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http://x.com/i/article/1800257907612581889

## What Is Core (CORE)?

Core (CORE) is built as an [L1 blockchain](https://coinmarketcap.com/alexandria/glossary/layer-1-blockchain) that is compatible with Ethereum Virtual Machine ([EVM](https://coinmarketcap.com/alexandria/glossary/ethereum-virtual-machine-evm)), therefore it can run [Ethereum](https://coinmarketcap.com/de/currencies/ethereum/) [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) and decentralized applications ([dApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps)). The Core network is powered by the “Satoshi Plus” [consensus mechanism](https://coinmarketcap.com/alexandria/glossary/consensus-mechanism), which secures the network through a combination of delegated Bitcoin's [mining](https://coinmarketcap.com/alexandria/glossary/mining) hash and delegated Proof-of-Stake ([DPoS](https://coinmarketcap.com/alexandria/glossary/delegated-proof-of-stake-dpos)). The protocol is backed by its native token, CORE.

The developers of the project strive to create an infrastructure that operates at the core of [web 3.0](https://coinmarketcap.com/alexandria/glossary/web-3-0), offering revolutionary ideas to solve the [blockchain trilemma](https://coinmarketcap.com/alexandria/glossary/blockchain-trilemma).

The mainnet was launched in January 2023. The blockchain is governed by a decentralized autonomous organization ([DAO](https://coinmarketcap.com/alexandria/article/what-is-a-dao)), where the Core DAO is responsible for the development of the Satoshi Plus ecosystem.


## Who Are the Founders of Core?

According to the official Core accounts, CoreDAO is a global team of contributors who share a vision and passion for a better web 3.0, idealists who contribute to the growth of the Satoshi Plus ecosystem through blockchain technology. The project has many supporters: about 1.6 million Twitter followers and over 74,000 Telegram followers, however, the identities of the creators, contributors and developers remain undisclosed to the public.


## What Makes Core (CORE) Unique?

Satoshi Plus is the consensus mechanism to validate transactions and secure the Core network; the method is based on Bitcoin’s Proof-of-Work ([PoW](https://coinmarketcap.com/alexandria/glossary/proof-of-work-pow)) and Ethereum’s Delegated Proof-of-Stake ([DPoS](https://coinmarketcap.com/alexandria/glossary/delegated-proof-of-stake-dpos)) pairing. The combination of models allows the network to achieve both decentralization and scalability by dealing with the challenges of the blockchain trilemma.

Core provides the composability of an EVM chain, which ensures enabling conditions for managing smart contracts and dApps. By creating [dApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) on the Core blockchain and bringing value to the ecosystem, developers are rewarded with S-Prize tokens (so-called Satoshi Prize).

The protocol opts for decentralization by operating through a decentralized autonomous organization ([DAO](https://coinmarketcap.com/alexandria/glossary/decentralized-autonomous-organizations-dao)) that controls transaction fees and governance parameters, proposes upgrades, makes development proposals and votes on proposals.


### Related Pages:

Find out more about [Ethereum](https://coinmarketcap.com/currencies/ethereum/) — the leading layer 1 blockchain, which uses a proof-of-stake consensus mechanism.

Read more about [Avalanche (AVAX)](https://coinmarketcap.com/currencies/avalanche/), [Solana (SOL)](https://coinmarketcap.com/currencies/solana/) and [BNB Smart Chain (BNB)](https://coinmarketcap.com/currencies/bnb/), some other popular layer 1 chains.

Refresh your knowledge of crypto terms with the [CMC glossary](https://coinmarketcap.com/alexandria/glossary).

What are DAOs and how do they contribute to the crypto space? Find out with [CMC Alexandria](https://coinmarketcap.com/alexandria/article/what-is-a-dao).

Check out [5 social DAOs](https://coinmarketcap.com/alexandria/article/5-social-daos-that-could-transform-web3-landscape-and-our-lives) in the web 3.0 landscape.


## How Many Core (CORE) Coins Are There in Circulation?

CORE is the utility and governance token of the Core network, which has a maximum supply of 2.1 billion coins. It works on the scarcity principle of value, following Bitcoin's hard cap.

The developers will implement a burn model similar to Ethereum's "Ultra Sound Money", where a certain percentage of rewards and fees will be determined by the Core DAO and burnt.

The total supply of CORE is distributed into six categories: 39.995% to node mining; 25.029% to Core users; 15% to contributors; 10% to reserves; 0.476% to relayer rewards; 9.5% to the treasury.


## How Is the Core Network Secured?

The Core blockchain uses the Satoshi Plus consensus mechanism: a combination of Bitcoin's Proof-of-Work ([PoW](https://coinmarketcap.com/alexandria/glossary/proof-of-work-pow)) framework and a modified Proof-of-Stake ([PoS](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos)) mechanism aka the delegated Proof-of-Stake ([DPoS](https://coinmarketcap.com/alexandria/glossary/delegated-proof-of-stake-dpos)) model.

In addition, the network is audited by CertiK, a firm specializing in web 3.0 security, blockchain protocol monitoring and crypto audits.


## Where Can You Buy Core (CORE)?

Core (CORE) is listed on numerous cryptocurrency exchanges like [Huobi](https://coinmarketcap.com/exchanges/huobi/), [OKX](https://coinmarketcap.com/exchanges/okx/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [Bybit](https://coinmarketcap.com/exchanges/bybit/), [Poloniex](https://coinmarketcap.com/exchanges/poloniex/), and several others, where users can purchase CORE tokens and trade with USDT pairs.

Want to keep track of CORE prices live? Download the [CMC mobile app](https://coinmarketcap.com/mobile/).

Core

Wrapped Core

PEPE is a deflationary memecoin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s.

The project aims to capitalize on the popularity of meme coins, like Shiba Inu and Dogecoin, and strives to establish itself as one of the top meme-based cryptocurrencies. PEPE appeals to the cryptocurrency community by instituting a no-tax policy and being up-front about its lack of utility, keeping things pure and simple as a memecoin.

In late April to May 2023, the explosive surge of PEPE caused its market cap to reach a high of $1.6 billion at one point, minting millionaires out of early holders and attracting a strong community of like-minded followers. It has induced what some may dub a "memecoin season," causing other memecoins — some launched within hours — to go on spectacular pumps and just as astounding dumps. It remains to be seen if PEPE and other memecoins will go on to new highs, although that is certainly the hope of many believers waiting for the coming BTC halving cycle praying for a Bull Run.

The PEPE roadmap features three phases, where phase one includes listing on CoinMarketCap, and getting $PEPE trending on Twitter, while phase two includes listing on centralized exchanges (CEXs) and phase three includes “tier 1” exchange listings and what the team terms a “meme takeover.”

Pepe

According to the one-pager, BONK is the first dog-themed coin on Solana "for the people, by the people" with 50% of the total supply of the cryptocurrency airdropped to the Solana community. BONK is similar to Shiba Inu (SHIB) and Dogecoin (DOGE) memecoins, it was launched on December 25, 2022, and led to an increase in the price of the SOL token (a rise of 34% in 48 hours). Trading began on December 30, 2022, arousing genuine interest from the crypto community.

The main goal of the team is to bring back liquidity to Solana-based decentralized exchanges (DEXs). The idea of the developers was to create a full-fledged community coin that will be used across all the dApps built on Solana, and each user will have the opportunity to become part of the ecosystem, "where everyone gets a fair shot".

BONK was airdropped randomly to Solana NFT collectors, developers, and artists, other airdrop details remain unknown. Currently, the project has a small digital footprint on the Internet, except for an active twitter account.

Bonk

Floki (FLOKI) is the people's cryptocurrency and the utility token of the Floki Ecosystem. It is a cryptocurrency birthed by fans and members of the Shiba Inu (SHIB) community and is inspired by (and named after) Elon Musk’s Shiba Inu.

Musk is a prominent fan of Dogecoin, although he publicly denied owning any SHIB. Floki Inu is working on “four flagship utility projects:”

An NFT gaming metaverse called Valhalla

A suite of decentralized finance products launched under the "FlokiFi" umbrella.

An NFT and merchandise marketplace called FlokiPlaces

A content and education platform called University of Floki

The community calls itself the “Floki Vikings” in honor of Floki (Musk’s dog) that was named after a Viking character. Floki vows to take its community efforts seriously and has been listed several times in the Top 10 of LunarCrush’s social engagement leaderboards. Floki has also partnered with leading crypto projects that include Chainlink, Trader Joe, ApeSwap for its FlokiFi Locker digital asset locker protocol.

Floki is also sometimes referred to by some as "Floki Inu".

FLOKI

Toncoin (TON) is the native cryptocurrency of the decentralized layer-1 blockchain, The Open Network (TON). The TON blockchain is open-sourced and supported by many network contributors, including the Switzerland-based non-profit organization, the TON Foundation.

Since 2017, the Telegram team had been developing the codebase for a blockchain network, then named Telegram Open Network (TON), with a native cryptocurrency named 'Gram.' In May 2020, Telegram founder and CEO Pavel Durov announced the end of Telegram's involvement with the TON Blockchain following a court order by the SEC. The Gram token was never issued.

Since 2020, the technology has been developed by an independent community of developers and blockchain enthusiasts. The non-profit TON Foundation is the most prominent of these supporters. The blockchain was renamed from "Telegram Open Network" to "The Open Network," with Toncoin now the native cryptocurrency of the TON network.
The whitepaper contains part of the original codebase written by Dr. Nikolai Durov, co-founder of Telegram and brother of Pavel Durov. Toncoin utilizes the proof-of-stake (PoS) consensus model for network scalability and reliability.

TON Foundation's vision is to empower 500 million users to own their digital identity, data, and assets by 2028 by empowering developers to build a Web3 ecosystem in Telegram Messenger.

Toncoin

Mantle Network is an L2 technology stack for scaling Ethereum, and is the first core product of Mantle Ecosystem. Mantle Network strives to be compatible with the Ethereum Virtual Machine. Mantle Network’s modular architecture separates transaction execution, data availability, and
transaction finality into modules — which can be individually upgraded and adopt the latest
innovations.

As the world’s first DAO-spawned L2, Mantle Network is pioneering a vision for the mass adoption of token-governed technologies.

MNT is the native token used for:

Paying gas fees

Growing the ecosystem

Governance by the community

Mantle

Sui is a groundbreaking layer-1 blockchain platform designed to support the needs of global adoption by offering a secure, powerful, and scalable development platform. At its core, Sui leverages a novel object-centric data model and the secure Move programming language to address inefficiencies prevalent in existing blockchain architectures.

On top of strong technical foundations, Sui prioritizes user experience by eliminating barriers commonly associated with blockchain interactions. Through innovations like zkLogin, sponsored transactions, and programmable transaction blocks, Sui creates a higher standard for user experience within Web3 by ensuring applications are accessible and user-friendly.

ORDI

Arbitrum is an Ethereum layer-two (L2) scaling solution. It uses optimistic rollups to achieve its goal of improving speed, scalability and cost-efficiency on Ethereum. Arbitrum benefits from the security and compatibility of Ethereum. Another benefit is the higher throughput and lower fees compared to Ethereum. That is made possible thanks to moving most of the computation and storage load off-chain.

Arbitrum’s native token is called ARB and is used for governance. Offchain Labs, the developers behind Arbitrum, announced the shift to a decentralized autonomous organization (DAO) structure — the Arbitrum DAO. ARB holders can vote on proposals that affect the features, protocol upgrades, funds allocation and election of a Security Council.

Arbitrum has an ambitious roadmap for 2023, which includes: Launching its own layer-three solution called Orbit; Enabling developers to deploy programs written in popular programming languages like Rust, C++, and more using Stylus; Expanding its validator set to include more independent institutional validators; Moving its protocol to layer two with Arbitrum One.

On March 16, 2023,  Arbitrum announced their highly anticipated airdrop of ARB. The token will be airdropped to early users and DAOs building on Arbitrum, with 12.75% of the total supply to be distributed. Recipients were rewarded on a point-based system depending on their interaction with the Arbitrum network until a cutoff date of March 1, 2023. The token generation event is on March 23, 2023.

Arbitrum

Ondo

Pendle

Notcoin

Pyth Network

Jupiter

Kaspa is a proof-of-work (PoW) cryptocurrency which implements the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel, rather allows them to coexist and orders them in consensus. The Kaspa blockchain is actually a blockDAG. This generalization of Nakamoto consensus allows for secure operation while maintaining very high block rates (currently one block per second, aiming for 10/sec, dreaming of 100/sec) and minuscule confirmation times dominated by internet latency.

The Kaspa implementation includes a lot of cool features such as Reachability to query the DAG's topology, Block data pruning (with near-future plans for block header pruning), SPV proofs, and later subnetwork support which will make future implementation of layer 2 solutions much easier.

Kaspa

JasmyCoin (JASMY) is a cryptocurrency project of a Tokyo-based Internet of Things (IoT) provider Jasmy Corporation. As a system, the Internet of Things includes mechanical and digital elements endowed with an identifier and the ability to transmit data. The IoT company Jasmy specializes in buying/selling data, and the Jasmy platform connects two categories: service providers and data users.

The Jasmy platform was built to restore and protect the sovereignty of individual data by combining IoT technology with blockchain technology and giving users full control over their personal information. The main goal of the project is to establish a secure environment on the platform where users can exchange data in a trustless manner between IoT devices (computers, cars, phones) and decentralized protocols.

The mission of Jasmy developers is to create an environment by shaping an infrastructure where users can easily, safely and smoothly use data. As a result, Jasmy aims to provide its users with a powerful infrastructure, an intuitive interface and a secure environment for storing and sharing data. In the Jasmy space, information can be transformed into personal assets.

Jasmy decentralizes the workflow with edge computing and storing data on IPFS (InterPlanetary File System). The philosophy of the project is based on the democratization of data using a decentralized model, where data is securely protected and owned by an owner, and service providers get the opportunity to promote their services/business using data (owned by users).

JasmyCoin

dogwifhat

Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.

Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications.

Stacks has knowledge of the full Bitcoin state, thanks to its Proof of Transfer consensus and Clarity language, enabling it to read from Bitcoin at any time.

All transactions on the Stacks layer are automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower. In order to re-order Stacks blocks/transactions, an attacker would have to reorg Bitcoin.

Stacks

NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”

NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”

Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.

NEAR Protocol

SHIB is a decentralized, community-led currency held by millions across the globe. Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon, and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries.

Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming.

This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin.

Since release SHIB now trades on the ecosystem's proprietary DEX, ShibaSwap.

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