How Does CORE Compare to Ethereum?
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Loading... - Johann Bauer
- 26 Jan 2023
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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. Read More…
