Understanding CORE, Bitcoin, and Their Relationship

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What is CORE?
CORE is the native token of Core DAO, a Layer 1 blockchain that combines Bitcoin’s security and Ethereum’s smart contracts. CORE stands in a similar position to Bitcoin in its early stages (around 2011)

but leverages Bitcoin's infrastructure. With a total supply of 2.1billion tokens, users can earn CORE through various activities. staking onThe History of Bitcoin

Bitcoin's journey began in 2009 when Satoshi Nakamoto introduced it as the first decentralized digital payment system, managed by computer nodes. Initially, many people doubted Bitcoin’s value—some even sold 20,000 BTC for a pizza in its early days. Over time, Bitcoin’s security and decentralization helped it gain recognition as a store of value.

The Relationship Between CORE and Bitcoin

🔸#CORE_DAO’s Layer 1 blockchain, #CoreChain, utilizes both Proof of Work (PoW) and Delegated Proof of Stake (DPoS) mechanisms. To enhance security, #Bitcoin miners delegate their hash power to secure the CoreChain. Just as #Bitcoin is considered #unhackable, the same level of security extends to #CORE.

🔸#Bitcoin undergoes a #halving_event every four years, reducing block rewards for miners while increasing transaction fees.
To address this, #Bitcoin miners stake their Bitcoin on #CoreChain, earning CORE tokens in return. These rewards can offset transaction fees and provide an alternative path to transition from #PoW to #DPoS.

In essence, CORE and Bitcoin create a mutually beneficial system, ensuring sustainability and growth for both networks.

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Follow @thousands_CORE on X and stake your tokens onto participate and earn rewards.
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