- Partnership aims to empower developers.
- At the time of writing, Core uses 40% of bitcoin’s hash power.
Decentralized cryptocurrency exchange (DEX) SushiSwap has announced integration with the Core blockchain protocol, reports Cointelegraph.
The collaboration is expected to allow developers of decentralized applications built on the protocol to access SushiSwap’s liquidity pools, crosschain swaps and decentralized exchange (DEX) aggregator.
The liquidity of SushiSwap is expected to benefit the Core ecosystem as well as improve the functionality of other DeFi protocols such as ArcherSwap, IceCreamSwap and OpenEx.
In comments to Cointelegraph, a Core spokesperson told Cointelegraph that the blockchain integrates proof-of-work and proof-of-stake mechanisms to help ensure privacy, scalability and security of the protocol.
“This approach leverages existing bitcoin infrastructure for security and decentralization by delegating hash power. Right now, 40% of bitcoin’s hash power is used by Core. The protocol is also compatible with EVMs, enabling use cases that were previously unattainable,” the Core spokesperson added.
Remember, in April, the SushiSwap exchange lost more than $3.3 million in an exploit.