Core

Core is a Layer 1 smart-contract blockchain that positions itself as a bridge between Bitcoin's security and the programmability of the Ethereum Virtual Machine. It is designed for developers who want to build decentralized applications with EVM compatibility while drawing on Bitcoin's proof-of-work infrastructure rather than relying on a standalone security model. The project describes its goal as solving the tension between security, scalability, and decentralization that many earlier blockchains faced.

Core uses a consensus mechanism it calls Satoshi Plus, which combines Delegated Proof of Stake with Bitcoin's Proof of Work by allowing Bitcoin miners to signal support for Core validators without redirecting their hashrate away from Bitcoin. Validators are elected through a protocol-driven process that weighs both staked CORE tokens and delegated Bitcoin mining power, and the resulting chain runs the Ethereum Virtual Machine, meaning smart contracts written for Ethereum can be deployed on Core. The CORE token is used within this system for staking, validator delegation, and paying transaction fees on the network.

The network collects fees from users submitting transactions, and over the trailing 30 days those fees totalled 288.25 USD, with a 24-hour figure of 14.00 USD and a trailing 12-month total of 28,884.21 USD. The annualized fee figure derived from the trailing 30-day period is 3,507.04 USD. The take rate is recorded at 100, meaning all fees collected flow to the protocol rather than to any separate supply-side participants, which is confirmed by the supply-side revenue for the trailing 30 days being 0.00 USD. Given these fee levels, the ratio of market capitalization to annualized fees stands at 8,627.99, reflecting how small the current fee stream is relative to the network's market capitalization of 30,139,286 USD.