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Casper Network
About Casper Network
The Casper Network is a proof-of-stake blockchain tailored for enterprises, featuring the Highway Protocol for secure consensus, enabling high transaction throughput, minimal fees, and reduced forking risk. It's suitable for dApps and smart contracts, offering a scalable and interoperable environment with fast finality for transactions. Founded in 2018 by Casper Labs with Mrinal Manohar as CEO and Medha Parlikar as CTO, it provides a cost-effective and efficient blockchain solution for developers and businesses, positioning itself as an alternative to pricier, less scalable platforms.
Casper Network is a Layer 1 blockchain platform designed to facilitate the adoption of blockchain technology by enterprises and developers. It operates on a Proof-of-Stake (PoS) consensus mechanism and is built upon the Correct-by-Construction (CBC) Casper specification, aiming to provide a scalable, secure, and decentralized infrastructure.
The network emphasizes upgradable smart contracts, low and predictable transaction fees, and developer-friendly features. Casper supports WebAssembly (WASM), enabling developers to write smart contracts in familiar languages, thereby reducing the learning curve and encouraging broader participation.
The native token of the Casper Network, CSPR, serves several key functions within the ecosystem:
- Transaction Fees: CSPR is used to pay for transaction processing and smart contract execution on the network.
- Staking: Token holders can stake CSPR to participate in the network's PoS consensus mechanism, contributing to network security and earning rewards in return.
- Governance: CSPR holders have the ability to participate in on-chain governance decisions, influencing the future development and direction of the network.