This video explores how Core is unlocking Bitcoin’s potential in Web 3. It covers Bitcoin’s limitations, how Core enhances its functionality, and why Core is uniquely positioned to bring new opportunities to Bitcoin. You’ll learn what Core is unlocking for Bitcoin and its vision for the future, all in the context of creating a more decentralized and scalable blockchain ecosystem!
Chapters:
00:00 Intro
00:19 Bitcoin is the OG but lacks features
00:46 Core improves Bitcoin
00:55 Why Core is able to unlock Bitcoin
01:43 What Core is unlocking for Bitcoin
03:25 Core’s vision for the future
03:53 Recap
04:07 Outro
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The Core blockchain network is a Bitcoin-powered layer-one blockchain for EVM-Compatible smart contracts. With over 50% of Bitcoin mining hash power contributing to Core’s security and over 5,500 BTC natively staked in exchange for unlocking Bitcoin utility and rewards, Core is the most Bitcoin-aligned EVM blockchain (BTCfi, Bitcoin staking, and more). This breakthrough has amassed a massive community of 2.2M Twitter followers and 265k Discord members which has translated into millions of Core adopters, over 22M unique addresses and 274M transactions since its mainnet launch in January 2023.
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A Game-Changing Revolution for Bitcoin in Web 3
In today’s tech world, Bitcoin is often seen as a relic of the past, a classic sports car that’s brilliant for speed but lacking in features for the fast lane of decentralized finance (DeFi) and Web 3. However, Core is changing that narrative. As the proof-of-stake layer for Bitcoin, Core brings it into the DeFi ecosystem, unlocking possibilities that were once thought out of reach.
Here’s what makes Core unique: it’s designed with Bitcoin at its core, literally. Its consensus mechanism is based on Satoshi plus, which integrates non-custodial Bitcoin staking and proof-of-work from Bitcoin miners. This helps secure the Bitcoin miners and makes Core EVM-compatible, allowing developers to build Decentralized Applications (dApps) and smart contracts on top of it.
With Core, Bitcoin is no longer just a store of value; it can be put to work in various DeFi protocols, mint NFTs, and interact with decentralized apps. This is a game-changer for builders who want to integrate Bitcoin into their projects. Core’s main net launch was in January last year, and its vision is to bring Bitcoin to Web 3, creating a fully interoperable blockchain ecosystem that enables developers to push the boundaries of what’s possible.
Noteworthy related fact: Core’s staking mechanism allows Bitcoin holders to earn yield without giving up custody of their assets, making it a crucial feature for the future of Bitcoin in Web 3.
Another notable fact: Core’s EVM compatibility makes it easier for developers to move their applications from other platforms like Ethereum to Core, opening up a new world of possibilities for Bitcoin and Web 3 enthusiasts alike.
