#CORE Hot Focus - Nearly 7 times in half a month, the new narrative of BTCFi behind the rise of Core

Recently, Core Chain, a Layer 1 public chain, has once again gained market attention due to its bright pump. Core's exponential pump has benefited from Bitcoin Miner demand and BTCFi's new narrative. According to the official introduction, Core Chain is a Bitcoin-driven, EVM-compatible Layer 1 public chain, designed to complement Bitcoin while serving as its highly scalable smart contracts platform, and the current ecosystem has covered wallets, DEXs, Oracle Machines, cross-chain bridges, NFTs and Gaming and other longest tracks. According to blockchain explorer, as of April 2, Core has achieved more than 230 million on-chain transactions and more than 15.63 million Wallet Address.
At the end of February this year, Core released a long article on the vision and practice of "unlocking Bitcoin Decentralized Finance", pointing out that there are currently about $1 trillion of Bitcoin in the market waiting to be unlocked through BTCFi, but for example Bitcoin while Layer 2 solutions can achieve scalability, operational complexity, capital efficiency, Liquidity issues, and other technical hurdles prevent Bitcoin from being adopted on a large scale, and the user and developer experience is too complex. Core believes that the key to unlocking Bitcoin Decentralized Finance is to extend the incentive alignment of Bitcoin from Bitcoin assets to smart contracts platforms. To that end, Core announced the launch of coreBTC, a non-custodial Bitcoin stake, Bitcoin Core's native wrapper, to unlock BTC Decentralized Finance's $200 billion market capitalization. Among them, the non-custodial Bitcoin stake is implemented using absolute timelock technology, which allows users to stake directly within the Bitcoin ecosystem, without the need to transfer Bitcoin to other platforms or encapsulation, which can greatly improve the high level of security and trust, and can also obtain CORE Token as Bitcoin passive income;
oreBTC aims to create a more natively wrapped Bitcoin, for which Core introduces roles such as custodian, porter, guardian and liquidator to achieve security, decentralization, trustlessness, permissionlessness and censorship resistance. In particular, if there is a decrease in the value of the Collateral relative to the value of the locked Bitcoin, Core will allow liquidators to Forced Liquidation Collateral, by using coreBTC to buy the collateralized Token CORE at a discounted price and burn coreBTC, thereby driving the collateral ratio rise and returning custodians to a healthy state. At present, coreBTC has been officially launched.
What's more, Core's innovative Consensus Mechanism, Satoshi Plus, is also one of its core strengths, which incorporates Bitcoin Miner and Mining Pool into a secure, scalable smart contracts platform by combining Delegated Proof of Work (DPoW) and Delegated attestation (DPoS). Recently, Bitcoin Computing Power top 10 spider Mining Pool SpiderPool also announced that it has hash power participated in Core's Satoshi Plus Consensus Mechanism for dual mining.