Casper is a blockchain platform, using Proof of Stake mechanism. Casper uses CBC (Correct-by-Construction) technology to help businesses access blockchain technology more easily. So what is Casper? What makes Casper stand out? Find out with Weakhand below in this article!
To understand more about Casper, you can read the following articles:
- What is Flow (FLOW)? Flow Cryptocurrency Overview
- What is Solana (SOL)? Solana Cryptocurrency Overview
- What is NEAR Protocol (NEAR)? Near Protocol Cryptocurrency Overview
- What is Proof Of Stake (PoS)? Advantages & Disadvantages Compared to Proof Of Work (PoW)
What is Casper?
Casper is a blockchain platform, using the first direct Proof of Stake mechanism using Casper CBC (Correct-by-Construction) technology. Casper is designed to accelerate the global adoption of blockchain technology, Smart contracts and Dapps.
With its Future Proof architecture, Casper is designed to ensure the platform is continuously developed according to evolving user needs and is maximally accessible to developers of all platforms.
Casper is optimized for enterprise and developer adoption of blockchain technology. Adopting blockchain technology, the platform seeks to accelerate business operations through strong fee predictability features, upgradeable smart contracts, on-chain management, and privacy flexibility. and developer-friendly language.
Casper has solved the trilemma of safety, decentralization, and scalability. At the same time, the network is optimized for decentralization and high throughput providing leading solutions for open projects and enterprises.
Mechanism of action
Casper highlights
- Casper CBC (Correct-by-Construction): Developers originally designed CBC Casper to bring finality and flexibility to blockchain-based consensus protocols. Finality increases security because it ensures past decisions and decisions made are decisive. Casper is also quite flexible and block times can be adjusted based on network conditions. Helps settle transactions faster and improve user trust.
- Enterprise level: The protocol is designed for enterprise adoption, with a focus on flexible privacy, low latency, and security. Casper allows businesses to choose between public, permissioned and private networks depending on their security preferences without compromising security and performance.
- Future Proof: Casper builds to withstand changing developer and business preferences. Contracts can be upgraded to ensure businesses and developers can improve the application over time. Stable Gas fees keep applications running even when network activity spikes. Web support assumed to ensure non-crypto developers can quickly participate. On-chain governance mechanisms ensure contribution-based governance and network reputation.
Development Roadmap
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Core Team
Mrinal Manohar – Co Founder & CEO
- 2006 – 2007: Mrinal Manohar studied at Carnegie Mellon University majoring in master’s degree in computer science with excellent results.
- May – August 2007: Mrinal Manohar spent 4 months as an intern at Microsoft.
- August – December 2007: Mrinal Manohar worked at the FBI as Project Manager – Student Project involved in establishing and subverting online and offline identities.
- 2008 – 2010: Mrinal Manoha worked at Bain Company.
- 2010 to present: Mrinal Manoha is a leading member of the Angel Investor fund and has invested in many projects, notably Ethereum.
- 2012 – 2017: Mrinal Manoha worked at Sagard Group as Head of Technology, Media and Telecommunications.
- September 2018 to present: Mrinal Manoha and his colleagues founded Casper Labs.
Medha Parlikar – Co Founder – CTO
- 1989 – 1991: Medha Parlikar studied biology at Western University.
- 1995 – 1997: Medha Parlikar studied at Coleman University majoring in Programming.
- 1997 – 1999: Medha Parlikar worked as a software engineer at Compass Learning.
- 2006 – 2010: Medha Parlikar worked as a senior manager at Omniture / Adobe Systems.
- 2010 – 2011: Medha Parlikar worked at Temboo, Inc. in the position of Director, Product Management.
- 2011 – 2016: Medha Parlikar worked as Director of Product & Engineering at Avalara solving difficult technology and business problems.
- 2016 – 2018: Medha Parlikar worked as Program Manager at Pyrofex Group, an open source blockchain technology corporation.
- November 2018: Medha Parlikar and her colleagues founded Casper Labs.
Ross MacKay – COO
- Ross MacKay studied at the University of Strathclyde with a first class master’s degree in Mechanical Engineering.
- 2005 – 2006: Ross MacKay worked as student enterprise director at Strathclyde University.
- 2006 – 2007: Ross MacKay was marketing director at the Scottish Enterprise Institute.
- 2008 – 2015: Ross MacKay was a strategy consultant at Accenture, the world’s largest digital experience corporation.
- 2015 – 2018: Ross MacKay worked at Dropbox as Head of Sales Strategy.
- 2019 – 2022: Ross MacKay went from the position of Chief of Staff to CEO of Soldo, then he moved to Vice President, Partnerships.
- December 2022: Ross MacKay moves to Casper Labs as CEO.
Investor
Casper Labs has now successfully raised $48.9M in capital through 12 funding rounds from 37 investors.
- September 10, 2019: Casper Labs successfully raised $14.5M Series A round from 16 investors led by Acuitas Group Holdings.
- March 1, 2020: Casper Labs successfully raised $20M Seed Round from Iron Key Capital.
- August 1, 2020: Casper Labs successfully raised $300K in Seed Round from an anonymous investor.
- October 1, 2020: Casper Labs successfully raised $100k Venture Round from an anonymous investor.
- May 15, 2021: Casper Labs successfully called for $14.1M Funding Round from 2 investors led by Evangelion Capital.
Tokenomics
Overview of Casper tokens
- Token Name: Token Casper
- Ticker: CSPR
- Blockchain: Update..
- Token classification: Update ..
- Contract: Update..
- Total Supply: 11,785,672,050
Token Allocation
- Developer Incentives: 16%
- Validator Sale R2: 10.3%
- Validator Sale R1: 19.5%
- Non – Profit Casper Association: 14.3%
- CasperLabs Hodings AG: 10%
- Team: 8%
- Advisors: 6%
- CoinList Public Offering: 16%
Token Release
Currently, the CSPR token has been completely unlocked 100%.
Token Use Case
CSPR token is used for 2 things:
- Used to pay network costs for on-chain operations.
- Used as a reward for validators participating in the platform.
Exchanges
Currently CSPR tokens are being traded on exchanges: OKX, Kucoin, Gate.io, BingX,..
Project Information Channel
Summary
Casper is leveraging common workflows, innovative developer tools, and multiple programming languages. Casper makes blockchain services easier to use, easier to upgrade, and more predictable, thereby removing barriers to mainstreaming. Above is the information about Casper that Weakhand has learned, hoping to help you get the necessary information.
