Core is a layer-1 blockchain that integrates Bitcoin security with scalable Proof of Stake, allowing users to stake Bitcoin while maintaining custody.

How does Core operate?

Core allows users to timelock their Bitcoin on the Bitcoin blockchain, enabling them to earn rewards and participate in consensus by voting for validators.

What are the technical features of Core?

Core is open-source and supports Bitcoin staking through a self-custodial mechanism, integrating Bitcoin miners into its consensus via Delegated Proof of Work.

What are the risks associated with transferring Core?

Users should verify asset and network before transferring assets, and be aware of the volatility and custody risks associated with digital assets.

Where can I find official resources for Core?

Official resources for Core can be found at the Core website and its technical documentation.

How can I verify the acquisition of Core?

Verify the asset name, network, and destination details before transferring, and review the custody method for security.

Core (CORE)

Rank #499

Market snapshot

Price: $0.025115
Market cap: $31.4M
24h volume: $4.7M
Circulating supply: 1,248,563,701.557
Total supply: 2,093,769,839.0353
Max supply: 2,100,000,000

What is Core?

Core is designed to combine the security of Bitcoin with a high-performance, EVM-compatible blockchain. It enables users to participate in Bitcoin staking while retaining full control over their assets. The network supports a growing ecosystem of decentralized finance (DeFi) applications built on the Core blockchain.

How Core works

Core operates by allowing users to timelock their Bitcoin directly on the Bitcoin blockchain, which is enforced by Bitcoin's native consensus rules. This process enables users to earn rewards and participate in the network's consensus by voting for validators. When these validators produce blocks, users receive CORE token rewards sent to their specified EVM addresses. The rewards come from a fixed block rewards schedule and transaction fees generated on the Core blockchain, creating a sustainable ecosystem.

Key information

Symbol: CORE
CMC rank: #499
Network / platforms: Core
Categories: N/A
Date added: Feb 8, 2023

Key characteristics

Core is open-source and supports Bitcoin staking through a self-custodial mechanism. It integrates Bitcoin miners into its consensus via Delegated Proof of Work, allowing miners to earn additional CORE token rewards. Core's rewards system is designed to create a flywheel effect, where DeFi activity drives rewards, attracting more Bitcoin to secure the network.

Documented uses

CORE serves as the native utility and governance token of the Core blockchain, with a fixed supply of 2.1 billion tokens. It is used for transaction fees, governance participation, and unlocking higher Bitcoin staking yields through Dual Staking.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Core (CORE)?: Core is a layer-1 blockchain that integrates Bitcoin security with scalable Proof of Stake, allowing users to stake Bitcoin while maintaining custody.
How does Core operate?: Core allows users to timelock their Bitcoin on the Bitcoin blockchain, enabling them to earn rewards and participate in consensus by voting for validators.
What are the technical features of Core?: Core is open-source and supports Bitcoin staking through a self-custodial mechanism, integrating Bitcoin miners into its consensus via Delegated Proof of Work.
What are the risks associated with transferring Core?: Users should verify asset and network before transferring assets, and be aware of the volatility and custody risks associated with digital assets.
Where can I find official resources for Core?: Official resources for Core can be found at the Core website and its technical documentation.
How can I verify the acquisition of Core?: Verify the asset name, network, and destination details before transferring, and review the custody method for security.

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