Is Core (CORE) Halal or Haram?
Shariah compliance review of Core (CORE) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Comfortable
Core is an innovative blockchain platform that enhances Bitcoin's capabilities through a novel consensus mechanism called Satoshi Plus, which combines Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS). By involving Bitcoin miners in validating smart contracts and rewarding them with CORE tokens, Core strengthens Bitcoin's security without impacting its core functionality or block space. <br><br>Sharlife.my Analisys: Currently, Core DAO projects do not contradict Islamic law.
Staking verdict: Comfortable
Participating in consensus mechanism which combines Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS) is available for users. However, permissibility of it is questionable, because it is a layer 1 blockchain, with various dApps running their applications on the blockchain, including DEFI, Lending and Borrowing, Gambling, etc, hence impermissible transactions might get recorder in L1 blocks, thus benefiting validators with commissions. It is better to avoid staking this protocols until we receive final fatwas from high rank scholars.
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