What is Core (CORE) and its Tokenomics

Bittime - Core Chain is a decentralized blockchain powered by Bitcoin's PoW. Let's look at the complete explanation in this article!

What is Core (CORE)?

Core Chain is a scalable, secure, and decentralized blockchain network powered by Bitcoin's PoW. In this section, we discuss these important properties, along with others, that are part of the Core network, and provide a brief overview of how each is maintained:

Bitcoin-aligned

Enables Bitcoin miners to hand over their security to an EVM-compatible smart contract platform, BTC holders to stake on the Core Chain without giving up custody, and subsidize Bitcoin mining by providing CORE token rewards.

Decentralized

The three-part system enables Core Chain decentralization. Bitcoin miners can select validators by writing data into coinbase transactions from newly mined Bitcoin (DPoW) blocks.

Secure

Core Chain security consists of several pillars. The decentralization discussed above, achieved through a combination of DPoW and DPoS, is the first pillar. The Core Chain security model is the second pillar.

Scalable

Core Chain is highly scalable, capable of supporting a global user base of billions of participants, with high transaction throughput and low latency.

Permissionless

Core Chain's permission lessness means anyone can participate and build on Core Chain, without approval or authorization from any gatekeeping entity.

Community Governed

Core Chain governance is a mix of immutable and immutable components. Aspects that cannot be changed are those that must be maintained, such as total CORE supply.

Interoperable

Core Chain can interact with a wide variety of blockchain projects. Because it is compatible with EVM, all protocols on the Core Chain can interact with each other.

Composable

For Core Chain, composition is achieved with the help of the popular Solidity smart contract language. Solidity gives developers the ability to create smart contracts that have the ability to incorporate functionality into other contracts.

Tokenomics Core (CORE)

The following is the tokenomics Core (CORE):

CORE is the utility and governance token of the Core network. Capabilities include, but are not limited to:

• Paying transactions or gas.

• Staking on the Core network.

• Participate in on-chain Core network governance.

Read Also: What is Liquidation in Crypto, Types, Process and Stages

Conclusion

Core Token (CORE) plays an important role as a utility and governance token, used to pay for transactions, staking, and participate in governance. 

Core Chain also enables interoperability and composition through EVM compatibility, and is supported by principles such as security, decentralization, and scalability, which are strengthened through the combination of PoW and PoS.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

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