What is Coreum?
Coreum emerges as a third-generation, layer-1 blockchain, establishing itself as a key infrastructure in the rapidly expanding arena of decentralized applications (DApps) and decentralized finance (DeFi). This platform distinctly focuses on acting as the backbone for future innovations in the decentralized realm, providing a strong foundation for a diverse range of applications. Central to Coreum's ecosystem is its native token, COREUM, which plays a vital role. This token is crucial for various blockchain interactions, including the consensus protocol that ensures transaction integrity and security, as well as tokenization processes. Tokenization on Coreum unlocks numerous opportunities, enabling the digital representation of assets on the blockchain. Coreum is crafted to meet the requirements of global enterprise operations, offering a transactional capacity of up to 7,000 transactions per second (TPS). This high throughput is vital for applications that demand rapid and efficient transaction processing. Furthermore, Coreum complies with the ISO20022 standard, ensuring compatibility and facilitating smooth cross-border settlements, a critical feature for global financial transactions. A notable aspect of Coreum is its implementation of a Proof of Stake (PoS) consensus mechanism. This approach highlights a commitment to energy efficiency and scalability, addressing key challenges faced by earlier blockchain generations. The PoS mechanism also supports a secure and resilient network, crucial for enterprise-grade applications. Coreum introduces an innovative concept of 'Smart Tokens,' enhancing the blockchain's programmability. These tokens are powered by WASM-based smart contracts, offering a new level of functionality and flexibility. This feature permits the tokenization of Real World Assets (RWA) and supports the development of Neobanking applications, among other use cases. In conclusion, Coreum signifies a significant advancement in blockchain technology, providing a scalable, secure, and programmable platform that meets the needs of decentralized applications and the broader DeFi ecosystem. Its focus on enterprise-grade solutions, high transactional throughput, and innovative features like Smart Tokens positions Coreum as a pivotal player in the evolution of blockchain infrastructure. For more details and updates, visit Eulerpool.














