Core Foundation establishes a $5 million innovation fund to advance the decentralized application ecosystem in India

ChainCatcher news, according to CoinDesk, the Core Foundation has announced the establishment of an innovation fund with a scale of $5 million to advance the decentralized application ecosystem in India on the Core Chain. The fund aims to enhance the capabilities of the Web3 community, strengthen education, and provide support for founders and builders in India.

It is reported that the Core Chain operates on a consensus mechanism called "Satoshi Plus," which combines Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS).