Coreum COREUMPrice $ 0.0622

Coreum is a 3rd generation, layer-1 Blockchain built to serve as a core infrastructure of future decentralized applications. Coreum uses a Bonded Proof of State (BPoS) consensus mechanism that allows for Staking, non-custodial Delegating, Slashing, and Governance. With a block time of 1.5 seconds, Coreum is extremely fast and can process up to 7,000 transactions per second with a federated group consisting of 9 validators that rotate every 4 hours. While many Blockchain networks currently use the Ethereum Virtual Machine, Coreum benefits from the modern turing-complete Web Assembly (WASM) engine to process smart contracts. These contract applications can be written in many languages and compiled into WASM before processing. This feature allows for extensive growth in Decentralized Applications (dApps) within the Coreum Ecosystem.

With hundreds of Blockchains currently being used, Coreum deploys a bridge functionality to interoperate with various chains through the collateralized wrapping. This allows for other cryptocurrencies to flow into Coreum’s Ecosystem seamlessly. With native support for the issuance of any fungible and non-fungible assets on-chain, Coreum takes asset issuance and minting to the next level. This built-in functionality even allows issuers to customize their tokenized assets with optional features for when it comes to the heavily regulated financial markets like Stock and ETFs.

Coreum provides developers and financial institutions with a complete essential infrastructure to build any DeFi applications. Coreum even incentivizes and provides grants to qualified developers to build intuitive dApps on the Coreum blockchain.

The CORE token is the native token of the Coreum blockchain, a transactional token that facilitates all operations and functionalities within the network.