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Coreum is a blockchain platform designed for creating decentralized applications and fintech solutions. Built on the XRP Ledger, it offers a secure and fast environment for developing financial tools, supporting smart contracts, token issuance, and high-speed transactions, making it ideal for decentralized finance (DeFi) and high-frequency trading.
Coreum utilizes the XRP Ledger to provide a scalable and fast platform for its applications. This integration allows it to offer secure transactions and smart contract capabilities while maintaining compatibility with the robust infrastructure of the XRP ecosystem, enhancing performance for dApps and fintech solutions.
Developers benefit from Coreum's Layer-1 blockchain which supports smart contracts and token issuance, facilitating the creation of scalable and secure decentralized applications. Its high-speed transaction capabilities make it particularly advantageous for real-time and high-frequency trading applications, catering to the needs of the fintech industry.
Coreum distinguishes itself through its integration with the XRP Ledger, emphasizing speed, scalability, and security. This makes it an attractive option for developers focused on high-frequency and real-time financial applications, setting it apart from other Layer-1 platforms that might not offer the same transaction efficiency or ecosystem benefits.
Coreum tokens are actively traded across 10 markets, showing a dynamic trading environment with a 24-hour volume ranging from approximately $267,641 to $2,073,795. The token has a circulating supply of 384,792,048, contributing to its liquidity and availability for traders.
If you face issues deploying a smart contract on Coreum, ensure you're using the correct specifications compatible with the XRP Ledger. Check for technical support or resources on Coreum's official website, or engage with their developer community for troubleshooting tips and best practices.
Layer-1 blockchain for business scalability.
Coreum is a pioneering Layer-1 blockchain platform designed with the intent to provide a robust and adaptable infrastructure for the deployment of decentralized applications (dApps) and decentralized finance (DeFi) solutions. Its mission is to create a secure, scalable, and interoperable environment conducive to enterprise and business use, promoting the seamless integration of blockchain innovation into traditional financial systems. Founded in 2021 by Bob Ras and Reza Bashash, Coreum distinguishes itself with its high throughput ability of approximately 7000 transactions per second through a Bonded Proof of Stake consensus mechanism that leverages the Cosmos SDK and Tendermint Byzantine Fault Tolerance, emphasizing efficiency and security. The platform’s native token, COREUM, plays a pivotal role in network operations encompassing staking, governance, fee transactions, and smart contract facilitation. Its introduction of advanced smart tokens and capability to tokenize real-world assets highlights its adaptation to institutional needs and compliance frameworks, offering unique functionalities like burning, freezing, and clawback options.
The technical structure of Coreum priorit...
Coreum is a pioneering Layer-1 blockchain platform designed with the intent to provide a robust and adaptable infrastructure for the deployment of decentralized applications (dApps) and decentralized finance (DeFi) solutions. Its mission is to create a secure, scalable, and interoperable environment conducive to enterprise and business use, promoting the seamless integration of blockchain innovation into traditional financial systems. Founded in 2021 by Bob Ras and Reza Bashash, Coreum distinguishes itself with its high throughput ability of approximately 7000 transactions per second through a Bonded Proof of Stake consensus mechanism that leverages the Cosmos SDK and Tendermint Byzantine Fault Tolerance, emphasizing efficiency and security. The platform’s native token, COREUM, plays a pivotal role in network operations encompassing staking, governance, fee transactions, and smart contract facilitation. Its introduction of advanced smart tokens and capability to tokenize real-world assets highlights its adaptation to institutional needs and compliance frameworks, offering unique functionalities like burning, freezing, and clawback options.
The technical structure of Coreum prioritizes interoperability and security, being connected to over a hundred blockchains through the Inter-Blockchain Communication protocol and having a dedicated bridge to the XRP Ledger. This connectivity is crucial for enabling fast and secure cross-chain asset exchanges. Coreum's roadmap outlines the development of a sophisticated decentralized exchange that supports synthetic order books and multi-token swaps, emphasizing innovation in financial product offerings on blockchain. The alignment with financial standards like ISO 20022 and their venture-friendly blockchain accelerator further accentuate Coreum's commitment to bridging traditional finance with blockchain solutions, fostering ecosystem development through strategic partnerships and grant programs. The open-source approach alongside extensive tooling and documentation ensures robust developer support and encourages innovation within the Coreum ecosystem. Collectively, these qualities render Coreum a comprehensive solution for enterprises seeking to harness blockchain technology for scalable, secure, and compliant digital financial services and applications.
