How Does CORE Compare to Ethereum?

by BSC News

January 24, 2023


Core DAO is similar to the Ethereum Network.

Similarities Between CORE and Ethereum

In our previous article, we compared Core DAO and Bitcoin and discovered that they have some interesting similarities.

Today, we will compare the unique network with another top decentralized network, Ethereum. Like Bitcoin’s connection with the CORE chain, Ethereum is similar to the Satoshi Plus consensus.

Here are the notable similarities between both networks in the Decentralized Finance (DeFi) space:

  • Both Core DAO and Ethereum are projects built on a distributed digital record, or blockchain.
  • Ethereum and Core DAO mainnet enable building smart contracts and Decentralized Applications (dApp).
  • A native cryptocurrency backs Ethereum and Core DAO. Ethereum is backed by the Ether ($ETH) coin, while Core DAO is backed by the Core ($CORE) coin.
  • Both are secure and sustainable because they utilize the Delegated Proof of Stake (DPoS) consensus algorithm. However, Core DAO combines Bitcoin’s Proof of Work (PoW) and Ethereum’s DPoS to form the Satoshi Plus Consensus.

Core DAO threatens to challenge Bitcoin and Ethereum with its Satoshi Plus Consensus tailored to enhance decentralization, security, scalability, and efficiency.

Recently, Core DAO announced its partnership with LayerZero to offer cross-chain interoperability. The protocol continues to make big moves to accelerate its development in the crypto space. In the meantime, Core DAO enthusiasts await the coin’s listing on all supported exchanges.

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