CORE

in #crypto2 years ago

Core Chain Digest Part 1:

Crypto’s history follows a pattern indeed: First, a rudimentary, yet pure development(being Bitcoin) kindles a fire of innovation(being Ethereum). Rudimentary means: basic, early, elementary, fundamental, initial, primitive, or undeveloped. Basically, Bitcoin is pure and undiluted. So, with Bitcoin being rudimentary and lacking scalability from its inception required an innovative technology to echo its importance in blockchain. This innovative technology had to be flexible enough to allow creativity from developers, and that’s the result we see in thousands of Decentralized applications(dApps) on the Ethereum blockchain. So it’s safe to say that the “purity of Bitcoin” inspired the “practicality/flexibility of Ethereum”.

Now the birth of Purity(Bitcoin) brought forth Flexibility(Ethereum), until these two cornerstones inspired a Synthesis(Core). Synthesis in blockchain simply means the combination of components or elements to form a connected whole. So the established pattern now is:

Purityarrow_rightFlexibilityarrow_rightSynthesis.

With this synthetic element being the Core of these two major cornerstones, the innovation of Ethereum’s neo-nation(all dApps) is placed within the security walls of Bitcoin(PoW). Bitcoin functions more like fire, the original energy network of the human race successfully kindled by Satoshi Nakamoto. This fire process cannot be repeated because it’s pure and undiluted. Such uniqueness of Bitcoin makes it the very fundamental security-providing energy source. It’s for this fundamental reason why Bitcoin must power the blockchain world to keep it inextinguishable/ever-blazing.
Bitcoin’s eternal embers that keeps this pure fire burning is difficult to sustain. This fire is stoked only by the Proof of Work(PoW) algorithm, which requires high electrical energy and computational power to solve cryptic mathematical puzzles. This difficulty however, makes Bitcoin’s network system the sturdiest and most impregnable(highly difficult to hack). To embrace this security associated with its difficulty, a new consensus algorithm was designed to scale or propel Bitcoin’s fire to new heights, functionalities, utilities.

SATOSHI PLUS Consensus is the new consensus algorithm engineered to run the Core Blockchain. This algorithmic engineering is a hybrid of Proof of Work(PoW) and Delegated Proof of Stake(DPoS) to unite Purity and Flexibility in order to bring balance to the blockchain world. Core Chain’s capability in combining the security, soundness and decentralization of Bitcoin with the scalability and interoperability of Ethereum rightfully makes it a Turing complete algorithm. Turing complete in blockchain refers to the ability of a machine to solve any computational problem, regardless of its complexity, when given enough time and memory along with necessary instructions. This logically explains why Core Chain supports thousands of chains with different programming languages; homologous blockchains. Thus, Ethereum Virtual Machine(EVM) compatibility-enhanced blockchain, all operating at the core of Web3. The best part of this resultant effect is that the Core Blockchain is validated by Bitcoin mining hash power.

So in a nutshell, having solved the Blockchain Trilemma and presenting the next iteration of crypto pattern:

Bitcoin(Purity)arrow_rightEthereum(Flexibility)arrow_rightCORE(Synthesis);

it’s undisputable to conclude that the "Blockchain Trinity" has been established in Bitcoin, Ethereum, and CORE!

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