Core DAO and the Satoshi Plus Consensus

COREDAO is a new independent blockchain that runs on the core of Web3. Powered by a new consensus mechanism, Satoshi Plus, $Core is a blockchain Turing complete which uses the Bitcoin mining hash rate and the Ethereum Virtual Machine (EVM).

Satoshi Plus applies a protocol-driven validator election mechanism to combine the optimal features of Proof of Work (PoW) and Delegated Proof of Stake (DPoS) to ensure maximum security, scalability and decentralization.

The solution to the above trilemma is the Satoshi Plus consensus, which works at the core of the Core network. Satoshi Plus Consensus combines Proof of Work (PoW) and Delegated Proof of Stake (DPoS) to leverage each other’s strengths while improving their respective shortcomings.

Specifically, Bitcoin’s computing power provides decentralization, DPoS and leadership election mechanisms provide scalability, and the entire network maintains its security holistically.

Core is the first chain to implement the new consensus mechanism. While not the last, we believe that with the power of the community, CORE will achieve the necessary network effects for wider adoption of Web 3.

Comparing the tradeoffs of other networks, including Bitcoin, Ethereum, Ethereum 2, Solana, Polygon, and Binance Smart Chain, each network has its own characteristics, pros, and cons regarding security, scalability, and decentralization.

However, Core combines the best of each network to maximize security, scalability, and decentralization, while also providing a base currency – CORE – to drive Web 3 adoption.