PRESS RELEASE

CORE Multichain In A Nutshell

CORE is a multichain PoS network with the goals of interoperability, scalability, and usability in mind. It uses an AI-enabled Proof of Stake algorithm, a multi-layered consensus mechanism, and voting-based governance as its foundation. Advanced sharding and pipelining, chunking, and parallel transaction processing ensure that this network achieves higher levels of scalability. 


The CORE network can now be indefinitely scaled and achieve substantially improved capacity and efficiency thanks to its technological innovations. CORE is a real multi-chain communication system that supports cross-chain registries and cross-chain computing protocols. Furthermore, CORE multichain is a cutting-edge solution that combines all of the latest frameworks and advanced programming languages into a single cutting-edge solution.

Basic Features

  • CORE Bridge:
    CORE bridges overcome a current restriction in blockchain technology by allowing resources, data, and information to be transferred between many blockchains in distinct ecosystems. Interoperability is the term for this type of cross-chain communication.
    CORE combines advanced technology into a single cross-chain communication protocol that is simplified, efficient, and fast.

  • CORE Universal Block Explorer:
    CORE features a universal block Explorer that allows users to explore blocks on any CORE-connected chain and major public chains, including Bitcoin, Ethereum, and others. Furthermore, CORE provides everyone with a straightforward way to search a large number of blockchains.

  • Transaction Privacy Protection Layer
    The transaction privacy protection layer (TPPL) adds an extra degree of security and privacy when transacting on the CORE multichain. This is a generic layer that can be deployed to all CORE-connected chains and all major public blockchains.

  • Seamless Access to Off-Chain Data
    Oracles are a fascinating development in the field of decentralized applications. They are a simplified data-sharing solution for the physical and decentralized worlds. CORE provides developers with an easy and effective way to get off-chain data. Thanks to its data solution, data from other CORE-linked chains and major blockchains can be used by decentralized apps and smart contracts on the CORE Multichain.

  • Universal blockchain Access API for Developers
    CORE’s universal Access API is a cross-chain, enterprise-ready development solution that enables developers to create blockchain apps for both CORE-linked and major blockchains.

The CMCX Token


The CMCX token is built into the CORE platform and allows users to make blockchain transactions and pay for all of the ecosystem’s utility costs. It can be utilized for governance, staking, transactions, smart contracts, and validator awards on the platform.

CORE Network Structure:

In the CORE network structure, we have;
Pivot Chain
The CORE platform is built on this foundation. It is in charge of the entire network and its security, consensus, and monitoring. 
PolyChains 
Multiple chains are running simultaneously, either as instances of an existing blockchain or as standalone blockchains with their use cases and coins. 
Bridges
Bridges allow private and public PolyChains to communicate with other public blockchains such as Bitcoin and Ethereum without using oracles.

CORE Consensus Structure

In the CORE network structure, we have;


Validators:
Validators are nodes on the CORE blockchain that verify, process and authenticate blockchain transactions. Community members elect validators with voting rights using the democratic consensus system. 


Observers:
Observers contribute to the chain’s decentralization and validation and are invited by other chain members or members who believe in the idea and want to earn native token incentives.


Defenders
A node type that verifies the correctness of blocks as they are being built and before they are sent to the chains. A Defender searches the network for any illegal blocks created by malevolent parties and is paid for their efforts. 

Nominators:
Members who own tokens on the chain nominate staking members to operate as transaction validators. For their efforts in successfully nominating validators, nominators receive a portion of their nominated validators’ reward. 

Collators
Each collator is in charge of a shard of the main chain. They are in charge of their shard’s integrity and validity and communicate the state of their shard to the main chain.

Website: https://www.coremultichain.com/

Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
marketing@lbank.info

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