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What is Core?

Core (CORE) is a Layer-1 (L1) blockchain powered by the Satoshi Plus consensus mechanism. By combining attributes of Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS), Core looks to provide a secure, decentralised, and scalable network.

  • According to their whitepaper, Core’s major innovation is a novel consensus mechanism, known as Satoshi Plus, that unites DPoW and DPoS. In doing this, Core incorporates Bitcoin miners in securing smart contracts.
  • Core is Ethereum Virtual Machine (EVM) compatible, meaning it can run Ethereum smart contracts and decentralised applications (dApps). Developers are rewarded for building dApps on the Core blockchain.
  • CORE is the native utility token of the Core network. It is used to cover blockchain fees, node operator payments, staking and governance. Token Holders can vote on token governance and consensus in their DAO.

Through offering innovations like Satoshi Plus, Core aims to strengthen the Bitcoin network without consuming unnecessary block space. The team looks to achieve both decentralisation and scalability by dealing with the challenges of the blockchain trilemma. While further decentralising through their community governed DAO where the community can inform protocol direction.

How do I swap Core?

Enter amount to swap
Select the quantity of Core you would like to swap.
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Select the coin you would like to swap with.
Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Core

Why Should I Trade CORE with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Core no matter what your trading experience is. Unlike other international and Australian Core exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Core with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Core how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Core?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Core for free.

Cold Storage

If you are holding Core as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Core. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Core. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Core has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Core is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Core exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Core & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Core safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Core portfolio here.
Yes! With CoinSpot you can convert your Core to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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