These technologies enable the creation of complex, programmable use cases, such as tokenized Real World Assets (RWA) and Neobanking applications, without compromising on security. Coreum is designed to meet the demands of global enterprise operations, boasting a transactional capacity of up to 7,000 transactions per second (TPS). This high throughput is essential for applications requiring fast and efficient transaction processing. Additionally, Coreum adheres to the ISO20022 standard, ensuring compatibility and ease of cross-border settlements, a critical feature for global financial transactions. Coreum emerges as a third-generation, layer-1 blockchain, positioning itself as a pivotal infrastructure for the burgeoning world of decentralized applications (DApps) and decentralized finance (DeFi).
Coreum (COREUM) Joins Ledger Live! Send, Receive & Stake Your Cosmos-Based Tokens
In conclusion, smart tokens on Coreum leverage the advanced capabilities of the Cosmos SDK and the interoperability offered by IBC to provide a powerful, flexible, and secure framework for digital asset management. This innovation not only enhances the utility of https://cryptolisting.org/ the Coreum blockchain but also sets the stage for the next evolution in blockchain technology’s role in digital commerce and finance. Moreover, the cost-efficiency of interacting with smart tokens is markedly improved compared to traditional smart contracts.
How is Coreum secured?
Coreum’s cross-chain routing capability, facilitated by bridges with IBC and XRPL, expands user and developer opportunities by enabling asset transfers across blockchain ecosystems. This feature not only enhances liquidity through integration with XRPL’s DEX and other DeFi platforms but also supports advanced tokenization and smart contract functionalities. The non-custodial bridge architecture ensures security and trust, allowing for the safe and efficient movement of assets, and fostering a more interconnected blockchain environment.
Coreum community
With its high transactional speed, compliance with international standards, and advanced programmability, Coreum is poised to make a significant impact on the global blockchain landscape. In addition to its enterprise and financial applications, Coreum’s smart contract capabilities and interoperability with other blockchains make it a versatile platform for decentralized applications (dApps) and decentralized finance (DeFi) projects. Its ability to interact with other blockchains enhances its utility, enabling cross-chain applications and services that can benefit from Coreum’s speed, security, and programmability.
- The DEX supports the trading of $COREUM, as well as any issued assets found on Coreum.
- This is further enhanced by CosmWasm, a smart contract engine that allows developers to write secure and interoperable smart contracts in multiple programming languages thanks to its compatibility with WebAssembly (WASM).
- Data intelligence platform providing research, analytics, and indexes utilizing on/off-chain data.
- Decentralized data oracle enabling Coreum native dApps to securely access off-chain data.
By mid-2024, Coreum will implement a native decentralized exchange (DEX), enhancing trading capabilities within its ecosystem. Later in the year, it aims to further expand its services with the launch of an Asset Tokenization Gateway and advanced DEX functions, solidifying its position in the blockchain space. These strategic developments underscore Coreum’s commitment to providing a scalable, efficient, and user-centric blockchain environment, facilitating a wide range of financial activities in a decentralized manner. Coreum’s compliance with ISO20022 for cross-border settlements further exemplifies its readiness to facilitate seamless and secure financial transactions on a global scale. This standardization ensures interoperability among diverse financial systems, making Coreum an attractive proposition for enterprises looking to leverage blockchain technology for cross-border payments and settlements.
Smart tokens
Coreum, a Layer-1 blockchain, was co-founded in 2021 by Bob Ras and Reza Bashash in Dubai, United Arab Emirates. Bob Ras, a prominent figure in technology and blockchain, is known for his strategic contributions to the industry. He has a history of founding successful companies, including Hardex, and played a vital role in the development of Sologenic and CoreNest.
At the core of Coreum’s architecture is the Cosmos SDK, a flexible toolkit for building blockchain applications. By utilizing the Cosmos SDK, Coreum benefits from a modular structure that allows for the customization of blockchain functionalities to fit specific use cases. This modularity is crucial for the adaptation of blockchain technology to diverse enterprise environments, supporting a wide range of applications from financial services to supply chain management.
Coreum’s security architecture is multifaceted, incorporating advanced technological measures and strategic partnerships to ensure the integrity and safety of its network. At its foundation, Coreum utilizes a Bonded Proof of Stake (PoS) consensus mechanism. This approach not only facilitates high transactional throughput, capable of reaching up to 7,000 transactions per second (TPS), but also significantly enhances network security. Participants in the network must stake their tokens as collateral, creating a vested interest in the network’s continuous operation and security. Coreum is a 3rd-generation layer-1 enterprise-grade blockchain built to serveas a core infrastructure for decentralized applications with ISO20022 compatibility, IBCinteroperability, and novel Smart Tokens.
This platform distinguishes itself by its commitment to serving as the backbone for future innovations in the decentralized space, offering a robust foundation for a wide array of applications. One of the key highlights of Coreum is its support for deploying smart tokens, distinctive programmable assets that go beyond the capabilities of traditional smart contracts. Noteworthy examples of such programmable tokens include Soulbound NFs, Tokenized Securities, and Programmable Money. These smart tokens are natively issued on Coreum and encapsulate a range of functionalities facilitated by smart contracts, making them highly customizable yet lightweight and efficient. The inherent flexibility of smart tokens is due to their extendable nature, allowing developers to add bespoke functionalities tailored to specific business needs.
Headquartered in Singapore, a global exchange for crypto options, derivatives and futures. Liquidity and messaging router for asset swaps across EVM and Cosmos-based chains. A user-first streaming platform using Smart NFT technology for user access management. 1st realistic blockchain simulator with PACs, enhancing app reliability and certifying scalability. A Smart Dashboard to accelerate blockchain development with tools, modules, and features.
These include the deployment of the XRPL – Coreum Bridge in March, the launch of an open-source Token Hub in April, and updates to its Developer Playground that will introduce smart contract querying and execution with AI co-pilot support. By May, it plans to implement smart tokens that support clawback policies, followed by the introduction of Smart Token Extensions in June which will allow for customizable logic using Smart Contracts. The introduction of ‘Smart Tokens’ through Coreum’s advanced programmability is another noteworthy development. Utilizing WASM-based smart contracts, Coreum enables a wide array of use cases, from tokenizing real-world assets to powering neobanking applications. This level of programmability opens up new avenues for innovation, allowing businesses and developers to create robust applications that can transform various industries. In summary, the key events for Coreum, including the establishment of the Coreum Foundation and the launch of its blockchain, highlight its ambition and potential to redefine enterprise operations through blockchain technology.
Coreum’s blockchain architecture is designed to accommodate complex global financial systems and ensure seamless interoperability between blockchains. This setup not only facilitates enhanced financial communication but also introduces efficient cross-chain functionalities and inclusive governance models, each crucial for diverse blockchain applications. The COREUM token is primarily used to facilitate all operations and functionalities within its network.
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Coreum has marked its presence in the blockchain space through significant milestones that underscore its commitment to revolutionizing enterprise operations on a global scale. The establishment of the Coreum Foundation in 2023 was a pivotal moment, laying the groundwork for governance and development of the Coreum blockchain. This non-profit organization plays a crucial role in stewarding the ecosystem, ensuring that the blockchain remains open, decentralized, and accessible. Coreum, built atop the robust foundations of the Cosmos SDK and leveraging the Tendermint consensus engine, showcases a leading-edge approach to blockchain technology. This framework provides Coreum with the necessary tools to create a scalable, secure, and interoperable blockchain network that caters specifically to enterprise needs.
As businesses and enterprises increasingly depend on blockchain technology, there is a rising demand for infrastructure that is both scalable and fast, yet compliant with stringent regulations. These requirements ensure that organizations can leverage blockchain technology effectively while adhering to legislative frameworks. Responding to these industry needs, Coreum offers a blockchain solution that promises high scalability, rapid transaction capabilities, and a structure designed to meet regulatory standards. Additionally, how to do payroll taxes and process payroll yourself with native support for the issuance of any fungible and non-fungible tokens on-chain, Coreum takes asset issuance and minting to the next level. This built-in functionality even allows issuers to customize their tokenized assets with optional features such as wallet whitelisting, burning and freezing for when it comes to the heavily regulated financial markets like Stock and ETFs. Coreum distinguishes itself with a Bonded Proof of Stake (BPoS) consensus mechanism that underpins its on-chain governance model.
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