Coreum (COREUM) is a third-generation, layer-1 blockchain that aims to serve as a fundamental infrastructure for decentralized applications. It strives to provide a robust platform for the development and operation of various applications, with a particular focus on enterprise-grade solutions. Coreum's architecture is designed to offer high throughput, cost-effective transaction fees, and scalability, with the capacity to handle up to 7,000 transactions per second. It employs a Bonded Proof of Stake (BPoS) consensus mechanism, which allows for staking, non-custodial delegating, slashing, and on-chain governance. Coreum also features native support for the issuance of any fungible and non-fungible assets on-chain, enabling asset issuance and minting at an advanced level.

Coreum operates using a Bonded Proof of Stake (BPoS) consensus mechanism, which allows stakeholders to stake their CORE tokens and participate in the network's governance. This mechanism aims to ensure the network's security while compensating validators and delegators for their participation. Coreum also features smart tokens, which are natively issued tokens on the Coreum chain that are wrapped around smart contracts. These tokens are highly customizable and designed to be lightweight and flexible. Coreum also utilizes WebAssembly (WASM) to process smart contracts, enabling diverse use cases and facilitating the development of decentralized applications.

Coreum aims to provide a robust platform for a wide range of decentralized applications. Its smart token technology allows for the issuance of any fungible and non-fungible assets on-chain, enabling advanced asset issuance and minting. This built-in functionality can be used to represent a variety of assets, including stablecoins, digital assets, traditional asset tokenizations, Central Bank Digital Currencies (CBDCs), and Non-Fungible Tokens (NFTs). Coreum's design aims to accommodate applications that require high transaction volumes and speed, such as decentralized exchanges (DEXs) and financial applications.

Coreum was developed by the Sologenic Development Foundation Limited and its team of project members, known as the CORE team. The project's technical white paper was released in February 2023, outlining the blockchain's architecture, consensus mechanism, smart token features, and potential use cases. Since its inception, Coreum has been working towards addressing real-world problems at scale by providing native token management systems and facilitating the adoption of decentralized technology in large-scale organizations. The project also aims to foster a community of open-source developers, token holders, validators, and members supporting the protocol.