About Casper (CSPR)
Casper is a blockchain platform that features the first live proof-of-stake (PoS) protocol built on the Casper CBC specification. It's designed to facilitate the adoption of blockchain technology, smart contracts, and decentralized applications (DApps), with a focus on scalability, security, and developer accessibility.
In its approach, Casper reportedly blends enterprise-grade security, scalability, and decentralization within a single blockchain protocol. It aims to stand out with its upgradeable smart contracts and predictable transaction fees, addressing the adoption trilemma faced by many blockchain platforms.
Casper's network consensus and validation are driven by a PoS mechanism, relying on token staking for selecting node validators. This approach offers greater scalability and versatility compared to proof-of-work (PoW) systems. At the core of Casper's technology is the Correct-by-Construction (CBC) Casper specification, featuring an enhanced method for applying Byzantine Fault Tolerance (BFT) principles. This allows rapid blockchain service adoption across enterprises and efficient database management solutions.
Casper was co-founded by Medha Parlikar and Mrinal Manohar. Medha, serving as CTO of CasperLabs, brings a rich history in technology and software development. Mrinal contributes with his extensive experience in both technology and finance sectors.
The utility of the CSPR token lies in facilitating various transactions and operations within the Casper blockchain ecosystem, including validating transactions, executing smart contracts, and participating in network governance.
The price of CSPR is available and updated in real-time on Binance.
