News

Core Chain: Revolutionizing Bitcoin-Based Decentralized Finance 

Core Chain is setting a new benchmark in Bitcoin-based finance, with over 6,700 BTC already staked.

By leveraging its innovative Satoshi Plus Consensus model, Core Chain is emerging as a leader in decentralized finance (DeFi).

Why $CORE Stands Out

Core Chain offers compelling incentives for BTC holders. Users can stake their BTC to earn $CORE tokens with impressive yields. Dual staking, which combines $BTC and $CORE, provides an additional boost to rewards, making it an attractive option for investors.

The network also introduces liquid BTC staking, unlocking more than $674 million worth of staked BTC for use within the ecosystem. This liquidity drives economic activity and fuels the platform’s growth.

Additionally, Core’s sustainable model ensures that every transaction burns $CORE tokens, benefiting validators and stakers while aligning incentives across the ecosystem.

Satoshi Plus Consensus: The Core of Innovation

At the heart of the Core blockchain lies the Satoshi Plus Consensus, a groundbreaking model that integrates Bitcoin’s robust security with the flexibility of smart contracts. This hybrid approach combines Delegated Proof of Work (DPoW), Delegated Proof of Stake (DPoS), and non-custodial Bitcoin staking. By allowing Bitcoin miners to actively participate in the security and governance of a decentralized platform, Satoshi Plus ensures scalability, security, and decentralization.

Satoshi Plus in Numbers 

Related Post

– 75% of Bitcoin Hashpower Delegated

– 150 Million $CORE Staked

– 6,700 BTC Staked

Core Chain’s unique combination of cutting-edge technology and sustainable incentives positions it as a game-changer in the DeFi space. With its innovative approach, Core is not just redefining Bitcoin-based finance but also paving the way for a more inclusive and scalable blockchain future.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: fellowneko/123RF // Image Effects by Colorcinch

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

Share
Published by
Will Izuchukwu

Recent Posts

Justin Sun Pledges $SUN Buybacks With SunPerp Revenue

Justin Sun, CEO of TRON DAO, has just made one of his biggest announcements of…

2 days ago

$BNB Hits $1,000 ATH as Market Cap Reaches $145.7B

$BNB has broken through a historic milestone. The token surged past $1,000, setting a new…

3 days ago

Top 5 DeFi Tokens Less Than $1 Price Mark To Watch In September

Decentralized finance (DeFi) has continued to disrupt traditional financial systems, offering permissionless access to lending,…

3 days ago

Solana Data Insights: App Revenues Hit $193.5M in August, Up 126% YoY

Solana’s app economy posted another breakout month. Total application revenues surged to $193.5 million in…

4 days ago

Sharps Technology Aligns with Bonk for Treasury Staking and Solana Growth

Sharps Technology (NASDAQ: STSS) is making a major move in the Solana ecosystem. The company,…

4 days ago

Understand AR In the Context of LivLive’s Game Layer for Reality Ecosystem

LivLive is redefining augmented reality (AR) gaming by turning real-world actions into measurable value for…

5 days ago