Daily Hot Token — Core DAO (CORE)
Stocks closed higher on Tuesday with Nasdaq gaining 1.9%. The Fed Chair Jerome Powell’s remarks highlight the necessity to continue with rate hikes but did admit inflationary pressures have likely eased. Meanwhile, the broader cryptocurrency market followed suit, with Bitcoin down by 1.83% and Ether up by 2.82% in the past 24 hours as of the time of writing. Today’s hot token is CORE, as Core DAO airdrops its native tokens to the community.
CORE is the native token of Core DAO, the governing body for Core Network. The mainnet for Core Network was newly launched on Jan 14, 2023, the network has also set to airdrop 25% of CORE’s total token supply to the community on Feb 8, 2023. The popularity of Core Network stems from its promotion of nearly perfect network functionalities, which claims to own robust security as Bitcoin, smart contract ability as Ethereum, and high throughput as Solana. Sotoshi Plus Consensus adopted by Core Network is a blend of PoW and DPoS, with features of both mining and PoS staking available to network participants. Ethereum killers such as Solana addressed pain points of Ethereum in the past bull cycle; hence, it is no surprise that rising newcomers such Core Network will continue to make breakthroughs in blockchain technology. That said, the network functionalities have yet to be tested, we would have to wait and see if the network can indeed function as its whitepaper suggests.
Check Out the Latest Prices, Charts, and Data for ,CORE/USDT,!
Talk of the Town
Lido Finance introduces its largest upgrade to date, Lido V2, which features withdrawal speed-up and new staking routers. The upgrade will be submitted for approval after security audits and made public in April. Lido V2 is essentially a protocol upgrade that leverages the technology of March’s Ethereum Shanghai upgrade. The Instant withdrawal of staked Ether is made possible with Lido V2, with spare Ether in a buffer used to fit withdrawal demands. Furthermore, adding new staking routers turn the largest liquid staking protocol more decentralized, as users can propose new routers that are not controlled by Lido DAO.
Check out what else is buzzing in the crypto scene today:
Genesis and parent DCG reach an initial deal with creditors, Gemini. (,Link,)
Shares of Bitcoin Miner Hut 8 Slump on Merger With US Bitcoin Corp. (,Link,)
Source: Bybit Blog