How Does CORE Compare to Bitcoin? (2024)

by BSCN

January 22, 2023

Similarities Between CORE and Bitcoin

The Core mainnet is active. Most importantly, the Core DAO organization has support from numerous exchanges with forthcoming listings.

The Core DAO community is hyped up, having recently appeared on Binance’s live price data aggregator. Many believe that Binance may be the next exchange to list $CORE. This, and many other developments, have kept users on alert for updates on the protocol’s movement in the Decentralized Finance (DeFi) space.

While we await $CORE’s launch, let's look at how the Satoshi Plus Consensus compares to the flagship cryptocurrency, Bitcoin:

• Bitcoin and CORE are mined. The only difference is that CORE mining is free and uses less energy, unlike Bitcoin, which costs money and requires expensive equipment.
• Bitcoin and CORE DAO are crypto projects built on a distributed digital record, or blockchain.
• Both utilize the Proof of Work (PoW) consensus algorithm. However, Core DAO combines Bitcoin’s PoW and Ethereum’s Delegated Proof of Stake (DPoS) to form the Satoshi Plus Consensus.

While Core DAO is still developing, the protocol has great potential to outperform other networks with the consensus mechanism tailored to enhance security, scalability, efficiency, and decentralization.

What is Core DAO:

Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the history of the crypto ecosystem paired with an even greater excitement for Core’s role in its future.

Where to find Core DAO:

Website | Docs | Twitter | Discord