#CasperNetwork (#CSPR ) is based on the CBC Casper model, the first live blockchain that Ethereum developers built to bring scalability, finality and flexibility to blockchain-based consensus protocols. CBC Casper is a Proof-of-Stake (PoS) model that is expected to be adopted by #Ethereum , and Casper Network aims to enable businesses to create blockchain-enabled products and services using this model. #BTC #ETH
Casper Network offers upgradable smart contracts and low transaction costs for use by developers and aims to create more transparent and open networks by bringing blockchain mainstream.
The CSPR token is used as Casper Network's native cryptocurrency and is used to reward validators who participate in the network's PoS consensus mechanism. Network fees are also paid with CSPR tokens.
There are currently 10,955,000 CSPR in circulation, with a total supply of 11,700.00 CSPR tokens available. Casper Network is working to make blockchain technology more useful and increase its use by businesses.
Casper Network (CSPR) was founded in 2018 as a project that aims to bring scalability, accuracy and flexibility to blockchain-based consensus protocols. The project, developed by CasperLabs, was founded by Medha Parlikar and Mrinal Manohar.
Mrinal Manohar is an entrepreneur and investor who graduated from Carnegie Mellon University. After interning at Oracle and Microsoft, he started working at the FBI on a project basis and later worked as an executive at large companies such as Bain & Company, Bain Capital and Sagard Holdings. Manohar was also an investor in a startup called Splendid Spoon in 2016. His interest in cryptocurrency projects dates back to 2010, and he is currently the chairman of the board of directors (CEO) of CasperLabs.
The other founder, Medha Parlikar, is a graduate of Western University's Department of Biology and has worked in managerial positions in many large companies. He worked as a manager in companies such as Compass Learning, Cactus, DivX, Omniture/Adobe Systems and Avalara. Parlikar serves as the chief technology officer (CTO) of CasperLabs.
There are many features that make the Casper Network project special. Through these features, Casper Network aims to enable global enterprise adoption of blockchain technology and solve the problems faced by enterprise blockchain solutions.
The first of these is that it can work without compromising security, scalability and speed thanks to the Highway protocol. This protocol makes it possible to use the blockchain on a global scale.
Casper Network also offers upgradable smart contracts. Thanks to this feature, on-chain smart contracts can be upgraded directly, eliminating the need for complex migration processes. Additionally, smart contract vulnerabilities become easier to fix.
Developer friendliness is also among the features of Casper Network. Using Rust and WebAssembly (WASM) allows developers to develop applications using mainstream programming languages. This differs from the Solidity programming language used in other blockchain projects.
Weighted keys are another feature of Casper Network. With this feature, staff interactions on the blockchain match what staff are authorized to do in the office. This provides a full access control mechanism in the blockchain.
Finally, Casper's PoS architecture enables sharding, a database scaling solution. The network optimizes performance by splitting the workload into groups of smaller, faster validator nodes, called shards, and distributing the work among them. Thus, since there is less congestion on the Casper Network network compared to many other Tier-1 projects, gas fees on the network also decrease.
Casper Network also stands out as the first live blockchain based on the CBC Casper model. This model was created by Ethereum developers to add certainty, scalability, and flexibility to blockchain-based consensus protocols (such as Proof-of-Stake).
This article is for informational purposes only and is not a recommendation for personal investment decisions.
