Question 1

What is Coreum (COREUM)?

Accepted Answer

Coreum is an enterprise-grade blockchain platform designed to address the crucial requirements of scalability, security, and interoperability for large enterprises. It incorporates intelligent Smart Tokens with built-in smart contract functionalities, making it highly suitable not just for large businesses but for entities of any size. The platform emphasizes its capacity to handle complex transactions through Smart Tokens, enabling seamless operations such as managing ownership, access, and minting in a highly customizable and reliable manner. Coreum's infrastructure supports cross-chain transactions using the Inter-Blockchain Communication (IBC) protocol and a native bridge to the XRP Ledger, facilitating the swift movement of smart assets across multiple chains​​.

Question 2

What is Coreum (COREUM) used for?

Accepted Answer

Coreum's use cases span various sectors, including tokenized real-world assets (RWA), ISO20022 messaging for cross-border financial communications, neobanking, soulbound credentials, gaming economies, and the creation and management of central bank digital currencies (CBDCs) and stablecoins. Its compatibility with the ISO20022 messaging standard from the protocol level allows for experimentation with cross-border financial messaging in a test environment. The platform's versatility is further enhanced by its ability to process up to 7,000 transactions per second (TPS) while maintaining decentralization through a bonded proof of stake (BPoS) consensus mechanism, ensuring instant finality in transactions​.

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