Core DAO

Core (CORE) is built as an [L1 blockchain](https://coinmarketcap.com/alexandria/glossary/layer-1-blockchain) that is compatible with Ethereum Virtual Machine ([EVM](https://coinmarketcap.com/alexandria/glossary/ethereum-virtual-machine-evm)), therefore it can run [Ethereum](https://coinmarketcap.com/de/currencies/ethereum/) [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) and decentralized applications ([dApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps)). The Core network is powered by the “Satoshi Plus” [consensus mechanism](https://coinmarketcap.com/alexandria/glossary/consensus-mechanism), which secures the network through a combination of delegated Bitcoin's [mining](https://coinmarketcap.com/alexandria/glossary/mining) hash and delegated Proof-of-Stake ([DPoS](https://coinmarketcap.com/alexandria/glossary/delegated-proof-of-stake-dpos)). The protocol is backed by its native token, CORE. The developers of the project strive to create an infrastructure that operates at the core of [web 3.0](https://coinmarketcap.com/alexandria/glossary/web-3-0), offering revolutionary ideas to solve the [blockchain trilemma](https://coinmarketcap.com/alexandria/glossary/blockchain-trilemma). The mainnet was launched in January 2023. The blockchain is governed by a decentralized autonomous organization ([DAO](https://coinmarketcap.com/alexandria/article/what-is-a-dao)), where the Core DAO is responsible for the development of the Satoshi Plus ecosystem.