Blockchain with a Real-World Impact– Exploring the World of Core Blockchain's RWA, RWP, and DePIN-centric Blockchain Technology

Switzerland, 20th Aug 2024 – Core Blockchain (XCB): Core Blockchain – Layer-1 Blockchain – is at the forefront of blockchain technology with its ground-breaking PoW model called Proof of Distributed Efficiency (PoDE). Distributed Efficiency ensures transaction confirmation from any compliant device within the spectrum of devices/verificators worldwide. The utilization of energy sources, including low-energy, grid energy, or a combination thereof, not only aligns with environmental sustainability but also establishes a self-sustaining model. Core Blockchain’s mining algorithm, RandomY, further enhances the efficiency and effectiveness of the blockchain with rewards of 5 XCB per block.

With an impressive transaction verification time of just 42 seconds and a requirement of 6 blocks for standard verification, with each block being mined every 7 seconds in the Proof of Distributed Efficiency (PoDE), this blockchain technology currently supports approximately 100 transactions per second. Moreover, it has the potential to scale up to thousands, all while upholding the standard set by PoDE. Apart from its impressive speed and scalability, the blockchain also prides itself on its elevated security measures, providing robust protection against potential 51% attacks on the network. It is also the first blockchain to use the advanced ”Goldilocks” ED448 encryption method to protect its users and the entire infrastructure, keeping data safe at all times.

Network Type: Layer 1 (PoW) network

Cryptocurrency: Core Coin (XCB) is the native currency of the Core Blockchain, and it processes all of the blockchain’s hash transactions and network fees. XCB generates value based on an entire ecosystem of Dapps and real-world implementations, and this creates a natural demand for the coin. You can acquire XCB by mining it or trading it.

Consensus Mechanism: Proof of Distributed Efficiency (PoDE) is specifically designed to optimize the performance of low-consuming and personal devices. By prioritizing this aspect, the network fosters inclusivity and decentralization, enabling a wide range of devices to actively engage.

Self-Sovereign User Data & Digital Identity: Core Blockchain places significant importance on self-sovereign user data and digital identity. This approach empowers users to have full control over their data and identity in the digital realm.

Open Source and Community-Driven: Core Blockchain’s technology and potential are fully open-source, creating an environment of transparency and community-driven development. This approach not only fosters collaboration but also guarantees accessibility and fosters innovation.

CoDeTech, the original developers of the Core Blockchain, demonstrate their commitment to the network through their featured DApps like Ping Exchange and CorePass. These applications showcase their dedication to creating original solutions that are at the forefront of technology.

Funding and Coin Distribution: XCB stands out as a unique cryptocurrency. It doesn’t rely on venture capital funding or pre-sale coin concentration. Some might worry about wealth distribution, but here’s the twist: the foundation holds a 300M Genesis wallet that isn’t currently in circulation. This wallet can be used for a coin injection mechanism. The Genesis funds are managed through a decentralized autonomous organization (DAO) that requires repayment for every coin used. It’s like a decentralized federal reserve, ensuring that the network’s supply meets the demand for coins.

The Core Blockchain’s interoperable characteristics enhance the value proposition and user in a growing digital economy in specific reference to DeFi applications such as cross-border payment platforms, lending, borrowing, trading, investing, and insurance. This decentralized cross-platform interoperability of Core Blockchain stimulates innovation and competition in the DeFi space, driving significant demand in big volumes of XCB for services like underwriting, security guarantees, and other operations that generate rewards for the XCB community.

This approach ensures a fair and level playing field for all participants in the ecosystem right from the beginning. Moreover, the Core Foundation plans to involve the community by implementing a DAO system to determine when coins should be allocated to various custodial financial instruments, including document credits and bonds to be used in underwriting. By leveraging the widespread use of XCB DAO-driven decentralized underwriting, the foundation aims to expand its market reach

Regulatory Compliance:

Core Blockchain enables the creation of regulatory-compliant sandboxes by utilizing the CIP standards – including CBC20 and ICAN addresses. This approach ensures that the protocol meets the regulatory requirements of different jurisdictions while still preserving its decentralized and self-sovereign nature. CBC is a versatile token standard that allows you to create, split, distribute, and manage real-life assets in a tamper-proof environment. However, CBC is not just used for the tokenization of real-world assets. It is also a suitable standard for developers who wish to create their own purely digital currencies. Additionally, a developer toolkit application called Foxar has been launched, which resembles ETH Foundry and empowers developers to build on the Core Blockchain, expanding the network’s reach.

The CBC20 token standard is present in Foxar, and you can create your own Smart Contract solution. This approach ensures that the protocol meets the regulatory requirements of different jurisdictions while still preserving its decentralized and self-sovereign nature. The Foxar portal resembles the ETH Foundry and empowers developers to build on the Core Blockchain, expanding the network’s reach.

A New P2P Internet and Connectivity Platform:
By leveraging a peer-to-peer mesh network called Lunaº Mesh, Core Blockchain reduces dependence on the public internet, strengthening the network’s robustness and decentralization.

This cutting-edge mesh network seamlessly integrates with the Core Blockchain, providing decentralized connectivity solutions. While currently in the testing and pilot phase, the technology is being evaluated for video streaming, P2P meetings, and video chat platforms.

Additional Applications:
CoDeTech is not only pioneering a revolutionary blockchain but also advancing an extensive range of products that cater to the growing demand for coins and tokens. This pursuit promotes a fully decentralized circular economy and ecosystem. By emphasizing XCB and CTN transactions, Core Blockchain ensures organic demand for the network. For detailed information about the entire ecosystem, visit https://codetech.cc.

Live Core XCB Ecosystem Components:

Core Blockchain (XCB): The foundational blockchain technology.

Core Token (CTN): Built on an open source token standard (CBC20) used within the ecosystem, built on the Core Blockchain.

Ping Exchange: Ping Exchange is an innovative, fully compliant hybrid exchange.

Core Pass ID: An all-in-one mobile app that combines high levels of security with ease of use and efficiency, CorePass is the perfect pick for your on-the-go XCB wallet and digital identity verifier.

Foxar: Foxar is a fast, portable, and modular toolkit for app development on the Core Blockchain.

Payto Money: Payto.Money is a payment solution designed to streamline the process of receiving and making payments for both businesses and individuals.

TXMS – TxMS is a system that allows users to send blockchain transactions via SMS messages, making it possible to conduct transactions even in areas with no internet access.

Onion Email: Onion offers well-encrypted messages and unique authentication via Core ID, ensuring your email content is safe from any potential cyber threats, scammers, or unwanted communication.

Catch that Rabbit: A dedicated pool for Core Coins and mining.

Blockindex: Core Blockchain’s transaction explorer that allows users to view and track transactions on the Core Blockchain network.

XCB Hodler: The XCB Hodler App is a dedicated wallet exclusively designed for Core Coins, providing a simplified and efficient transaction experience tailored to the needs of miners.

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Use Cases and areas of development (DePIN), (RWA), (RWP)

Core Blockchain has the potential to revolutionize multiple sectors with its versatile applications. In the realm of finance and payments, it offers secure and encrypted financial messaging along with seamless, borderless transactions, utilizing Smart Contracts to digitize value. In the fields of asset management, logistics, healthcare, and wellness, it enhances data protection and encourages participation in research.

The energy sector is confident and committed to enhancing the efficiency of IoT devices through eco-friendly mining practices. In addition, supply chain management will gain resilience by leveraging verified blockchain data. For eGovernment and decentralized autonomous organizations (DAOs), this project offers transparent and immutable solutions. The mass media industry will also benefit from secure payment systems that support indie producers and movie microfinancing. Moreover, the GIScience, defense, and security sectors will experience the advantages of reliable digital trust platforms and secure data transport.

Core Blockchain also allows for the decentralized management of physical infrastructures (DePIN), tokenization and digital management of real-world assets (RWA), and the optimization of real-world processes for more efficient use (RWP). From smart buildings, entire city infrastructures, and a wide array of decentralized applications powered by Core Blockchain, it offers a way to break away from centralization and monitoring and move to a privacy-first, more democratized and transparent future.

The platform enables the tokenization of real-world assets, ensuring the secure hosting of multiple securities within interoperable digital asset management platforms. This not only enhances security but also optimizes the efficiency of managing digital assets.

About the project

The project is dedicated to establishing a Global Decentralised Network (GDN) that encompasses a variety of communication technologies seamlessly integrated with the Core Blockchain platform. With a primary focus on peer-to-peer (P2P) connectivity, this initiative aims to provide worldwide coverage.

Core Blockchain is the only blockchain that truly focuses on real-world solutions and their implementation. Our DePIN technology impacts not only the end user but also the real-life environment around them. In short, Core Blockchain users always remain in control of their assets and data, while enterprises facilitate a trustworthy, decentralized environment.

The Core Foundation plays a crucial role in the decentralized structure of the project, facilitating seamless voting within the ecosystem. It serves as the essential cornerstone that empowers the community to actively participate in and contribute to decision-making processes. The project embraces novel ideas for the blockchain, promoting a dynamic and innovative environment.

The Core Foundation also introduced the Booster program – Core Community Support program, which aims to acknowledge and support projects that bring value to the network, thereby enhancing the social impact of Core Blockchain and, ultimately, increasing demand for the XCB coin.

Website: https://coreblockchain.net

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