The Casper Network is a Layer-1 blockchain solution that overcame the Layer-1 Trilemma. Check out our “What Is Casper Network?” guide to learn more. Covered: What Is Casper Network? Features of Casper Network Partners & Team Tokenomics What Is Casper Network? Existing Layer-1 blockchain solutions struggle to accommodate global enterprise adoption without making substantial concessions […] The post What Is Casper Network? appeared first on CryptosRus.

What Is Casper Network?

The Casper Network is a Layer-1 blockchain solution that overcame the Layer-1 Trilemma. Check out our “What Is Casper Network?” guide to learn more.

Covered:

  • What Is Casper Network?
  • Features of Casper Network
  • Partners & Team
  • Tokenomics

What Is Casper Network?

Existing Layer-1 blockchain solutions struggle to accommodate global enterprise adoption without making substantial concessions in security, scalability, or speed. However, the Casper Network claimed to have overcome this trilemma. Therefore, this Proof-of-Stake Layer-1 blockchain aims to promote the global use of blockchain technology, smart contracts, and decentralized applications (dApps) without sacrificing security, scalability, and speed.

Furthermore, the Casper Network has extended Vlad Zamfir’s research on the correct-by-construction (CBC) Casper family of protocols, a leading-edge framework on safety. This resulted in the Highway protocol’s new approach, giving the blockchain a flexible finality. Additionally, Casper is leveraging popular developer tools and multiple programming languages, making it more accessible for widespread usage. For example, developers familiar with Solidity, a programming language for Ethereum smart contracts, can easily use a Solidity compiler and migrate to Casper. This makes Casper easily upgradable and has lower obstacles of accessibility for developers.

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Features of Casper Network

The Casper Network has some exciting features on the Casper blockchain to achieve security, scalability, and speed as promised. 

  • Upgradeable Smart Contracts: The smart contracts deployed on the Casper blockchain are easily upgradable, allowing enterprises to create resilient and scalable blockchain-based products and services.
  • Developer-Friendly: Instead of learning a new programming language, developers can use Rust and WebAssembluu (WASM), popular programming languages, to work with Casper. As mentioned, codes on Solidity can easily be migrated to Casper through the Solidity compiler.
  • Lower Gas Fees: Casper’s gas fees are a lot lower when compared to other rival Layer-1 blockchain solutions. Furthermore, the team at CasperLabs is working towards a predictive gas fee where enterprises can reserve gas ahead of time at a predetermined price.
  • Weighted Keys: Casper has a weighted keys feature where tiered system access rights make it easy for bigger teams to work collaboratively while ensuring security.

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Partners & Team

Casper has some great partnerships: 

  • DEVxDAO partnership to collaborate with the Emerging Technology Association (ETA), a Swiss association, to prospective onboard developers, researchers, and scientists looking for decentralized infrastructure project funding.
  • BitGo has already completed the integration of CSPR, providing institutional-grade digital assets custody.
  • Amazon Web Services (AWS) collaboration gives developers and organizations building on the Casper Network to deploy node infrastructures directly and design private networks for product testing from AWS.

CasperLabs is led by CEO Mrinal Manohar, an experienced technology and finance leader with previous Microsoft and Bain Capital roles. Medha Paralikar is the CTO with decades of experience in delivering product software at Adobe and Avalara. We also have Cliff Sarkin, COO, and Daniel Marfurt, CFO, both experienced in their field and have worked with well-known companies.

Tokenomics

The native token of the Casper Network is CSPR. The token is mainly used to pay network fees on the Casper Network. Holders can also participate in their staking protocol to help maintain the network while getting rewarded. The max supply is 10,545,587,463.

Distributed as follows:

  • 20.3% Non-profit Casper Association
  • 19.5% Validator Sale R1
  • 15% Developer Incentives
  • 10.2% Validator Sale R2
  • 10% Casper Labs Holding AG
  • 10% Coinlist Public Offering
  • 8% Team
  • 6% Advisors

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Concerns:

The solution that the Casper Network brings to the table is innovative and effective but lacks in marketing and visibility. Many Layer-2 solutions solve the problems Casper is trying to solve without businesses migrating their existing projects from Ethereum. Some of these solutions have already been adopted by popular projects and are more well-known than Casper. With such steep competition, it will take a big event or project to adopt Casper to increase its visibility.

Where To Buy CSPR?

You can purchase CSPR through Gate.io exchange, similar to buying another cryptocurrency. You can either place a market buy or a limit buy. With a limit buy, you determine the price you are willing to pay, and your order gets filled once the token price reaches your limit price. If you want to get your hands on the token quickly, you can place a market order, where you agree to pay the current price and have your order filled almost immediately. If you are interested in purchasing CSPR, you can visit Gate.io.

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