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What is CORE?

Modified on:

  • Ticker: CORE
  • Network: Core
  • Category: Layer 1
  • Address: https://scan.coredao.org/

About CORE

CORE is the native cryptocurrency of Core, an EVM-compatible Layer 1 blockchain that aims to combine the best features of Bitcoin and Ethereum. It uses a unique consensus mechanism called Satoshi Plus, which integrates Bitcoin mining hash power and Delegated Proof of Stake (DPoS) to select validators and secure the network.

The Core blockchain solves the blockchain trilemma by achieving scalability, decentralization, and security without compromising any of them.

 

Key Points of CORE

  • Satoshi Plus consensus: A hybrid system that ranks validators based on BTC hash power and delegated CORE, ensuring that only the validators most trusted by the public get to secure the network.
     
  • Bitcoin-integrated security: Lets Bitcoin miners support Core validators by proving their hash power to influence validator selection, without switching chains.
     
  • EVM compatibility: Developers can build and deploy Ethereum-based smart contracts using familiar tooling.
     
  • Low fees, high performance: Designed to support scalable dApps and fast transactions without sacrificing decentralization.

     

FAQ

 

1. What is CORE used for?

CORE plays several roles in the Core blockchain:

  • Gas token: Used to pay transaction fees on the Core network.
     
  • Staking: Users can delegate CORE to validators to help secure the network and earn rewards.
     
  • Governance: CORE holders can vote on proposals to help shape the future of the Core network. 
     
  • Validator participation: CORE is required to run a validator node, and proof of support from Bitcoin miners.
     

  • Medium of exchange: CORE is used across dApps and services within the Core ecosystem.

     

2. What is Satoshi Plus consensus?

Satoshi Plus is a novel consensus mechanism that combines:

  • Delegated BTC hash power: Bitcoin miners can prove their hash power to support Core validators without leaving the Bitcoin blockchain.
     
  • Delegated CORE staking: Users stake CORE with validators.
     
  • Validators are selected based on a Hybrid Score that weighs both BTC miners support and CORE delegation.
     
  • Top 21 validators participate in block production.

     

This hybrid design brings together Bitcoin’s proven security and Ethereum’s smart contract capabilities.

 

3. Can I stake CORE?

Yes. You can delegate your CORE to validators and earn rewards based on their performance. Validators who act maliciously or fail to follow the rules may lose part of their stake. Users can manage staking through third-party platforms that support Core. 

 

4. How do I buy CORE on Bitso?

You can get CORE via Bitso’s conversion feature:

  • Log in to your Bitso account.
     
  • Deposit your preferred local currency (MXN, BRL, COP, ARS, or USD).
     
  • Use the conversion tool to swap your funds for CORE.
     
  • Track your CORE balance in your portfolio.

     

Important: CORE is only available via conversion. Deposits and withdrawals are not supported at this time.

Disclaimer

CORE is the native token of Core, an EVM-compatible Layer 1 blockchain that uses a hybrid consensus mechanism called Satoshi Plus, which combines proof of Bitcoin hash power with delegated CORE to select network validators. While Core presents an innovative approach to validator selection and aims to address the blockchain trilemma, it is still an emerging ecosystem with evolving infrastructure and governance.

Like all digital assets, CORE carries risks, including high price volatility, regulatory uncertainty, and technical complexity. This article is for informational purposes only and does not constitute financial advice. Bitso encourages users to do their own research (DYOR) and fully understand the risks before buying, selling, or holding CORE.

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