Core (CORE): Solving the Blockchain Trilemma with PoW & DPoS
Intermediate
Blockchain
Feb 6, 2023
12 min read
If you're interested in decentralized autonomous organizations (DAOs), Core DAO is worth checking out. The Core network aims to be one of the most secure and inclusive decentralized finance (DeFi) communities. Though it's still in the early stages, this blockchain has some very promising features. Keep reading to discover all the details.
What Is Core?
Core is a new blockchain that hopes to revolutionize web3 design. It attempts to provide scalability, security and independence by combining proof of work (PoW) and delegated proof of stake (DPoS) mechanisms.
History of Core
Core is a very new blockchain project. Its mainnet was just launched on Jan 14, 2023. Despite this, Core has already been used to manage 142K transactions. It can handle smart contracts and a variety of decentralized apps (DApps). The team is also currently in the middle of launching a new token, CORE, and has plans to bring it to major crypto exchanges in the upcoming months.