In this introduction, we will unveil the incredible features of Coreum and explain why you should pay utmost attention to this groundbreaking blockchain technology.

The Rise of Coreum

Coreum, developed by Sologenic, is an 3rd generation, enterprise-grade layer one blockchain network that aims to address pain points in current blockchain networks. It provides a scalable infrastructure for decentralized applications (dApps) and offers fast, low-cost transactions with cross-chain support and smart contract capabilities. Coreum competes with established blockchains like Ethereum by tackling issues such as high transaction fees, slow processing rates, and excessive energy consumption. It achieves this through efficient, secure, and sustainable transaction processing, along with a new consensus mechanism that significantly reduces its carbon footprint. The blockchain was officially launched in March by the Coreum Development Foundation and aims to support the mass adoption of decentralized technology among enterprise-grade entities. It incorporates features such as Smart Tokens, which combine natively issued tokens with smart contracts for increased customization, speed, security, and reliability. Additionally, Coreum integrates ISO20022 compliance and Cosmos SDK Inter-Blockchain Communication (IBC) interoperability.

Adoption of the Technology

The development of Coreum was based on the Sologenic Tokenization Technology, which allows trading of stocks and ETFs on the XRP Ledger. Sologenic will integrate with Coreum, enabling users to hold and trade fungible and non-fungible assets on both platforms. The blockchain aims to process up to 7,000 transactions per second and is supported by notable validators like Cosmostation, Huobi, and Citadel One.

Coreum actively supports projects within its ecosystem and has provided grants to companies such as Zeeve, Telios, D'Cent, Stably, Common, and Amber. The platform has also launched its second wave of grants for projects leveraging its Smart Token technology.

Further Information on Smart Tokens

Smart tokens offer the next generation of blockchain-based assets by combining natively-issued tokens with smart contracts, enabling them to execute functions independently without intermediaries. This introduces a new way to interact with digital assets on the Coreum network, allowing enterprises to predetermine behaviors and execute contract-like functions while operating on the chain's storage. The predictability of execution time, fees, and responses enables the development of stable applications and mitigates the risk of exploits. Additionally, smart tokens unlock the power of tokenization, allowing for the assignment of unique properties and functionalities to various token types, including fungible, non-fungible, and hybrid tokens, enabling powerful and scalable use cases such as CBDCs, stablecoins, tokenized securities, soulbound tokens, interactive NFTs, programmable money, wrapped cryptocurrencies, and real estate tokenization.

Upcoming Plans for Coreum Development

The Coreum roadmap outlines several key milestones and developments. In Q3 2023, the focus is on implementing a decentralized exchange (DEX) with features like order submissions and a synthetic order book. Moving to Q4 2023, Coreum aims to introduce the Inter-Blockchain Communication Protocol (IBC) for on-chain native interaction with the Atom Token. By Q1 2024, the roadmap includes plans for advanced DEX functions such as One-Cancel-Other (OCO) orders and Trailing-Stop Orders. Additionally, Coreum aims to provide IBC support for other blockchain networks including XRPL, Ethereum, Solana, BSC, and Bitcoin.

Unlock the Power of Coreum with Forbole: Your Comprehensive Staking Guide

Are you intrigued by the potential of Coreum? Take your involvement to the next level by staking $CORE, the native token of Coreum with Forbole. We're here to provide you with a step-by-step guide that will seamlessly navigate you through the staking process. Don't miss this opportunity to maximize your participation in the Coreum ecosystem with Forbole as your trusted partner and stake now!

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