In the past weeks, there has been an increase in questions to ascertain what will be the launch price of the Satoshi Core Mining crypto project.
While many participants has been making numerous speculations on the launch price of Satoshi Core at Mainnet, some are yet to understand certain determining factors.
“Satoshi Core Mining” MainNet Launch Price Update – Overviews
On the official Discord channel of Satoshi Core, a user stated that, miners should not be worried in any way about CORE’s price because its contraction mechanism, scarcity will be a great driving force.
“The reason why y’all shouldn’t be worried or concerned about the price of CORE is found in the Conclusion of the whitepaper. Through its provably scarcity, contraction mechanism, governance, etc. CORE aims to become both the value accrual and usability layer for all decentralized applications.
Take note of the last three words: “all decentralized applications (dApps).” It is not just about dApps on the Core Chain alone, it goes beyond that; universal viewpoint we’re looking at. Also, don’t forget Core Chain inherent ability to support thousands of chains (homologous blockchains). Now you can imagine CORE being the base layer currency in paying transaction fees between and among all these chains on our blockchain. Priceless!”
More so, the Satoshi Core serving as a fuel (gas fee) for transactions that will be transpiring on the Core Chain by mainnet is a great push. The project verifiably employs State-of-the-Art to solved Blockchain Trilemma, namely: Decentralization, Security and Scalability.
On decentralization, the emphasis is on validators, who have the responsibility of adding new transactions (new blocks). A blockchain’s primary objective should be to appoint validators while maintaining decentralization and allowing for scalability.
Core mining does this by electing 21 validators based on hybrid scores. Satoshi Plus’ Validator Election Mechanism selects Validators with the optimal blend of BTC hash power (Bitcoin Miners) and staked CORE (CORE Holders) to comprise the Validator Set and produce blocks both securely and efficiently.
Core is a scalable and secure decentralized crypto. Everything around it like will be decentralized so no one has control over anyone’s assets. The sole responsibility for your assets is strictly on you alone.
The code upon which a flawlessly executed blockchain runs on doesn’t require human intervention anymore when it’s deployed. Let’s take Bitcoin for instance, it’s automated and immutably coded to run as long as humans exist to make transactions.
CORE is built same way and secured by BTC miners. And the DAO in charge now are overseeing the project till sufficient decentralization is achieved, then afterwards community involvement in adherence to protocols.
On the Mainnet launch price speculations of Satoshi Core, it is advisable to not quote figures to avoid misinformation. The project’s Development Team which have spent over 6m USD – via the BTC Giveaway that was recently halted temporarily – is a prove that they mean business, and a certainty that tremendous global adoption awaits CORE in the crypto industry.