Core is a blockchain project that combines Bitcoin mining hashrate and the Ethereum Virtual Machine to create a Turing-complete blockchain. It utilizes the Satoshi Plus consensus mechanism, merging Proof of Work and Delegated Proof of Stake. Core aims to be a successful currency and promote Web 3 adoption. Currently, Core DAO projects do not contradict Islamic law.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal". | Passed |
| Project | Core is a blockchain project that combines the Bitcoin mining hashrate with the Ethereum Virtual Machine (EVM) to create a Turing-complete blockchain. It introduces a new consensus mechanism called Satoshi Plus, which combines Proof of Work (PoW) and Delegated Proof of Stake (DPoS) to leverage their strengths and address their limitations. Core aims to establish itself as a successful currency and serve as a catalyst for wider adoption of Web 3 technologies, with the belief that its community's strength will help achieve the necessary network effects for its success. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | CORE is the native utility token of the Core blockchain. It serves multiple purposes within the ecosystem. Firstly, it is used for staking, allowing token holders to participate in the consensus mechanism and contribute to the security and validation of the network. Additionally, CORE tokens are utilized for paying gas fees, which are required for executing transactions and interacting with smart contracts on the Core blockchain. | Passed |
| Staking Method | The staking and rewards system in Core utilizes the Satoshi Plus consensus mechanism, which combines the features of Proof of Work (PoW) and Delegated Proof of Stake (DPoS) for enhanced security, scalability, and decentralization. Validators are required to register with the network and lock up a refundable CORE deposit to participate. Rewards are distributed at the end of each round, with 90% going to validators and 10% to the System Reward Contract. Validators earn rewards through base rewards (newly minted CORE) and transaction fees, and they have the flexibility to decide how much to share with delegators who staked their CORE or delegated their hash power. This incentivizes participation and cooperation within the Core network. | Passed |
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