The Satoshi Core Mining is a legitimate cryptocurrency project that started operation on December 12, 2020 and is scheduled for the mainnet by Q3 2022.

Mainnet Keynotes for Satoshi Core Mining

Based on verified observations, the project is founded and led by numerous of technology enthusiasts worldwide – who are loyal fans of Satoshi Nakamoto (Bitcoin creator) and follow Satoshi’s idea – making them to chose anonymity.

The ongoing activities on Satoshi Core Mining is strictly an airdrop – aimed at providing opportunity for participants to be in possession of $CORE fairly, without much stress or difficulty. – and is scheduled to elapse within December 2022, so that the actual mining operations will proceed completely.

With a maximum supply of 2.1 billion CORE, 525,600,000 will be airdropped via the ongoing activities on the app – and then 1,574,400,000 will be available for the Decentralized Node Mining – for an 81 year period.

Mining of Satoshi Core via nodes will kickstart on the quarter three of 2022 (ie from the Mainnet activation) and will run concurrently with the ongoing app mining process until 12th December 2022 when the app processes will be stopped, enabling only node process be the only method of mining Core.

Click here to register and start mining

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Node Mining On Satoshi CORE

The operation on node mining to get more core are as follows ; Validators, Delegators, Verifiers, Relayers and Bitcoin Miners.

Validators are responsible for the production of the blocks and validating of transactions on the Satoshi Core network. Becoming a validator requires registration with the network and locking up about 10,000 CORE deposit to be included into the validator set per the rules of the validator election. Anyone can deposit and become a validator on Core, and the locked CORE are refundable.

On the Validator Election: The mechanism in which the top 21 validators are selected for inclusion in the validator set. Validators are elected in relation to their hybrid score each round.To ensure a more stable TPS, the “live” validators are updated every 200 blocks during the round so that other validators do not need to wait for “jailed” validators for the entirety of the round.

Delegators are the existing holders of core who wishes to participate in the staking process by delegating their $CORE to a validator, so as to be getting rewards. They can undelegate any time they want.

Relayers are strictly responsible for relaying BTC block headers to the Core chain. In order to relay, a potential relayer must register with the network and lockup a refundable CORE deposit. Anyone can deposit and become a relayer on Core.

Verifiers are in charge for reporting malicious behaviors on the network. Anyone can act as a verifier in the Core network. Successful verification flags may result in slashing (rewards or stake) or jailing misbehaving validators.

BTC Miners: Using their public and private keys, BTC miners can delegate their hash power to a Core validator or delegate to themselves if they choose to run a validator by verifying and syncing their identity (addresses) on both the BTC and Core blockchains.

When relayers submit transactions, they sync the blocks mined by the BTC miner with the Core Network. Every round, the Core network calculates the BTC hash power associated with each validator by counting the number of blocks produced by each miner in the BTC network during the same day of the prior week.

Delegated Proof of Stake: Proof of Stake is a scalable, energy-saving alternative to PoW, but it restricts small stake users. In request to level the playing field, some blockchains have introduced various types of Delegated Proof of Stake (DPoS) mechanisms, allowing the token holders to vote and elect the validator set by delegating their holdings to validators, typically incentivized by rewards.

Using DPoS, small-stake CORE holders are eligible to delegate their CORE to active Validators, which empowers the community and incentivizes the democratization of delegated CORE.

Satoshi Core users can join the Telegram Group Chat with over 110,000 participants for informational purposes about the project ahead of the anticipated mainnet launch date.

                                                    REGISTER TO MINE CORE

CORE (Bitcoin Satoshi)... The new Bitcoin plus Ethereum

 Arguably, CORE (formally BTCs) is the eyes of crypto lovers at the moment with over 52 million downloads already, within 2years. This is a coin that can be mined with an android mobile, and promises to turn nothing to surplus. 

   

Satoshi Plus Consensus

Satoshi Plus:

It has been laid out in “Core Blockchain Origin,” how the history of Bitcoin and Ethereum have inspired our mission to scale Bitcoin’s fire to new heights utilizing many of Ethereum’s superpowers. To accomplish this bold objective, CORE needs a new consensus algorithm capable of combining Bitcoin’s decentralization and security with Ethereum’s scalability and efficiency. Today, we present Satoshi Plus consensus.

Click CORE to register and start mining. 

The Blockchain Trilemma:

Security, scalability, and decentralization are the three core elements of any worthwhile blockchain. In describing our historical influence in our first post, we illustrated how blockchain innovation has increasingly trended away from decentralization. The reason for this trend is best explained using the Blockchain Trilemma, which states that all cryptocurrencies must make tradeoffs between optimal security, scalability, and decentralization. Until now.

High Level Overview:

CORE’s Satoshi Plus consensus balances the elements challenged by the blockchain trilemma by employing a state-of-the-art Validator election mechanism combining the most critical elements of both the Bitcoin network’s Proof of Work (PoW) and Delegated Proof of Stake (DPoS). On top of this, Core is also EVM compatible.

Proof of Work:

As its name implies, Satoshi Plus consensus begins with the Bitcoin Network. Rather than developing a completely new and independent Proof of Work algorithm, Satoshi Plus directly leverages Bitcoin’s proven and preeminent PoW system. Specifically, Satoshi Plus’ PoW component includes Bitcoin miners in the election of Core’s Validator Set by having Bitcoin miners directly delegate their hash power to their preferred Validators. This hash power is the energy expenditure that ensures two of the essential blockchain elements. First, it operates as the skin in the game necessary to secure a truthful ledger. Second, it preserves decentralization by encouraging participation from the most decentralized consensus network in the blockchain world.

Delegated Proof of Stake:

Complementing the decentralized security of Bitcoin’s PoW, Satoshi Plus also utilizes a form of Ethereum’s scalable and energy-efficient Proof of Stake consensus. Instead of using the secure, yet inefficient consumption of energy, PoS verifies transactions by selecting validators that have a large amount of the native tokens staked as collateral. Problematically, however, the large staking requirements restrict small token holders from participating.

In an attempt to level the playing field, Satoshi Plus utilizes Delegated Proof of Stake (DPoS), which grants all CORE holders voting power in electing the validator set by delegating their CORE holdings to eligible Validators. By allowing even small-stake CORE holders to participate in the validator election process, DPoS empowers the Core community and incentivizes the democratization of staked CORE.

Thus, Satoshi Plus’ DPoS provides scalability on top of PoW’s significant decentralization and security, while still carefully maintaining the decentralization of Validator Set voters and the security ensured by skin-in-the-game incentives.

Core Combination:

Individually, PoW and DPoS are powerful consensus mechanisms, but what makes Satoshi Plus special is the combination of the two. In order to combine the decentralized security of BTC-powered PoW and the scalability of DPoS, Satoshi Plus’ Validator Election Mechanism selects Validators with the optimal blend of BTC hash power and staked CORE to comprise the Validator Set and produce blocks both securely and efficiently. With a lean Validator Set securely elected by a decentralized delegating/voting base, Satoshi Plus offers a high transaction rate and increased scalability without compromising security and decentralization.

The combination of Proof of Work, Delegated Proof of Stake, and an efficient Validator Election Mechanism optimally blends security, scalability, and decentralization. Additional security and scalability is provided by other network participants such as Relayers and Verifiers, which adhere to carefully constructed stick-and-carrot incentives. All the details behind those components and more will be revealed in the upcoming White Paper. Stay tuned!