Core DAO in Q3 2023: Report

Summary

• Core DAO announces a brand overhaul with new logo and initiatives. 
• The Layer-1 protocol prepares for Network Upgrade 1.0.4. responding to community feedback and challenges.

• Core DAO forms a vital partnership with Halborn Security.
• The project integrates with Firehose for efficient data extraction and TokenPocket to manage their Core wallet across platforms.
• Core DAO community examines CakeCore due to vulnerabilities highlighted by IceCreamSwap. CakeCore plans to introduce a new $CAKE token.

Breaking Down the Q3, 2023 of Core DAO

In the past few years, Core DAO has emerged as a leading player in the blockchain space, driving innovation and pushing the boundaries of what is possible. Powered by the Satoshi Plus consensus mechanism, Core DAO is building a Layer1 blockchain space since its mainnet launch last January. Now that we've entered Q4, let's look at the significant developments that defined its journey during Q3. 

Exploring Core DAO's Q3 Updates

Revamping Branding and Unveiling Initiatives

Core DAO recently announced a brand overhaul on September 26. This transformation goes beyond aesthetics, as the project aims to evolve with the rapidly changing crypto landscape.

Moreover, Core DAO is gearing up to introduce exciting programs and initiatives specially crafted for its dedicated community and builders. These announcements coincide with the launch of the revamped website, setting the stage for a wave of innovation and development.

Addressing Community Concerns with Network Upgrade 1.0.4

Responding to the valuable feedback from its community, Core DAO announced a substantial network upgrade. This upgrade, Network Upgrade 1.0.4, directly addresses challenges and amendments requested by community members. 

One of the key highlights of this upgrade is the introduction of new staking enhancements, providing users with improved staking capabilities. Additionally, the upgrade incorporates the concept of split delegation, offering greater flexibility in managing assets within the ecosystem.

Further, the network upgrade includes critical fixes to mitigate Miner Extractable Value (MEV) attacks, ensuring a more secure and resilient ecosystem.

Mark your calendars for October 15, as this is when Core DAO will unleash the Network Upgrade 1.0.4, expected to roll out after block 8020000. 

Prioritizing Security: Core DAO's Strategic Partnership with Halborn Security

Core DAO formed a strategic alliance with Halborn Security, a distinguished cybersecurity firm. This collaboration highlights the importance of adopting a "security-first" approach that resonates throughout the broader blockchain industry.

Firehose and TokenPocket Integration

Core DAO's most recent enhancement centers on the seamless integration with Firehose, a feature meticulously designed for developers. This integration facilitates the swift extraction of blockchain data through Subgraphs, translating to enhanced application performance by streamlining data accessibility.

Further, Core DAO extended its reach by integrating with TokenPocket, a cryptocurrency and DeFi wallet supporting multiple blockchains. This integration aims to empower users to manage their Core wallet effortlessly across various platforms and devices, significantly enhancing overall user convenience and accessibility.

CakeCore Under Scrutiny: Addressing Community Concerns

CakeCore, a DeFi platform offering enticing features such as Airdrops and Staking, fell under the scrutiny of the Core DAO community. A series of red flags raised by users, including concerns voiced by the Decentralized Exchange (DEX) IceCreamSwap, has prompted meticulous examination. 

IceCreamSwap's alerts regarding vulnerabilities within CakeCore's smart contract set in motion a sequence of events, ultimately leading to CakeCore's plans for the introduction of a new $CAKE token.

Core DAO's journey so far appears rich with innovation, growth, and adaptability. With the rebranding and forthcoming initiatives, the project aims to meet the dynamic needs of the blockchain landscape.