Cryptocurrencies have been around for over a decade now, and since the advent of Bitcoin in 2009, the world of digital currencies has witnessed phenomenal growth. The development of blockchain technology, on which cryptocurrencies are built, is ongoing, and new cryptocurrencies are emerging, each with its unique features and benefits. One such cryptocurrency that has gained popularity in recent years is Corum.
What is Coreum Cryptocurrency?
Coreum is a decentralized blockchain-based platform designed to provide a secure and transparent environment for digital transactions. The platform is designed for fast and secure transactions that are validated through a consensus algorithm, making it a reliable platform for users.
Coreum is a third-generation, part 1 blockchain that has been designed with smart contracts to work as the main foundational framework for future decentralized applications. If you want to learn where and how to buy Korma at current rates, you can read this article.
| Crypto Name | Coreum (CORE) |
| Coreum (CORE) Price | $0.2752 |
| Market Cap | $27,394,871 |
| Fully Diluted Market Cap | $137,617,972 (-14.57%) |
| 24h Volume | $501,987 (+49.52%) |
| CEX Vol | $503,900 |
| 24h low / high | $0.2683 / $0.3687 |
| Max Supply | 500,000,000 |
What are the features of Coreum Cryptocurrency?
Coreum offers several features that set it apart from other cryptocurrencies. Firstly, it provides fast transaction speeds that can process up to 10,000 transactions per second, which is much faster than popular cryptocurrencies like Bitcoin, which can only process up to 7 transactions per second.
Secondly, Coreum is a decentralized platform that provides users with high levels of security and privacy. Transactions are validated through a consensus algorithm in which nodes form a network, making it almost impossible for anyone to manipulate the system.
Thirdly, Coreum provides low transaction fees, making it a cost-effective option for users. Additionally, it allows for micro-payments, meaning users can easily send and receive small amounts of money without incurring high fees.
How does Coreum work?
Coreum is built on a blockchain-based platform that operates on a Proof-of-Stake (PoS) consensus algorithm. In this algorithm, validators form a network that is responsible for validating transactions on the network. Validators are selected based on their stake in the network, meaning that the more tokens they hold, the more likely they are to be chosen as validators.
Consensus Algorithm
The PoS consensus algorithm used by Coreum is designed to ensure that the network remains secure and reliable. Validators are incentivized to keep the network running by receiving transaction fees and newly created tokens as rewards.
Smart Contracts
Coreum also supports the use of smart contracts, which are self-executing contracts that are automatically executed when certain conditions are met. Smart contracts are a key feature of blockchain technology, and they enable users to execute complex transactions without the need for intermediaries.
Overall, Coreum’s blockchain-based platform and PoS consensus algorithm provide a secure and efficient way for users to transact and interact with each other without the need for intermediaries or centralized authorities.
Benefits of Coreum Cryptocurrency
Coreum provides several benefits to its users, making it an attractive option for those interested in investing in cryptocurrencies.
Security and Privacy
One of the main benefits of Coreum is its high level of security and privacy. The platform is built on a decentralized network, meaning that transactions are validated by nodes in the network, making it nearly impossible for anyone to tamper with the system.
Low Transaction Fees
Coreum provides low transaction fees, making it a cost-effective option for users. This is particularly beneficial for those who want to make small transactions.
Fast Transactions
Coreum provides fast transaction speeds, capable of processing up to 10,000 transactions per second. This makes it an ideal option for those who want to make quick transactions.
Decentralized Platform
Coreum is a decentralized platform, meaning that it is not controlled by any central authority. This makes it a more democratic and transparent option compared to traditional centralized platforms.
Coreum Crypto price Today Live
At the time of writing this article, the price of Live Korma is currently $0.273949 USD, with a trading volume of $503,900 USD over the past 24 hours. We are updating our CORE value in USD in real time. Over the last 24 hours, Korma has decreased by 15.10%. It is currently ranked #2951 in terms of market capitalization, with no live market cap available. The circulating supply is not available, with a maximum supply of 500,000,000 CORE coins.
Coreum crypto price prediction 2023-2032
| Month | Average Price | Change |
|---|---|---|
| Jan 2023 | $0.48 | – |
| Feb 2023 | $0.28 | – |
| Mar 2023 | $0.28 | – |
| Apr 2023 | $0.60 | 116.15 % |
| May 2023 | $0.59 | 114.65 % |
| Jun 2023 | $0.60 | 117.83 % |
| Jul 2023 | $0.59 | 112.89 % |
| Aug 2023 | $0.60 | 118.87 % |
| Sep 2023 | $0.59 | 113.96 % |
| Oct 2023 | $0.58 | 112.23 % |
| Nov 2023 | $0.61 | 119.83 % |
| Dec 2023 | $0.58 | 110.08 % |
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2023 | $0.69 | $0.71 | $0.79 |
| 2024 | $1.01 | $1.05 | $1.20 |
| 2025 | $1.47 | $1.53 | $1.72 |
| 2026 | $2.18 | $2.24 | $2.56 |
| 2027 | $3.16 | $3.25 | $3.84 |
| 2028 | $4.94 | $5.10 | $5.55 |
| 2029 | $7.36 | $7.56 | $8.67 |
| 2030 | $10.61 | $10.99 | $12.74 |
| 2031 | $14.91 | $15.35 | $18.81 |
| 2032 | $20.27 | $21.04 | $25.74 |
Coreum mainnet launch date
Mainnet Launch Date: The highly anticipated launch of the Coreum blockchain took place on approximately March 24, 2023, at around 4:00 AM UTC.
How to Buy Coreum Cryptocurrency Step by Steps
If you’re interested in buying Coreum cryptocurrency, here’s a simple guide to follow:
- Create an account: Sign up for a reputable cryptocurrency exchange that supports Coreum trading. You’ll need to provide some personal details and verify your identity.
- Add funds: Once your account is set up, you’ll need to add funds to your account. You can do this using a bank transfer, credit/debit card, or other accepted payment methods.
- Buy Coreum: Look for Coreum on the exchange and place a buy order for the amount you want to purchase. You can use other cryptocurrencies or fiat currencies to buy Coreum.
- Withdraw your Coreum: After purchasing Coreum, you can withdraw it to your personal Coreum wallet or keep it on the exchange if you plan to trade it.
Remember to do your own research and understand the risks involved before investing in any cryptocurrency. Also, make sure to follow all the relevant laws and regulations in your area.
Where to Buy Coreum (Core) Cryptocurrency
If you’re looking to buy Coreum (Core) cryptocurrency, here are the basic steps to follow:
- Find a cryptocurrency exchange that supports Coreum trading: Start by looking for a reputable exchange that allows you to trade Coreum. Some popular exchanges that support Coreum include Binance, Bitfinex, and Huobi.
- Set up an account: Once you have selected an exchange, create an account by providing your personal information and verifying your identity.
- Add funds to your account: You can add funds to your exchange account using a bank transfer, credit/debit card, or other accepted payment methods.
- Purchase Coreum: Look for Coreum on the exchange and place a buy order for the amount of Coreum you want to buy. You can purchase Coreum using other cryptocurrencies or fiat currencies.
- Withdraw your Coreum: After buying Coreum, withdraw it to your personal Coreum wallet or keep it on the exchange if you plan to trade it.
Remember to do your own research and carefully assess the risks involved before investing in any cryptocurrency. Also, make sure to follow all relevant laws and regulations in your jurisdiction.
The Future of Coreum Cryptocurrency
Coreum is a relatively new cryptocurrency launched in 2018. However, it has already gained significant benefits and its value is continuously increasing. The platform has a clear roadmap for the future, and its developers are constantly working to improve its features and capabilities.
Partnerships and Integration: Coreum has already partnered with several companies and organizations to help promote the platform and increase its adoption. For example, Coreum has partnered with TNS, a major telecommunications company, to develop blockchain-based solutions for mobile payments.
Development Roadmap: Coreum has a clear development roadmap that outlines its plans for the future. The platform’s goals for the coming years include implementing several major features:
Better Scalability: Coreum is working to improve its transaction processing speed to handle even more transactions per second.
Integration with other Blockchain Networks: Coreum aims to be interoperable with other blockchain networks, allowing users to transfer funds across different networks seamlessly.
DeFi Integration: Coreum is also working to integrate with Decentralized Finance (DeFi) applications to provide users with even more financial opportunities.
Overall, Coreum’s future looks bright as it continues to grow and expand its capabilities through partnerships and development efforts.
Conclusion
Coreum cryptocurrency is a rapidly developing platform that offers users various benefits and conveniences. With its fast transaction speed, low fees, and high level of security, Coreum is a reliable and cost-effective option for those who want to invest in cryptocurrency. The platform’s clear roadmap for the future, as well as its partnerships with other companies and organizations, indicate that Coreum’s future is bright. As blockchain technology continues to evolve, Coreum is well-positioned to become a major player in the world of cryptocurrency.
Coreum (Core) cryptocurrency FAQ
Here are some frequently asked questions about Coreum (Core) cryptocurrency:
What is Coreum (Core) cryptocurrency?
Coreum (Core) is a decentralized blockchain platform designed to enable developers to build and deploy smart contracts and decentralized applications (dApps). Coreum (Core) is the native currency of the Coreum network and is used as a means of payment for transaction fees and value storage.
How is Coreum different from other cryptocurrencies?
Coreum (Core) is unique in that its aim is to provide developers with a platform to easily create and deploy dApps and smart contracts. It is also designed to be highly scalable, with the ability to handle high volumes of transactions per second.
How do I buy Coreum (Core) cryptocurrency?
To buy Coreum (Core) cryptocurrency, you need to find a cryptocurrency exchange that supports Coreum trading. Some popular exchanges that support Coreum include Binance, Bitfinex, and Huobi. Once you have signed up for an account with one of these exchanges, you can add funds and buy Coreum (Core).
How do I store my Coreum (Core) cryptocurrency?
After buying Coreum (Core), you will need a wallet to store it. There are many wallets available that support Coreum, including hardware wallets like Ledger and Trezor, and software wallets like MyEtherWallet and MetaMask. It is important to do your research and choose a wallet that is reputable and secure.
