Casper ( CSPR ) Price Live Chart

Casper (CSPR)

Casper, which went live on mainnet on March 30, 2021, is the first live proof-of-stake (PoS) blockchain based on the Casper CBC protocol. The Casper platform is intended to accelerate the global adoption of blockchain technology, smart contracts, and DApps.

Casper's future-proof architecture is intended to ensure that the platform is constantly developed in response to the increasing needs of its users and that it is as accessible to developers of various backgrounds as possible. Casper, according to the official whitepaper, is optimized for both enterprise and developer needs. Casper's objective is to usher in a new age for Web3, as the need for intuitive, integrated services continues to rise. Casper accomplishes this by addressing the adoption trilemma by providing enterprise-grade security, scalability, and decentralization all inside the same blockchain technology.

Founders

The founders of Casper (CSPR) are Mrinal Manohar and Medha Parlikar. They co-authored the Casper protocol and founded Casper Labs in 2018. Mrinal Manohar is the CEO of CasperLabs, while Medha Parlikar is the Chief Technology Officer. Casper is a blockchain network that positions itself as an advanced version of Ethereum, adopting the Proof of Stake (PoS) mechanism.

What makes it unique?

Casper makes use of blockchain technology and the proof-of-stake (PoS) consensus process in a novel way. The network is particularly adaptable in terms of use cases due to its entirely decentralized design. Casper also has a future-proof design, with upgradeable smart contracts and predictable transaction petrol prices. Casper is also setting a new bar for blockchain energy consumption, being 136,000% more energy-efficient than Bitcoin.

The network's revolutionary Correct-by-Construction (CBC) Casper standard is a standout feature. This specification enables the quick implementation of blockchain services across the company. Casper ensures scalability and database management solutions by depending on PoS consensus. Casper and the CSPR coin are the culmination of CasperLabs' years of study.

CasperLabs also exists to provide enterprise-level services and support for Casper Network-based organizations, similar to how Red Hat supports organizations built inside the Linux ecosystem. CasperLabs is uniquely positioned to elevate Casper as the de facto blockchain for the growing number of enterprise organizations that want to build in Web3 environments but require more dedicated levels of support than open-source, decentralized projects can provide, thanks to the team's unique experience running services at enterprise software organizations like Adobe, Avalara, and Google.

Network security

For network security, the Casper Network employs a PoS consensus process. PoS relies on token staking to choose node validators, making the consensus incredibly versatile and scalable. Unlike the Bitcoin blockchain's proof-of-work (PoW) consensus, PoS does not necessitate massive amounts of electrical or computational resources to execute validations and add new blocks to the chain.

Casper also makes use of the Correct-by-Construction (CBC) Casper specification, which takes a more advanced approach to Byzantine Fault Tolerance (BFT) applications. Casper's enterprise-grade architecture has undergone many security audits, the most recent of which was conducted in January 2021 by Trail of Bits, which identified no high-severity outcomes and concluded that Casper "showed proper use of security hygiene."

Future developments

Casper Labs, a prominent enterprise blockchain software company and contributor to the Casper network, has recently entered into a direct agreement with The INX Digital Company, Inc. (INX), a regulated US broker-dealer and Alternative Trading System (ATS). The collaboration aims to tokenize and list Casper Labs' equity shares on the secondary market, with the scheduled trading date set for September 2023. This milestone not only holds significance for Casper Labs but also opens up new opportunities for privately held companies to expand their investor base.

It's important to clarify that the tokenization of Casper Labs' equity shares on INX is separate from the native token of the public Casper blockchain network, which is called CSPR. The equity shares will be tokenized, but they are distinct from CSPR tokens and have no connection or correlation with the Casper Network's native token.