Presenting Casper Network – an optimized blockchain for business and developers
Introduction to Casper described by CasperLabs as a “blockchain of the future”
Casper network -This is the first chain of blocks operating on the Proof-OF-Stake consensus mechanism, developed on the basis of CBC specifications partially created by Ethereum developers. The original CBC specification opens up opportunities for creating a new economy and allows you to tocenize almost any asset.
The purpose of the project is to speed up the integration of blockchain technology into business processes of companies around the world. Users will receive a quick, scalable and productive platform for interacting with business, and developers will be able to develop effective decentralized applications based on Casper.
History of Casper Fundraing
In September 2019 CasperLabs I conducted a closed round of CSPR tokens, which was attended by well-known companies and hedge funds of crypto industry: Consensus Capital, Axiom Capital, MW Partners and others. During the private sale of CasperLabs tokens, it attracted $ 14.5 million.
Then, at the end of 2020 – early 2021, CasperLabs held two more closed points of sales, collecting $ 14 million and $ 8 million, respectively. Among investors are companies such as Gate.Io, ZB.Com, Cluster Capital, AU21 Capital, Age Fund, Oasis Capital and many others.
The purpose of the sales round was to raise funds for the development of the main casper network, the launch of which was scheduled for March 31, 2021 at 15:00 UTC, and was accompanied by a public sale of tokens on Coinlist exchange , In which any user who passed KYC could participate, with the exception of US residents in accordance with the provisions of federal legislation on securities. Read more about CSPR and the sale of tokens in the section on Casper Network tokensomics.
According to the roadmap, Casperlabs successfully completed two private sales of tokens, launched and tested a test network and completed a security audit conducted by Trail of Bits, a security pioneer for companies and software products.
Currently, the Casper Network team is focused on the public sale of CSPR tokens and the launch of Junet, the success of which will determine the course of further work. As soon as the main network becomes stable, companies and developers will be able to fully use its functionality.
Let’s try to figure out what Casper does so special. We have already talked about the original CBC-Casper (specification of Casper Correct-by-Construction), which underlies the blockchain of the platform. This specification ensures the flexibility of Casper consensus protocols, which allows you to adjust the time to block tokens depending on the state of the network and guarantees the irreversibility of processes. CBC-Casper makes blockchain processes determined, rather than probabilistic.
Casper is focused on the needs of companies
Companies can create their own blockchain applications and choose between publicly available and private blockchains. They determine how to manage the confidentiality of applications and establish permits to use them without prejudice to security and performance.
For the future
The CasperLabs team has developed a new concept of “protection from the future”, which is based on the flexibility of the Casper Network blockchain to adapt to the changing needs of business and developers. Casper is based on updated smart contracts, which will in the future improve applications based on individual preferences of developers. And the predictable network charge (gas) provides stable operation of the network even at high load.
For developers with little experience in the crypto industry, Casper provides Webassembly tools to speed up the development of Web 3 applications.0.
Scalability based on segmentation
Charding is a new concept that the developers of blockchains adhere to when creating scalable decentralized platforms. This technology is introduced into the next generation blockchains, such as ETH 2.0 and free ton.
Developers can already create productive blockchain applications based on smart contracts. The Casper team provides the developers with the necessary Documentation For a light start.
About the Kasper team
A team of researchers and entrepreneurs who seek to create a flexible and functional solution based on blockchain and WEB 3 principles is working on the project.0 so that decentralized applications can be adapted to changing market conditions.
MINAL MANOHAR – CEO CASPERLABS, who previously worked in large companies as Microsoft, Bain and Bain Capital. Minal Manohar controlled a hedge fund for $ 1 billion and is one of the first investors in Ethereum.
Medha Parlikar, Technical Director, is a leader in the development of products with many years of experience in Adobe, Omniture, MP3.com and other companies.
Cliff Sarkin, chief operating director, is a former vice president of business development in DNA.Fund, one of the leading crypto funds. He has two scientific degrees: the degree of bachelor of the University of California and the degree of Doctor of Law of the Harvard School of Law.
Daniel Marfurt, financial director – specialist with many years of experience in finance and management in the field of Fintech. Previously, Daniel headed Status.IM with market capitalization of $ 100 million.
Casper collaborates with famous blockchain projects such as Bitgo, Chainlink, Huobi Global, Metis and others.
The Casper network consists of validators that steak CSPR tokens and participate in the development of the network, receiving a reward for their contributions. CSPR is the main and main token of the Casper Network blockchain. CSPR public sales have successfully passed from March 23 to 28 on Cryptobirge Coinlist .
For investors, Coinlist initially offered three options for buying tokens, depending on the date and the amount of investment. Small private investors had the opportunity to purchase CSPR at the lowest price (March 23), but the blocking period for this option longer – at least 12 months after the completion of the sale. Only after this time, investors will be able to use tokens at their discretion. Full conditions for participation in the open sale of CSPR see the table below.
At the moment, the Casper team has announced ” Option 4 “” Sales of tokens. It is planned to be held in the first week of April. An additional 1% (100 million) tokens will be distributed among the community. Each successful participant will be able to purchase CSPR for $ 100 ($ 0.015 for token with a 12-month lock, followed by a 6-month vest/release).
This will allow CSPR to purchase another 15,000 community members. Tokens sale will be available only for persons who have already registered and have passed the KYC check for sale, but could not successfully participate in options 1, 2 or 3. Complete information will soon be announced by Coinlist.
Casper in action
Companies and developers create flexible and scalable applications for a variety of purposes. The Casper network consists of participants, each of whom plays a role.
Developers or authors Dapps
They create blockchain applications using the entire Casper community. Developers can provide services charged to the CSPR tokens, and tocenize their own assets.
Validators generate new blocks and ensure the security of the network by placing tokens and receiving a reward for processing all transactions in Casper. The validators form steak-pools in which tokens are blocked during the stake and some time after it, which limits the proposal.
Suppliers of wallets
Wallet suppliers are working on the development of applications for storage and execution of transactions with CSPR tokens. In the future, they will be able to develop services for users so that they can participate in stakeing and delegate their tokens to the validators.
Partners can use Casper -based solutions to launch their own protocols that increase performance.
Clients will be able to use applications created on the Casper Network blockchain and gain access to financial services, paying the commission for transactions on the network.
What companies are already using Casper Network solutions
Some companies are already using the Casper network for asset tokens. Let’s pay more close attention to one of them and find out how the company uses a blockchain for its business.
IPWE – One of the largest platforms of the world patent ecosystem for licensing and transferring intellectual property rights, which accelerated patent transactions. Together with Casper IPWE, develops COC to improve and simplify intellectual property management.
COC integration takes place in two stages:
- At the stage 1, data samples are transferred to the Casper blockchain. The data will be securely encrypted if they need companies, and only those who have closed keys can decipher them.
- At the stage, the IPWe solution will be more closely integrated with the Casper network to create a global patent registry (GPR) on the blockchain, and all the processes of checking and licensing intellectual property will be fully controlled by smart contracts.
EVERSTAKE and CASPERLABS
Everstake is one of Casper validators who participated in the first round of the sale of private Casper tokens in October 2020. After starting the main network and setting up the delegation process, Casper tokens holders and institutional investors will be able to delegate their tokens to the Evertake Validators pool. Awards can vary from 5% to 20% per annum, depending on the size of the staying pool (the exact amount of remuneration will be indicated after the launch of the main economy).
Everstake has already successfully participated in a test run as part of preparation for launching the main network on March 30.
Everstake -This is a large staying provider, controlled by an experimental team of blockchain developers, IT and financial technologies. The team is actively involved in various crypto projects and develops solutions to improve working with POS blockchains and provides a validator. Everstake works with almost all large blockchain projects using the Proof-OF-Stake: Ethereum (ETH), ChainLink (Link), Cosmos (ATOM), Tezos (XTZ), Near Protocol, Band Protocol (Band) Elrond. (EGLD) and many others.
The Everstake Developers team seeks to simplify the delegation process for tokens and provide convenient services for monitoring stakeing. Beginners will be found in EVERSTAKE blog , which will help to https://gagarin.news/ figure out how to place certain tokens in various cryptocurrencies.
Subscribe to Everstake on social networks and do not miss the news from the world of stakeing.
We previously published this material On the Everstake blog.