Core Blockchain Unveils Revolutionary Layer One Platform Bridging Bitcoin and Ethereum

Core Blockchain (Core Chain) is an EVM-compatible layer-one blockchain powered by Bitcoin's Delegated Proof of Work (DPoW) consensus mechanism. This consensus combines DPoW from Bitcoin miners with Delegated Proof of Stake (DPoS) from delegating CORE token holders, resulting in a novel consensus mechanism called Satoshi Plus.

Core Blockchain: A Comprehensive Overview of the Bitcoin-Powered, EVM-Compatible Layer One Blockchain

Introduction

Core Blockchain (Core Chain) has emerged as a groundbreaking layer one blockchain that seamlessly integrates with Bitcoin, fostering a symbiotic relationship between the two digital asset ecosystems. Powered by Bitcoin's robust infrastructure and enhanced by EVM compatibility, Core Chain offers a compelling platform for developing and deploying decentralized applications.

Consensus Mechanism: Satoshi Plus

At the heart of Core Chain's innovative design lies its unique consensus mechanism, known as Satoshi Plus. This novel mechanism ingeniously combines Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS), harnessing the strengths of both consensus algorithms.

Validators: Guardians of the Network

Core Chain's network is secured by a dedicated group of validators, who are entrusted with the responsibility of producing blocks and validating transactions. The selection of validators is based on a hybrid scoring system, which meticulously considers the Delegated Proof of Work contributions of Bitcoin miners and the Delegated Proof of Stake of CORE token holders. The 21 validators with the highest hybrid scores are entrusted with the critical task of maintaining the integrity of the network.

Delegated Proof of Stake (DPoS): Efficiency and Decentralization

As a component of the Satoshi Plus consensus mechanism, Delegated Proof of Stake (DPOS) is recognized as the most efficient and decentralized Proof of Stake mechanism available. Its robust reputation system and real-time voting mechanism enable it to reach consensus swiftly and effectively.

Bitcoin Miners: Lending Support to the Core Network

Bitcoin miners play a pivotal role in bolstering the security of the Bitcoin network through Proof of Work (PoW). Core Chain has ingeniously leveraged this mechanism, allowing miners to delegate their PoW to Core validators. This feature further strengthens the symbiotic relationship between the two blockchains.

Rewards for Validators: Recognition and Compensation

Validators are justly rewarded for their contributions to the stability and security of the Core network. These rewards come in the form of newly minted CORE tokens and transaction fees collected within each block.

COREUSD: A Strong Performer in the Market

COREUSD, the native token of Core Chain, has exhibited remarkable strength in recent times, experiencing a surge of over 650% within the past ten days. The token's price action has remained above critical short-term (21 and 55 Exponential Moving Averages) and long-term moving averages, a testament to its bullish momentum.

Technical Analysis: Delving into Market Dynamics

The technical analysis of COREUSD reveals a bullish sentiment, with the token currently trading around $3.46 after reaching a high of $4.18. The near-term support level is identified at $3.30, while a close below $2.35 would indicate a potential invalidation of the bullish trend.

Trading Strategies: A Guide for Investors

Discerning investors may consider purchasing COREUSD on dips around $2.70, setting a stop-loss order at $2 and targeting a profit-taking point of $5.

Conclusion

Core Blockchain has emerged as a trailblazing force in the blockchain ecosystem, offering a unique blend of Bitcoin integration, EVM compatibility, and innovative consensus mechanisms. With its focus on security, efficiency, and decentralization, Core Chain is poised to revolutionize the way decentralized applications are developed and deployed.