Core Dao （Core）Project Analysis-CoinW Institute
Core Dao （Core）Project Analysis
1. Institute Review
Satoshi Nakamoto has carved scarcity out of the rock of plenty. While it supports infinite replication, the Internet can now have its own local currency on the blockchain, and BTC’s role as “digital gold” is unquestionable, but as the hype around the Lightning Network suggests, many in the Bitcoin community want more. core is a Turing-complete blockchain that leverages the Bitcoin mining hash rate and the Ether Virtual Machine (EVM). Turing-complete blockchain using the Ether Virtual Machine (EVM). cORE will gradually approach a total of 2.1 billion tokens, but will never fully reach it, similar to Avalanche’s model of token economics. A percentage of all block rewards and transaction fees will be destroyed, similar to Ether’s “Ultra Sound Money” model. 2.
2. Recent breakout points
BTC block
3. Project introduction
COREDAO is the official decentralized organization developing the SATOSHI PLUS ecosystem. Satoshi Plus uses a protocol-driven verifier election mechanism that combines proof-of-work (PoW) and delegated proof-of-stake (DPoS) features, while relays in the Core are responsible for relaying BTC blockheads to the network via on-chain light clients, and relays are rewarded for verification
4. Token Role
4–1、Payment of transaction/gasoline fees
4–2、Pledge on the core network
4–3. Participate in core network governance
5. Token Economic Model
Distribution details of 2.1 billion CORE tokens.
5–1. Node mining (839,900,000 CORE tokens; 39.995% of total supply).
● In order for Core to get off the ground, both miners and stakeholders who secure the network must be compensated for their services. Node rewards will be distributed over a longer period of time (~81 years) to ensure consistent incentives over time. Nodes may also receive rewards in the form of transaction fees.
5–2, Users (525,600,000 CORE tokens; 25.029%).
● From the very beginning, core users should know that the chain is built for them. The airdropped CORE tokens will be allocated to a decentralized base of millions of users.
5–3, Contributors (current and future) (315,000,000 CORE tokens; 15%).
● Compensation will incentivize past, present and future core contributors.
5–4. Reserves (210,000,000 CORE tokens; 10%).
● This reserve may be used over time to capitalize the Foundation without pooling the token supply.
5–5, Treasury (199,500,000 CORE tokens; 9.5%).
● The Ministry of Finance will provide DAO with the funds needed to build the ecosystem.
5–6. Relay Incentive (10,000,000 CORE tokens; 0.476%).
● As with nodes, relays must be compensated for the services they provide to the security of the chain. Relayers are also rewarded in the form of transaction fees.
6. Project Highlights
6–1. Continuation of Bitcoin depletion in 2040, Core network provides rewards for speaking bitcoin miners.
6–2, Easily deploy and run your ethereum dApp on Core.
6–3, Core is an evolution of the Geth codebase, with the community adding greater throughput and cheaper transactions through a hard fork, a notable difference being that Core is based on Satoshi Plus consensus, which relies on Proof of Work (PoW) and Delegated Proof of Stake (DPoS).
7. Community
twitter: 1.4 million, discord 200,000
8. Future outlook
By acting as a second BTC block reward to maintain the Bitcoin network CORE, developers can easily deploy and run your ethereum dApp on Core. The novel Satoshi Plus consensus mechanism provides the composability of an EVM-compatible blockchain with the security and decentralization of Bitcoin. Where Core is fully EVM-compatible, developers can take advantage of extended solutions for Ether and other compatible chains, such as various types of Layer 2 networks.
Foundational Information
Project Description: The Core network is designed to maintain the Bitcoin network by acting as a second BTC block reward. When bitcoin block rewards dry up in 2040, the Core network speaks about bitcoin miners providing rewards, just like they did for core.
Token Full Name: Core Dao
Token name: Core
Project website: https://coredao.org/
Project Documentation: https://docs.coredao.org/core-white-paper-v1.0.5/
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