Preheat oven to 350 degrees. Line 3, 8" cake pans with parchment paper. Grease and flour sides (I use baking PAM for this).
Place chocolate and water in microwave safe dish. Microwave on high in 30 second intervals, stirring after each interval, until chocolate is fully melted into water. Set aside.
Using mixer with whisk attachment, beat egg whites until stiff peaks form. About 3-4 minutes. Set aside.
Use mixer to beat together butter and sugar until light in fluffy. Add egg yolks one at a time until well incorporated. Scrape down sides of bowl after each addition as needed.
On low speed, add in vanilla extract and chocolate mixture. Once incorporated turn to high for about 30 seconds.
In medium sized bowl, whisk together flour, cornstarch, salt, and baking soda.
Alternate beating in flour mixture and buttermilk, starting and ending with flour mixture. Use spatula to scrape down sides as needed.
Once well mixed, fold in egg whites until well incorporated.
Divide among prepared pans and bake for 25-30 minutes, or until toothpick inserted into center of cake comes out clean.