Core Chain’s White Paper v1.0.6: Unlocking Bitcoin Utility with Satoshi Plus Consensus

Translations
Mandarin | Turkish

Core Chain’s White Paper v.1.0.6 introduces a groundbreaking solution to the blockchain trilemma of achieving decentralization, security, and scalability simultaneously. Core Chain’s innovative Satoshi Plus consensus mechanism synergizes Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS), offering a novel approach that enhances blockchain performance without sacrificing its foundational principles.

Key Innovations and Features

• Satoshi Plus Consensus: Core Chain’s standout feature is its Satoshi Plus consensus, integrating DPoW and DPoS. This unique blend allows Core Chain to leverage the security and decentralization of Bitcoin’s mining ecosystem while enhancing scalability and efficiency through stake-based voting. It supports Bitcoin miners by offering additional rewards, encouraging their participation and ensuring the longevity of the Bitcoin project.
• EVM Compatibility and Turing-Completeness: Core Chain is designed to be fully compatible with the Ethereum Virtual Machine (EVM), ensuring Turing-completeness. This compatibility allows for the development and deployment of complex decentralized applications (dApps) and smart contracts, significantly expanding the blockchain’s utility and fostering innovation within the ecosystem.
• Addressing Bitcoin’s Limitations: While acknowledging Bitcoin’s robustness and security, Core Chain was built to overcome its scalability and performance issues. Bitcoin’s limitations in transaction throughput, block size, and smart contract capabilities are well-documented. Core Chain’s architecture and consensus mechanism are engineered to support higher transaction volumes, quicker confirmation times, and a broader range of functionalities without compromising the network’s integrity.
• Decentralization and Security: Core Chain places a strong emphasis on maintaining decentralization through its dual consensus approach. This ensures a wide distribution of control and participation across the network, enhancing its resilience against attacks and centralization tendencies. The network incorporates advanced security measures, including incentives for identifying malicious actors and mechanisms to prevent long-range attacks, ensuring robust protection for all participants.
• Tokenomics and Governance: Core Chain introduces the CORE token, pivotal for transaction fees, staking, and on-chain governance. With a capped supply mirroring Bitcoin’s model, the ecosystem is designed to be deflationary, promoting long-term value retention. Governance within Core is set up to evolve towards increased decentralization, with the Core DAO playing a crucial role in steering the network’s development and ensuring a community-driven approach to decision-making.

The Core Blockchain harmonizes the strengths of Bitcoin’s mining with the flexibility and scalability of stake-based consensus, opening new avenues for blockchain adoption and utility. Its decentralization, security, and scalability, combined with a rich development ecosystem, positions Core Chain as a pivotal player in the future of decentralized applications and the broader blockchain landscape.

Read the full white paper here.

About Core Chain

Core Chain is a Bitcoin-powered layer one blockchain for EVM-Compatible smart contracts. It uses a novel Satoshi Plus consensus mechanism, integrating the best aspects of Proof of Work and Proof of Stake. With 40% of Bitcoin mining hash power contributing to its security in exchange for unlocking Bitcoin utility and rewards, Core Chain is becoming the most Bitcoin-aligned EVM chain (BTCfi, Bitcoin staking, and more). This breakthrough has amassed a massive community of 2.1M Twitter followers, 250k Discord members, etc which has translated into millions of CORE holders, over 14M unique addresses, and 220M transactions since its mainnet launch a year ago.