum's Delegated Proof of Stake (DPoS) to validate transactions and secure the network. This technical combination aims to achieve both decentralization and scalability—two elements that traditionally conflict in blockchain architecture.

The protocol offers full EVM chain compatibility, facilitating seamless smart contract management and dApp development. Developers who create dApps on the CORE blockchain and contribute value to the ecosystem are rewarded with S-Prize tokens, creating a positive incentive structure for ecosystem growth.

The protocol functions through a DAO governance structure that controls:

• Transaction fees and governance parameters
• Protocol upgrade proposals
• Voting mechanisms for proposals

This governance approach ensures that stakeholders have direct input into the evolution of the network, maintaining its decentralized nature while enabling technical advancement.

Potential Use Cases of CORE

CORE's compatibility with the Ethereum Virtual Machine (EVM) allows it to run Ethereum smart contracts and decentralized applications, positioning it as a versatile platform for various Web 3.0 applications. The technical architecture supports:

• DeFi Protocols: The EVM compatibility makes CORE suitable for hosting decentralized finance applications
• dApp Development: Developers can build applications on the CORE blockchain with familiar Ethereum tools
• Decentralized Governance: Core DAO provides a framework for decentralized decision-making and protocol evolution
• Blockchain Trilemma Solutions: The network aims to address scalability, security, and decentralization challenges through its Satoshi Plus consensus

The S-Prize token reward system creates an incentive mechanism for developers to contribute to the CORE ecosystem, potentially accelerating adoption and technical innovation on the platform.

CORE Protocol History

The CORE network was launched in January 2023 as a collaborative effort by CoreDAO, a global group of contributors sharing a vision for improved Web 3.0 infrastructure. The identities of the creators, contributors, and developers remain undisclosed to the public, maintaining a focus on the technology rather than personalities.

Core DAO, the governing body of the network, oversees the development of the Satoshi Plus ecosystem with a focus on technical excellence and community governance. The CORE token that powers the protocol operates on value scarcity principles similar to Bitcoin's hard capitalization, creating a structural foundation for long-term economic sustainability.

The protocol represents a technical evolution in blockchain design, combining proven concepts from established networks into a novel architecture aimed at addressing fundamental challenges in blockchain technology.