Introduction
#Core handles the blockchain trilemma by combining Bitcoin’s PProof-of-Work and #Ethereum’s delegated Proof-of-Stake.
What is $CORE?
-Core is a Bitcoin-powered, EVM- compatible blockchain introducing the first-ever implementation of non-custodial BTC staking.
One of the features about non-custodial Bitcoin Staking is that it’s "Risk-free"
Here are the key points: 🔑 👌
🔸️Core contributors' experience: Active in Bitcoin since 2013, experience operators that have witnessing the growth of the crypto ecosystem. Furthermore, contributors are committed to CORE with a 6 year lock-up period.
🔸️Crypto evolution: Development of an interoperable financial system with enhanced utility and yield opportunities, but #Bitcoin hasn't fully benefited.
🔸️Lack of #BTCfi: While TradFi and DeFi have evolved, Bitcoin Finance (BTCfi) was missing.
🔸️Core Chain’s approach: Instead of altering #Bitcoin, Core contributors created a novel L1 blockchain, secured by and aligned with Bitcoin, to scale its utility.
🔸️Security and adoption:
👉55% of #Bitcoin's hash rate is now contributing to Core Chain’s security.
👉Over 5600 #BTC have been staked on Core Chain contributing also to the chain's security.
🔸️BTC holders’ support: Core Chain introduces Non-Custodial BTC Staking, allowing BTC holders to earn yield and help secure the network without relinquishing custody. BTC holders can earn, risk-free.
🔸️Bitcoin risk-free rate: This concept mirrors Ethereum's shift to proof of stake but with no additional risks, unlocking new opportunities for BTC holders. It is Risk free because staking is self custodial, and there is no smart contract risk nor slashing risk.
🔸️Liquidity movement: As Core Chain gains traction, BTC will gradually move from Bitcoin’s slow settlement layer to Core Chain for faster, cheaper transactions with higher performance.
In addition, CORE is traded in major exchanges enabling this flow even more.
🔸️BTCfi ecosystem: Core Chain aims to establish a fully interoperable on-chain financial system for $BTC users, becoming the leading platform for Bitcoin Finance.
🔸️Valuation: CORE's metrics such as MC/TVL and MC/Dapps Volume are significantly undervalue in comparison to peers.
This Cycle Bitcoin ecosystem is gonna blow up hard.
Disclaimer - These are not my opinions so please don’t forget to do your own research before making any decision.
