#CoreBTC After a long period of silence, Core Chain has recently gained market attention again due to its impressive growth. Core's exponential growth is due to the demand of Bitcoin miners and the new narrative of BTCFi. The market value has exceeded 1.5 billion,
Core Chain is a Layer1 public chain driven by Bitcoin and compatible with EVM. It aims to complement Bitcoin while serving as its highly scalable smart contract platform. The current ecosystem has covered multiple tracks such as wallets, DEX, oracles, cross-chain bridges, NFTs and Gaming. According to the block browser, as of April 2, Core has achieved more than 1 billion on-chain transactions and more than 20 million wallet addresses
Core Chain is operated by the decentralized organization Core DAO, with more than 50 contributors from Binance, Coinbase, Huobi, BNB Chain, Moonpay and Blockchain.com. For example, core contributor Rich Rines is the founder of the smart outbound dialer AutoReach. He served as the engineering director of the Coinbase fund flow department and has processed more than 1 trillion US dollars in funds. It is worth mentioning that Core's innovative consensus mechanism Satoshi Plus is also one of its core advantages. It can incorporate Bitcoin miners and mining pools into a secure and scalable smart contract platform by combining Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS). Recently, SpiderPool, one of the top ten Bitcoin computing power, also announced that it has participated in Core's Satoshi Plus consensus mechanism for dual mining. At present, 50% of Bitcoin computing power is involved in Core's simultaneous mining. In addition, due to its compatibility with EVM, Core can unlock more innovative applications and use cases for Bitcoin. Compared with other similar protocols, Core believes that it has advantages in many aspects such as EVM compatibility, block time and trust. For example, Stacks, Rootstock, etc. lack EVM compatibility, and Sovereign Rollups have fraud proof problems.
Judging from recent developments, Core is accelerating the development of its own ecology. For example, in February this year, Core launched the Core Founder Program, which plans to provide more than $300,000 in reward support to Web3 developers, aiming to allow developers to focus on implementing decentralized applications in the Bitcoin ecosystem; #CORE #CORE100U