Coreum Introduces Enterprise Graded Blockchains For Businesses

As part of the roadmap for the blockchain firm, Coreum, the Sologenic Development Foundation announced the update of the new layer 1’s Devnet. The company also reveals the features of distributed ledger technology, the EGB.

Coreum’s Enterprise Graded Blockchains (EGB)

The layer-1’s Devnet, when upgraded, will support calculations of gas price and WASM Smart Contracts. Also, Coreum stated that its EGB is a new generation of blockchain networks. 


Crypto Comeback Pro is the #1 cryptocurrency trading robot for investors! This trading tool has a %88 winning rate on trades and is the recommended trading software for cryptocurrency traders. Try The Trading Software For FREE Today. (Advertisement)


Additionally, the EGB will provide essential infrastructures and tools for all kinds of businesses. This will allow them to develop, incorporate and run decentralized applications.

Per ISO 20022 regulation, some essential features of EGB blockchains are scalability, efficiency, and security. Also, it has an optional KYC to meet regulators’ needs in highly regulated financial industries.

Furthermore, if a company decides not to use the KYC function during implementation, the Coreum blockchain allows complete anonymous operations.

Meanwhile, web Assembly is a critical component of Coreum’s scalability. It can support numerous programming languages and has a more comprehensive collection of tools than the famous Ethereum Virtual Machine (EVM).

Therefore, developers can construct smart contracts in any language of their choice. Some of the supported languages include C/C++, Typescript, Rust, and Kotlin.

Also, by using the benefits of compiled code, WASM can install and execute smart contracts quicker. This is while simultaneously boosting the number of transactions handled each block.

Meanwhile, the first round of Coreum grantees has been chosen. Hence, this upgrade will allow initiatives to begin developing on the blockchain. 

Scarcity of Layer-1 Protocol For The Financial Sector – Coreum Co-Creator 

The company stated that these initial funds are focused on wallet apps, DeFi protocols, and public relations requests. Hence, it expects the projects to deploy in Q1 2023 alongside the platform’s Mainnet. 

Meanwhile, Wave 2 apps will be ready soon. Therefore, all programmer documentation can be found in the Developers Hub section on the website.

Meanwhile, it is vital to highlight that Coreum has not conducted any token sales. Also, the platform intends to be completely community-driven. 


Crypto Comeback Pro is the #1 cryptocurrency trading robot for investors! This trading tool has a %88 winning rate on trades and is the recommended trading software for cryptocurrency traders. Try The Trading Software For FREE Today. (Advertisement)


However, SOLO holders will get CORE tokens airdrop monthly. 30% of the entire supply will be donated to the CORE society in the future.

Robert Ras, the co-founder of Coreum, stated that traditional banking industries have not utilized blockchain tech on a broad scale currently. According to Ras, there is a scarcity of layer-1 blockchain algorithms that specifically address and resolve regulatory problems in the financial sector.

Also, most layer-1 protocols do not offer rapid, safe, scalable, and cost-effective operations. The co-creator noted that the first blockchain to address these issues could change the game entirely.


Chip Timing Global is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site is paid content that is not written by our authors and the views expressed do not reflect the views of this website. Any disputes you may have with brands or companies mentioned in our content will need to be taken care of directly with the specific brands and companies. The responsibility of our readers who may click links in our content and ultimately sign up for that product or service is their own. Cryptocurrencies, NFTs and Crypto Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.


Leave a Reply

Your email address will not be published. Required fields are marked *

Chip Timing Global 2021 | All Rights Reserved | ✉ Contact | Disclaimer