Ockert Loubser ¢ORE reposted
AkibaOG
@akibablade
Bitcoin and Ethereum are the most important milestones in the evolution of blockchain technology... so far...
[WARNING LONG RANT]
Hot Take: I believe that
@CoreCoinCC
represents the next chapter, one that synthesizes the lessons and advancements of the entire web3 and blockchain spectrum.
Core's 9-year journey of development, largely under the radar, has the potential to mirror the narrative of tech giants like Google, which emerged as a leader following the dot-com bubble.
It's a bold statement, but I've spent a lot of time with the founders, and I really see its potential to do this.
I am a dreamer but hear me out...
Core Blockchain, to me, is the result of a critical review of the successes and limitations of its predecessors, including Bitcoin, Ethereum, Solana, Polygon, Helium, and others...
This has culminated in an ecosystem that's more than just another iteration of existing technologies but a fundamental re-envisioning of the blockchain landscape.
Core Blockchain could actually be the future of the Internet of Value, a term we hear a lot in web3, indicating a shift from the Internet of Information to one where value exchange is integral.
However, instead of just being a marketing buzzword (it is), this ecosystem is actually designed to be all-encompassing, providing solutions that align with both the libertarian ethos of decentralization and the pragmatic need for regulatory compliance (in some areas).
It bridges the gap between institutional requirements and individual autonomy, offering a platform that is as appealing to regulators and institutions as it is to individual users advocating for self-sovereignty and decentralization.
I'm not saying it's perfect here, but the team is genuinely dedicated to a low-energy PoW chain that focuses on decentralization and self-custody while also allowing institutions to do what they need to do in their own arena.
The recent launch of the CBC20 token standard in the Core ecosystem was a pivotal moment. This new standard is not an incremental upgrade; it is a ground-up rebuild for how digital assets can be created, managed, and transferred natively on-chain.
Core Blockchain's commitment to security and compliance makes sense in the wake of FTX, Celsius, Ronin et al. Core allows space for a strong emphasis on secure custody and regulated operations, ensuring that the mishaps of the past are not repeated in this new era... And it does this without removing self-custody and decentralization from the core of the protocol (pun intended.)
At the heart of Core's appeal for me is its emphasis on global inclusivity and accessibility. The blockchain is fully decentralized, and its governance model encourages community involvement through Core Improvement Proposals (CIPs). This
Importantly... IT DOES THIS WITHOUT VCs OWNING ALL THE TOKENS!!
It, therefore, genuinely democratizes participation but also fosters a rich environment for innovation and continuous improvement.
Don't believe me? Look at Core's technology stack, bootstrapped and built from the ground up.
The Core Pass, Core Port, and Ping Exchange are prime examples of how
@CoDeTechCC
has developed applications that are integral to the ecosystem's functionality. These applications are not mere replicas of existing solutions; they represent a new breed of tools designed to facilitate the seamless migration of users and developers from platforms like Ethereum and Solana to Core Blockchain.
The network effect is going to be a critical factor in the success of any blockchain ecosystem. Core is acutely aware of this and is focused on expanding its community of users and developers... and this is why I'm writing this beast of a post...
If you haven't heard of Core Blockchain, go check out the websites, docs, and communities!!
I didn't believe it until I saw it myself. I was highly skeptical, but so far, everything I've been promised has come to fruition. So much so that I became and ambassador for the project because the founders' vision aligns with my own.
Builder, investor, enthusiast? Check it out and tell me I'm wrong. I'm always one to admit my missteps so if I'm full of shit here, tell me. I don't want to advocate for something that doesn't deliver, but every time I've looked deeper into Core, I've been blown away.
Even though adoption isn't there yet, the current dApps showcase the platform's capabilities and invite participation in a collective journey toward realizing the full potential of web3.
Wait, there's more... the environmental aspect of blockchain technology is another area where Core has made significant strides. Its PoW!!! but the proof-of-work mechanism is designed to be energy-efficient, allowing mining on IoT devices, a move that could democratize access to blockchain technology while minimizing its environmental footprint.
Not that I buy into any of the BTC narratives around energy, TBH, but if you can do it with less energy, why not? It's not here to replace Bitcoin. Bitcoin is Bitcoin, and nothing will ever take that away from it, IMO. But Bitcoin is NOT web3, and while I love Ethereum, it's getting REALLY complicated, and I love how the Core ecosystem adapts to the challenges seen elsewhere.
To fully appreciate the Core ecosystem, you need to understand its components:
Core Token and Core Blockchain: At the base of the ecosystem are the Core Coin (XCB) and Core Token (CTN), leveraging the CBC20 digital token standard. This standard enhances asset management, security, and flexibility, potentially surpassing traditional models like the ERC20.
CBC20 is pretty neat... lots to say here but check it out yourself.
Tokenization and Asset Management: Core is natively tokenizing real-world assets, encompassing everything from real estate to art... and all that cool RWA stuff!
@CorePassCC
: A decentralized digital identity smart wallet, CorePass, stands out for its multifunctionality and natively AIR GAPPED nature. It serves as a wallet for Core Coins and Tokens, digitizes government-issued documents, and facilitates secure data transfers.
You can KYC yourself using a hash and then sell your data to companies rather than have it taken from you without getting anything back.
@PingHEX
Exchange: A hybrid digital asset exchange combining the best of decentralized and centralized worlds, making it a user-friendly and secure platform for trading digital assets.
Cold storage and custody where only YOU have the key to remove your funds. SBF would hate this! /s
#CorePort: A browser extension that enhances online security and privacy, ensuring user data is protected and online interactions are seamless.
Not sexy, but it's cool.
Interoperability and Scalability: Core Blockchain is built with a focus on these two crucial aspects, ensuring it remains relevant and adaptable.
The equivalent of bridging is still in the works, but from what I've seen, it's legit!
Compliance and Security: Adherence to global standards and a focus on user transaction security are at the forefront of Core's operations.
Yet, they're not compromising on self-custody and decentralization. CBDCs on Core might (and I say might) not be the worst thing ever. I'm not a fan, but if they have to happen, I'd rather they happen here.
Ecosystem Integration: The integration of Core Token, CorePass, Ping Exchange, and CorePort forms a cohesive ecosystem addressing various aspects of the digital asset landscape.
Basically, you just use QR codes for offline signing to log into any aspect of the ecosystem. Really fast and super easy for anyone to use IMO.
OH, DID I FORGET THIS?
Luna Mesh: This blockchain-based mesh network facilitates machine-to-machine communication, especially for IoT applications, enhancing decentralized communication systems.
THEY HAVE A FUCKING P2P internet!!! I mean, come on!
For me, Core Blockchain exemplifies the innovative spirit and unique value proposition of blockchain. It is not just another blockchain platform but a pioneering ecosystem that embodies the essence of web3.
It is a beacon, illuminating the path to shape the future of decentralized internet, finance, and beyond.
This has to be officially the longest post I'll ever write, but I wanted to put it all down somewhere. If you read this far, god bless you, and feel free to let me know what you think about Core? Am I way off base here? I honestly don't think so. I challenge the founders weekly, and they never disappoint!
Moreover,
@OckertLoubser
is one of my favorite people, and his genuine passion for helping fix a broken system is pretty clear to me.
7:14 AM · Dec 12, 2023
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