In an ever-increasing digital landscape, businesses are realizing the potential of blockchain technology to revolutionize their operations, enhance security, and streamline processes. What is Coreum? Meet Coreum, an enterprise-grade Layer 1 blockchain designed specifically to cater to the demands of businesses while providing a robust and secure infrastructure for digital assets, stablecoins, and traditional asset tokenization.
Key Takeaways
- Unveil Coreum, an enterprise-grade Layer 1 blockchain infrastructure for businesses to create and oversee smart tokens.
- Leverage Cosmos SDK, Tendermint consensus engine and IBC protocol for secure scalability & enhanced functionality.
- Incentivize participation with COREUMCOREUM rewards. Automate processes & reduce manual intervention with smart contracts. Access trading platforms & exchanges to make informed decisions when buying or selling the token.
What is Coreum?
Coreum positions itself as a formidable participant in the blockchain industry, presenting a distinct mix of technological progress suited for business applications. It serves as an enterprise-grade Layer 1 blockchain infrastructure, providing developers with the necessary tools and resources to construct and deploy intricate decentralized applications (DApps). Coreum introduces novel standards for smart tokens and tokenization of stocks and ETFs, along with a focus on the Inter Blockchain Communication Protocol (IBC), ensuring seamless interoperability with other blockchains.
Using Coreum’s platform, businesses have the capability to:
- Establish and oversee smart tokens, which are assets issued intrinsically on the Coreum blockchain
- Unlock new opportunities for utility and value creation
- Capitalize on the ever-growing digital assets landscape
Moreover, Coreum is instrumental in the creation and governance of stablecoins, facilitating their development and introduction, whether they are backed by assets or designed as algorithmic stablecoins. This makes it an attractive option for those looking to buy coreum.
Coreum's Infrastructure and Technology
At its core, Coreum leverages the following technologies to ensure a secure and scalable network:
- Cosmos SDK: A framework that facilitates the creation of bespoke blockchains with adaptability and competence.
- Tendermint consensus engine: Ensures the consensus and security of the network.
- Inter-Blockchain Communication (IBC) protocol: Enhances interoperability with other chains based on Cosmos SDK.
- Variable inflation model: Maintains a healthy balance between supply and demand.
This integration and utilization of these technologies allow Coreum to achieve scalability and enhance its functionality within the blockchain ecosystem.
The Tendermint consensus engine contributes to Coreum’s security and scalability by providing high transaction throughput, quick finality, and the ability to scale in response to the growing number of transactions. It utilizes a proof-of-stake consensus mechanism, which enhances security by reducing the risk of attacks compared to traditional proof-of-work blockchains. Tendermint also enables interoperability and cross-chain communication, further increasing Coreum’s capabilities.
Coreum's Compliance and Interoperability
Coreum’s commitment to compliance and interoperability is evident in its adherence to ISO20022 standards and its emphasis on IBC implementation. By adhering to these standards, Coreum can ensure compatibility and seamless communication with other financial institutions and blockchain networks. This not only enables Coreum to integrate with existing systems and networks but also promotes data consistency, automation, and interoperability, making it simpler for Coreum to interact with other systems and provide a smooth user experience.
The importance of implementing IBC in Coreum’s interoperability objectives is highly emphasized.The Inter-Blockchain Communication (IBC) protocol has been integrated and utilized to enable different blockchains to communicate and exchange assets directly, facilitating interoperability between independent blockchains and allowing them to interact and transact with each other seamlessly. This focus on IBC implementation positions Coreum as a valuable player in the blockchain space, where seamless integration across various platforms is paramount to success.
The Role of COREUMCOREUM: More Than Just a Token
COREUMCOREUM, Coreum’s native token, resides at the center of the Coreum ecosystem, playing a significant role in securing the network and encouraging participation. With 50% of the token’s current supply allocated to community members through airdrops, the project ensures community ownership of its future. The total supply of COREUMCOREUM is 500,000,000 coins, determining its scarcity and potentially impacting its value.
COREUMCOREUM incentivizes participation from delegators and validators through various mechanisms. Delegators can stake their COREUMCOREUM tokens with a validator of their choice and receive rewards in return. The voting power of delegators is commensurate with the size of their stake, granting them an opportunity to participate in community voting.
Validators, meanwhile, benefit from the rewards pool and incentives for actively participating in the consensus and ensuring network security. These incentives promote active engagement and contribute to the stability and security of the COREUMCOREUM network.
Securing the Network with COREUMCOREUM
Staking COREUMCOREUM plays a significant role in enhancing the platform’s security and stability. By locking up a specific amount of COREUMCOREUM in a wallet, network participants support the network and validate transactions, thereby enhancing the security and stability of the blockchain.
It is crucial for potential stakers to be aware of the associated risks, such as:
- Custody risks
- Maintenance risks
- Market risk
- Liquidity risk
- Lockup duration
- Potential loss or theft of assets
Before making the decision to stake, it is important to carefully consider these risks.
Incentivizing Participation
Coreum nurtures a flourishing community and ecosystem by rewarding validators and delegators with COREUMCOREUM. Validators are compensated for their efforts in securing the network, with 60% of block fees allocated to them. Delegators, on the other hand, are rewarded in COREUMCOREUM for their participation in the network’s security.
This system of incentives promotes community engagement, growth, and ultimately, the long-term success of the Coreum platform.
Harnessing Smart Contracts on Coreum
One of the distinctive characteristics of Coreum is its smart contracts. They allow programmable tokens and customization, simplifying operations and minimizing security risks. Coreum’s smart contracts facilitate operational efficiency by enabling:
- Automated and trustless transactions
- Eliminating the need for intermediaries
- Reducing operating expenses
- Minimizing the possibility of errors
Coreum’s smart contracts offer extendibility, allowing for the exposure of smart tokens to smart contracts for greater customization. This facilitates the addition of additional features and functionalities to smart tokens. Furthermore, Coreum provides a custom module for processing WASM related messages, allowing users to upload, instantiate, and execute smart contracts with personalized logic.
Programmable Tokens and Customization
Smart tokens on Coreum provide fixed transaction fees along with the capability to perform various smart contract function interactions and contract like functions with other smart contracts. These smart tokens developed have functions such as minting, burning, and sending, which are designed to meet the needs of DeFi. As new use cases become more common, the functionality of these tokens will expand.
Programmable tokens on Coreum interact with other smart contracts by utilizing the features of smart contracts. These tokens are encapsulated within smart contracts and can activate other contracts, thus providing enhanced customization and functionalities. This level of flexibility and interaction is a testament to Coreum’s commitment to providing a versatile blockchain ecosystem that caters to a wide range of business needs.
Streamlining Operations
Smart contracts by Coreum streamline business processes and boost efficiency in a variety of industries. By automating tasks and reducing the need for manual intervention, Coreum’s smart contracts lower operating expenses and eliminate intermediaries, making them an invaluable asset for businesses looking to optimize their operations.
Coreum’s smart contracts have been effectively implemented in a range of industries, including:
- FinTech
- Healthcare
- Supply chain
- Retail
- Gaming
- Insurance
- Real estate
- Digital identity
- IP protection
This wide-ranging applicability speaks to the versatility and potential of Coreum’s technology, paving the way for a new era of streamlined and efficient business operations powered by blockchain.
Coreum's Market Performance and Accessibility
Coreum’s market performance and accessibility are reflected in its trading platforms, trading volume, and price tendencies. The last 24 hours have seen a daily trading volume of $375.83K for Coreum, with its market cap also playing a role in its overall performance. This is an impressive -1.51% increase from one day ago, demonstrating a recent surge in market activity.
The COREUM token can be purchased on centralized cryptocurrency exchanges like Gate.io, MEXC, and Bitrue. This accessibility allows investors and traders to easily buy and trade Coreum, further contributing to its market performance and growth potential.
Trading Platforms and Volume
Popular trading platforms for COREUMCOREUM include:
- Bybit
- gate.io
- MEXC
- Huobi
- OKEX
- BitMart
- Bitrue
- Poloniex
- Binance
- Kraken
- Kucoin
The daily trading volume of COREUMCOREUM across different platforms has been observed to range from $1.42M to $1,483,217 in the last 24 hours. This demonstrates a significant level of trading activity and interest in Coreum, which is essential for the long-term growth and success of the platform.
The trading volume of COREUMCOREUM on these platforms is affected by several factors, including bulk transactions, market beta, trading volume, volatility, transaction fees, and incentives to validators.
By understanding these factors and their impact on trading volume, investors can make more informed decisions when trading COREUMCOREUM.
Price Dynamics
Coreum’s price has experienced fluctuations over time, reaching its highest price of $0.701087 and an all-time low of $0.054692. The current price of COREUMCOREUM is $0.146653. These price dynamics are influenced by supply and demand dynamics, investor attractiveness, financial and macroeconomic indicators, project partnerships, and adoption rate.
Grasping the factors that impact Coreum’s price dynamics is important for investors and traders who aim to leverage the potential growth of this innovative blockchain platform. By staying informed on market trends and the factors that impact Coreum’s price, investors can make more informed decisions when buying or trading COREUMCOREUM.
Advancements and Future Path: The Coreum Roadmap
Coreum’s roadmap outlines ambitious objectives for interoperability and ecosystem expansion, with a focus on implementing IBC and developing a decentralized exchange. The mainnet launch of the Coreum Blockchain is scheduled for March 24, 2023, with a roadmap that emphasizes the platform’s commitment to building a more interconnected and inclusive blockchain ecosystem.
By actively engaging with other prominent blockchain networks and implementing IBC support, Coreum aims to achieve seamless interoperability and expand its reach in the ever-growing blockchain landscape. Coreum’s ecosystem expansion plans include:
- Fostering strategic alliances with other blockchain firms
- Providing active support for projects within their ecosystem
- Offering grants for projects leveraging Smart Token technology
Interoperability Goals
Coreum’s ambitious interoperability objectives aim to achieve flawless integration with other blockchains, thereby enhancing its utility and reach. By leveraging the IBC protocol, Coreum can facilitate the exchange of assets and data across multiple blockchain networks, creating new possibilities for decentralized applications and services.
To reach its interoperability goals, Coreum has implemented bridge technology to facilitate seamless communication and interaction with a variety of blockchain ecosystems. This enables multi-chain interoperability and facilitates the exchange of information and assets across different chains. Coreum’s commitment to achieving interoperability is a testament to the platform’s vision and dedication to building a more interconnected and inclusive blockchain ecosystem.
Ecosystem Expansion
Coreum’s future plans include:
- Nurturing a flourishing ecosystem of projects and applications built on its robust infrastructure
- Forming strategic alliances with other blockchain firms and data intelligence platforms like Xangle
- Actively supporting projects within its ecosystem
- Providing grants to projects that leverage its Smart Token technology
Initiatives like Coreum’s grant program and Hackathon with EBC demonstrate the platform’s commitment to supporting the development of innovative projects and empowering next-generation blockchain developers. This focus on fostering a thriving ecosystem and supporting projects within its network is a crucial component of Coreum’s long-term growth and success.
Summary
In conclusion, Coreum is a powerful and innovative enterprise-grade Layer 1 blockchain platform designed to meet the needs of businesses. It boasts a robust infrastructure, cutting-edge technology, and an ambitious roadmap focused on interoperability and ecosystem expansion. With its native token COREUMCOREUM playing a crucial role in securing the network and incentivizing participation, Coreum is poised to revolutionize the way businesses leverage blockchain technology. As the platform continues to grow and develop, the future is bright for Coreum and its thriving ecosystem.
Frequently Asked Questions
What industries can benefit from Coreum's smart contracts?
Coreum's smart contracts can benefit many industries, such as FinTech, healthcare, supply chain, retail, gaming, insurance, real estate, digital identity, and IP protection.
How does Coreum ensure compatibility with other blockchains?
Coreum facilitates compatibility with other blockchains through adherence to ISO20022 standards and by implementing IBC support.
What is the total supply of COREUMCOREUM and how does it impact its value?
With a total supply of -- COREUMCOREUM coins, the scarcity of the token could have an impact on its value.
How can I buy and trade COREUMCOREUM?
To buy and trade COREUMCOREUM, you can utilize popular centralized crypto exchanges such as Gate.io, MEXC, and Bitrue.
What are the primary goals in Coreum's roadmap?
Coreum's primary goals are to improve interoperability, expand the ecosystem through IBC implementation and develop a decentralized exchange.
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