CORE DAO Glitch Freezes Transfers on Coinbase, LBank
Core says user assets are safe, but the protocol hasn't disclosed how much extra CORE actually minted, or whether the overage pulled from the planned schedule or fell outside it.
Core is a Turing-complete Layer 1 blockchain that operates as a Bitcoin sidechain, combining the security properties of Bitcoin's mining network with the programmability of the Ethereum Virtual Machine (EVM). At the heart of its design is the Satoshi Plus consensus mechanism, a hybrid protocol that integrates Proof of Work (PoW) with Delegated Proof of Stake (DPoS) through a protocol-driven validator election process. By leveraging Bitcoin's mining hashrate alongside staked assets, the network aims to balance security, scalability, and decentralization in a way that neither pure PoW nor DPoS can achieve on their own. As an EVM-compatible smart contract platform, Core supports the deployment of decentralized applications and smart contracts with familiar tooling, while its sidechain architecture extends Bitcoin's utility beyond a simple store of value. The project is positioned at the intersection of the Bitcoin and Ethereum ecosystems, offering developers a programmable environment anchored to Bitcoin's security.
Core says user assets are safe, but the protocol hasn't disclosed how much extra CORE actually minted, or whether the overage pulled from the planned schedule or fell outside it.
Powered by a new consensus mechanism, Satoshi Plus, Core is a Turing-complete blockchain leveraging the Bitcoin mining hashrate and the Ethereum Virtual Machine (EVM).
Core (CORE) is categorised as: Smart Contract Platform, Layer 1 (L1), Bitcoin Sidechains.
The official Core site is https://coredao.org.
Most recent Core coverage: "CORE DAO Glitch Freezes Transfers on Coinbase, LBank" — read at /en-US/a/core-dao-glitch-freezes-transfers-on-coinbase-lbank.