What Is CORE MultiChain (CMCX)?

CORE MultiChain is a virtual world platform developed on blockchain technology for everyone worldwide. The platform functions using a PoS network that concentrates on interoperability, usability, and scalability. Besides this framework, the platform utilizes an:

• AI-driven (Artificial Intelligence) proof of stake algorithm

• Voting-based governance

• A multi-layered consensus model

These mechanisms, in turn, allow the platform to provide users with a blockchain-driven virtual world.

According to the website, the platform integrates this AI-based PoS consensus with a scalable and reliable parallel protocol for distributed ledger through side chains and off-chain methods. Thus, allowing the platform to speed-up block broadcasting in the blockchain networks. Further, to make the platform easy to use, the CORE MultiChain launched its wallet. This wallet functions as a simple payment gateway, offering easy usage, a better user experience, and access to the advanced solution for both users and businesses.

According to the whitepaper, the CORE platform includes an AI ideal at the heart of its blockchain. The AI model allows the network to reach consensus conveniently and decreases the network's overall drawback. This method accelerates the network's whole transaction processing duration and helps the network function against attacks or faults.

Further, the CORE platform aims to perform an enduring donation to the blockchain ecosystem. This action is carried out by handling the current boundaries of blockchain technology via the hybrid software resolution and extending the global blockchain network. Besides this resolution, the platform also seeks to work in a genuinely peer-to-peer community with deep involvement in the community, thus allowing the platform to create a community-centric platform by infusing community-leading behavior within the team's core opinions.

According to the whitepaper, the CMCX token was introduced as a native and utility token of the CORE platform. The token lets users transact on the blockchain and bear the utility fees in the ecosystem. CMCX can be utilized for staking, governance, defining smart contracts, carrying out transactions, and rewarding validators on the platform.

Besides these utilities, CMCX allows individuals to vote for management and creator teams within the platform as funding for the project arrives from contributions done by the CORE community. The community can vote on any modifications suggested to the blockchain or platform, forming a user-driven blockchain.

History of CORE MultiChain (CMCX)

The Core MultiChain platform was launched in 2021 for people and businesses worldwide. The platform released its latest whitepaper in March 2021. The token of the platform has a total supply of 20,000,000,000 CMCX.