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About Casper
Key Points
- Launched on mainnet on March 30, 2021
- First live proof-of-stake (PoS) blockchain built off the Casper CBC specification
- Designed to boost the adoption of blockchain technology, smart contracts, and DApps on a global scale
- Optimized to suit both enterprise and developer needs
- 136,000% more energy-efficient than Bitcoin
- Initial circulating supply of CSPR: 400M (Public Sale on Coinlist) + 183M (liquidity to exchanges)
- Uses PoS consensus mechanism for network security
- Employs Correct-by-
About Casper Network
Introducing Casper (CSPR): A Comprehensive Overview
Launched on mainnet on March 30, 2021, Casper pioneered the first live proof-of-stake (PoS) blockchain, built upon the Casper CBC specification. The Casper platform is meticulously designed to catalyze the widespread adoption of blockchain technology, smart contracts, and decentralized applications (DApps) on a global scale.
With its forward-thinking architecture, Casper is engineered to evolve in tandem with the burgeoning needs of its users, ensuring seamless accessibility for developers from diverse backgrounds. As outlined in the official whitepaper, Casper is meticulously optimized to cater to the dual needs of enterprises and developers. Casper’s mission is to herald a new era in Web3, as the demand for intuitive, interconnected services continues to surge across the board. By resolving the adoption trilemma, Casper successfully reconciles enterprise-grade security, scalability, and decentralization within a single, unified blockchain protocol.
The Visionaries Behind Casper: Meet the Founders
Unveiling the Distinctive Characteristics of Casper
Casper pioneers a novel application of blockchain technology, harnessing the proof-of-stake (PoS) consensus method to create a truly decentralized network. This approach unlocks unparalleled versatility in terms of use cases. Furthermore, Casper’s forward-thinking design ensures seamless upgradability of smart contracts and predictable transaction fees. Notably, Casper is setting a new benchmark for environmentally friendly blockchain operations, boasting an astonishing 136,000% increase in energy efficiency compared to Bitcoin.
The pioneering Correct-by-Construction (CBC) Casper specification is a
noteworthy hallmark of the network. This specification facilitates the swift
integration of blockchain solutions across all enterprise tiers. By leveraging
the Proof-of-Stake (PoS) consensus, Casper ensures seamless scalability and
efficient database management solutions. The culmination of years of rigorous
research by CasperLabs, Casper and the CSPR token represent a groundbreaking
achievement.
Moreover, CasperLabs is dedicated to providing top-tier services and support to organizations building on the Casper Network, analogous to Red Hat’s support for organizations operating within the Linux ecosystem. Leveraging the team’s distinctive expertise in running services at prominent enterprise software companies such as Adobe, Avalara, and Google, CasperLabs is singularly positioned to establish Casper as the premier blockchain for the burgeoning number of enterprise organizations seeking to develop in Web3 environments, yet requiring more tailored levels of support than can be offered by open-source, decentralized projects.
What Is the Circulating Supply of Casper Coins (CSPR)?
The inaugural circulating supply of CSPR is allocated as follows:
- A total of 400 million CSPR tokens have been released from the freely traded tranche of Casper’s Public Sale on Coinlist.
- Approximately 183 million CSPR tokens have been allocated as liquidity to various exchanges.
- The seigniorage allocation, estimated to date, is dynamically updated in real-time as new seigniorage is issued and distributed among the aforementioned released tokens.
Furthermore, supplementary allocations of CSPR are distributed among diverse ecosystem stakeholders, comprising Validator Node operators, the Casper Foundation, the development Team and Advisors, the DAO responsible for overseeing Developer Incentives, and CasperLabs AG, as illustrated in the chart below.
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The Casper Network’s Security Mechanisms: A Robust Framework
The Casper Network leverages a proof-of-stake (PoS) consensus mechanism to ensure the security of its network. This approach relies on token staking to select node validators, thereby facilitating an extremely versatile and scalable consensus. In contrast to the proof-of-work (PoW) consensus employed by the Bitcoin blockchain, PoS eliminates the need for massive amounts of electrical or computing power to perform validations and add new blocks to the chain, thereby enhancing overall efficiency.
Casper also leverages the Correct-by-Construction (CBC) Casper specification, which incorporates a refined approach to Byzantine Fault Tolerance (BFT) applications. Notably, Casper’s enterprise-grade architecture has undergone multiple rigorous security audits, most recently with Trail of Bits in January 2021, yielding zero high-severity findings and affirming that Casper “demonstrated proper adherence to security best practices.”
Where to Acquire Casper Coins (CSPR): A Comprehensive Guide
CSPR is now accessible for trading on a burgeoning array of exchanges, boasting a diverse range of stablecoin trading pairs. Notably, Huobi Global has emerged as the most vibrant platform for CSPR trading, with additional exchanges including:
- Renowned cryptocurrency exchanges, including OKEx,
- Gate.io,
- Coinlist Pro, and
- ZB, are prominent players in the digital asset market.
Medha Parlikar, Co-Founder and Chief Technology Officer
Medha, a co-founder of CasperLabs, assumes the role of Chief Technology Officer. Her fascination with technology dates back to the early 1980s, when she would assemble computers in her basement. Over the past two decades, she has successfully delivered production-ready SaaS software solutions for prominent corporations, including Adobe, Omniture, and Avalara. Beyond her technical expertise, Medha excels at building and motivating high-performing technical teams, empowering them to develop innovative solutions that address real-world customer challenges.
Mrinal Manohar, Co-Founder and Chief Executive Officer
Mrinal boasts an illustrious career, straddling both the realms of computer programming and finance. Prior to founding Casper, Mrinal held esteemed positions, including Principal and Technology/Media/Telecom Sector Head at Sagard Capital, Private Equity Associate at Bain Capital, and Associate Consultant at Bain & Company. Notably, Mrinal has been a pioneer in the blockchain industry, having made personal investments in the sector since 2012, including seed investments in Ethereum, Blockstack, Basis, Maker, Filecoin, and several others.