Core DAO - Decentralized Applications Secured by Bitcoin episode artwork

EPISODE · Jul 2, 2024 · 35 MIN

Core DAO - Decentralized Applications Secured by Bitcoin

from The Crypto Conversation · host Brave New Coin

Rich Rines is an initial contributor to Core Dao. Why you should listen Core Chain is the first Bitcoin-aligned EVM-compatible Layer-1 blockchain, designed to be Bitcoin's complementary and hyper-scalable smart contract platform. With 50% of Bitcoin mining hash power already contributing to its security model and through the ground-breaking innovation of Non-Custodial Bitcoin staking, Core Chain is unlocking Bitcoin both as the prime protector and central asset of the future of DeFi. Core Chain's major innovation is it's novel consensus mechanism, Satoshi Plus, that unites Delegated Proof of Work (DPoW), Delegated Proof of Stake (DPoS), and Non-custodial Bitcoin Staking. Through this combination, Core Chain incorporates Bitcoin miners in the security of Turing-complete smart contracts, unlocks the functionality and utility of those miners beyond the simple maintenance of the Bitcoin ledger, and provides them with purely additive supplemental income in the form of CORE token rewards. This symbiotic relationship works to strengthen Bitcoin without consuming Bitcoin block space or detracting from the miners' primary role as defenders of the Bitcoin network. While DPoW leverages Bitcoin miners, through the DPoS, Core Chain leverages both the CORE and BTC holders that stake their assets onto the Core blockchain and influence the network's consensus by delegating their staked assets to the validators on the Core Chain network. Supporting links Stabull Finance Core Andy on Twitter  Brave New Coin on Twitter Brave New Coin If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.  

Episode metadata supplied by the publisher feed · Published Jul 2, 2024

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Core DAO - Decentralized Applications Secured by Bitcoin

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