CoreDAO’s First Stop on MEXC to Leverage Bitcoin (BTC), Ethereum (ETH) Blockchains
MEXC, which claims to be one of the fastest-growing digital currency exchanges, recently revealed that it will be listing CORE, the native token of CoreDAO, a Layer-1 blockchain that aims to leverage the composability of an Ethereum Virtual Machine (EVM) chain, with the decentralization and robust security of the Bitcoin (BTC) blockchain network.
CORE DAO has reportedly developed an EVM-compatible L1 chain that is being secured by its consensus mechanism, referred to as “Satoshi Plus.” The consensus protocol applies a protocol-driven validator election mechanism in order to combine the key features of Bitcoin’s Proof of Work (PoW) as well as Delegated Proof of Stake (DPoS).
This approach leverages the strengths of each major crypto network, designed to enhance security, scalability, and decentralization. Its social media presence is also growing, with more than 1.5 million followers on Twitter and over 160,000 members on its Discord channel.
Andrew Weiner, VP of MEXC, said they’re pleased to onboard Core DAO to their digital token ecosystem. Weiner remarked:
“The emergence of the Satoshi Plus consensus mechanism has the potential to help break the Blockchain trilemma of scalability, security, and decentralization and spark a new revolution in public chains. MEXC is always focusing on innovation. We welcome any projects with a similar ethos to make incremental improvements to our existing ecosystem.”
According to MEXC’s schedule, the open deposits for CORE should become available on 16/01/2023. Open trading for CORE is now scheduled for 08/02/2023.
Recently, Core integrated with LayerZero, the omnichain interoperability protocol that has been pioneered by LayerZero Labs. By allowing Core to interact with other blockchains, LayerZero aims to open the door to bridging existing crypto-assets onto the Core Network in a secure manner.
One of blockchain technology’s main features is interoperability. Immutable blockchain rulesets support interoperable protocols in communicating, sharing information, and agreeing on truths in a trustless manner. As the blockchain and crypto ecosystem continues to expand, interoperability needs to grow along with it. Decentralized, scalable, and secure cross-chain interoperability is possible with LayerZero.
Notably, MEXC has also announced one of the lowest fees for all futures trading, with a 0 maker fee and just a 0.03% taker fee. For access to CORE on MEXC, clients may visit MEXC’s official website.
MEXC is one of the world’s leading virtual currency trading platforms, offering “one-stop” cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, and other products. At present, MEXC serves over 10 million customers globally and remains committed to the philosophy of “Users first, MEXC’s Changing for you”.
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
