Core Chain is setting a new benchmark in Bitcoin-based finance, with over 6,700 BTC already staked.
By leveraging its innovative Satoshi Plus Consensus model, Core Chain is emerging as a leader in decentralized finance (DeFi).
Why $CORE Stands Out
Core Chain offers compelling incentives for BTC holders. Users can stake their BTC to earn $CORE tokens with impressive yields. Dual staking, which combines $BTC and $CORE, provides an additional boost to rewards, making it an attractive option for investors.
The network also introduces liquid BTC staking, unlocking more than $674 million worth of staked BTC for use within the ecosystem. This liquidity drives economic activity and fuels the platform’s growth.
Additionally, Core’s sustainable model ensures that every transaction burns $CORE tokens, benefiting validators and stakers while aligning incentives across the ecosystem.
https://twitter.com/cryptclay/status/1870090779752071562?
Satoshi Plus Consensus: The Core of Innovation
At the heart of the Core blockchain lies the Satoshi Plus Consensus, a groundbreaking model that integrates Bitcoin’s robust security with the flexibility of smart contracts. This hybrid approach combines Delegated Proof of Work (DPoW), Delegated Proof of Stake (DPoS), and non-custodial Bitcoin staking. By allowing Bitcoin miners to actively participate in the security and governance of a decentralized platform, Satoshi Plus ensures scalability, security, and decentralization.
Satoshi Plus in Numbers
– 75% of Bitcoin Hashpower Delegated
– 150 Million $CORE Staked
– 6,700 BTC Staked
https://twitter.com/BitcoinEcoTK/status/1870478031351107665?t=8Z1PzF2DkY-w62A9m8khoQ&s=19
Core Chain’s unique combination of cutting-edge technology and sustainable incentives positions it as a game-changer in the DeFi space. With its innovative approach, Core is not just redefining Bitcoin-based finance but also paving the way for a more inclusive and scalable blockchain future.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: fellowneko/123RF // Image Effects by Colorcinch
The post Core Chain: Revolutionizing Bitcoin-Based Decentralized Finance appeared first on The Merkle News.
