The full English name of CORE coin is Core, the Chinese name is Queercoin, and some people also call it Kuercoin. This Core coin is actually an EVM-compatible L1 chain secured by a novel consensus mechanism called SatoshiPlus. This mechanism primarily uses a combination of delegated BTC mining hashes and delegated proof-of-stake to secure the network. The Core project provides users with the composability of the EVM chain and the decentralization and security of Bitcoin, thereby better solving the blockchain trilemma. So, what currency is this CORE? Investors want to know whether this CORE coin has value? Let us introduce it in detail below.
Basic introduction to CORE currency
Core Token is the portal into the Core Blockchain Network, serving centralized platforms, decentralized platforms, other networks, and third-party blockchains to connect and communicate with the Core Blockchain network. The core token is a utility token. The unit is defined by the mature Ylem smart contract platform unique to the core blockchain network.
Core Token is the hosting platform for every smart contract deployed in the core blockchain network and core ecosystem. For every service, whether it is digitization or tokenization of the creation of digital properties, smart contract execution and other blockchain-based services in the core ecosystem, the core token is the unit of payment for the execution of the service.
Value Drivers of CORE Coin:The main value driver for the core token is its limited supply and of course the demand that naturally arises due to the use cases already implemented by the core ecosystem and other use cases currently implemented on the core blockchain network such as digital asset support. several centralized platforms in the fields of currency, educational projects, logistics, manufacturing, and other use cases that are growing day by day.
The use of CORE coins
Core Token is redefining the purpose of utility tokens simply because of the seamless integration with the core blockchain network with the Ylem smart contract platform, on which Core Token is hosted. As a utility token, Core Token can be used for a variety of payments:
Peer-to-peer public payment: Users can use Core Token for payment in peer-to-peer transactions.
Blockchain-based services in governments, businesses, organizations and consumers: All of Core Group’s services and use cases can be paid for with Core Tokens.
Facilitator of the service: Core Token has a unique algorithmic calculator that also rewards people of all ages to earn income. This measurement is done through participation and efforts that provide unique revenue on multiple platforms such as Wallace, TiNG, TokToKey and more.
Mesh Network Payments: Payments can be completed with or without an internet connection using the Lunaº mesh network.
Multi-currency payments: Payments can be connected to multiple cryptocurrencies as well as fiat currencies.
Smart Contract Payments: Payment splitting can be done using Ylem programming and indirect addresses.
Application scenarios of CORE currency
Core Token is supporting and promoting security tokens backed by assets and/or commodities, with all digital properties connected using CorePass. Core Token is the custodian of all API connectors for all Core Blockchain Network Oracles, Core Group Services and use cases, which will be the driver of Core Token value as Core Token is required for connectivity.
Core Token is the smart contract behind CorePass. CorePass is a blockchain-based digital identity that allows execution, transmission of data and verification of records. CorePass is actually the digital registration platform for the entire set of Core Group services and use cases.
The potential of investing in CORE coins
The value of CORE coin lies not only in its technical advantages, but also in its wide range of application scenarios and future development potential. Due to the limited supply and growing demand of Core Token, this makes it a potential investment target. As more and more enterprises and organizations begin to adopt blockchain technology, Core Token's application scenarios will become more extensive, which will further increase its market value.
in conclusion
In general, CORE coin is a blockchain token with a wide range of application scenarios and potential. It not only provides the composability of the EVM chain and the decentralization and security of Bitcoin, but also solves the blockchain trilemma through its unique consensus mechanism and smart contract platform. For investors, CORE currency is not only a practical token, but also a potential investment target. With the continuous development and application of blockchain technology, the future of CORE currency is worth looking forward to.