Casper

What is Casper?

The Casper Token or CSPR is the native token that powers the Casper blockchain. The latter is an open-source blockchain based on the Casper CBC specification.

CSPR has more than one use case. It mainly serves as a bet reward used to incentivize validators to ensure network security. Additionally, Casper tokens are required to cover transaction fees. CSPR also serves governance token.

There are a total of 10,000,000,000 Casper tokens available. This could mean that as CSPR becomes more scarce, the price of Casper will rise.

Since CSPR is a cryptocurrency, its price tends to fluctuate. To make an informed buying decision, you can take a closer look at Casper’s price history or the current CSPR price in the chart above.

What are the main features of Casper?

Casper is a scalable blockchain network that available on both mainnet and testnet.

It is considered developer-friendly due to its support for web assembly. This means that any developer can get started with Casper without having to learn a new programming language like Solidity from scratch.

The basic requirements for using Casper are knowledge of a Unix-based OS, creation of system service scripts and bash.

CasperLabs, the parent company of the Casper blockchain, describes Casper as a blockchain. created specifically for corporate implementation. This means that it aims to benefit businesses by providing the infrastructure needed to enter the world of blockchain.

Small businesses and large enterprises are provided with a set of tools needed to create their own blockchain-based applications. Most importantly, they can choose whether they want to build allowed or without permission application running on private or public blockchain.

Moreover, these companies have the freedom to update their applications at any time without having to deal with complex migration processes. CasperLabs calls this function “for the future” this ensures that the blockchain will evolve over time. Casper also provides its users with their own block conductors which help in network analysis.

Some of the projects built on Casper include IPwe, Metis and ACDX.

In addition to providing the Casper blockchain, CasperLabs also offers support to companies that use or want to use Casper to develop their projects.

CasperLabs signed partnership with DEVxDAO. This means that blockchain startups seeking funding can apply for DEVxDAO grants.

Casper is protected by a Proof-of-Stake (PoS) consensus mechanism. In other words, the blockchain relies on validators to secure the network by staking their tokens. The CSPR token is the core element of the Casper blockchain and is used to incentivize validators.

Another advantage of the PoS consensus mechanism is its significantly lower computing power compared to other consensus mechanisms such as Proof-of-Work (PoW) that are used by leading blockchains such as Bitcoin And Ethereum 1.0.

As discussed in the What is Casper section, the blockchain is built based on the CBC specifications. CBC stands for Correct-By-Construction, which is a consensus protocol in which nodes have the same proof of asynchronous work. CBC uses an updated Byzantine fault tolerance approach.

Don’t forget to check the CSPR price in the chart above if you are planning to purchase this token.

Who developed Casper?

The Casper cryptocurrency project was launched by CasperLabs, a Swiss blockchain platform, at the end of 2018. Its co-founders are Medha Parlikar, Mrinal ManoharAnd Jack Mills. Both Medha Parlikar and Mrinal Manohar remain involved in the project, holding the positions of CTO and CEO respectively.

Medha Parlikar has been working in the computer industry since the early 80s. She started her first job as a software engineer at Compass Learning and worked her way up to positions such as Senior Manager at Adobe Systems, Director at Temboo, Senior Director at Avalara, and Blockchain Program Manager at Pyrofex.

Mrinal Manohar successfully completed his studies at Carnegie Mellon University and received a master’s degree. He has been active in the crypto space since 2012, investing in major blockchain-based projects such as Ethereum, Filecoin, Basis, Blockstack and Maker. Prior to CasperLabs, Mrinal worked at Oracle, Microsoft, FBI, Bain & Company, Bain Capital and Sagard Holdings.

The project is managed by the company Casper Association is a non-profit organization whose primary responsibility is to empower enterprises to adopt blockchain technologies, in particular through the use of the Casper blockchain and its entire ecosystem.

Casper has established partnerships with such well-known companies as HashKey Capital, BroadLeaf, SparkLabs, Diode Capital and many others.