What is Casper Network? Information about Casper Network and CSPR token

• Overview of Casper Network
• What is Casper Network?
• Basic Features of Casper Network
• An application example of Casper Network
• Staking on Casper Network
• Casper Network project developer and investor
• Casper Network Development Roadmap
• CSPR token overview
• What is CSPR token?
• Information about CSPR token token
• CSPR token allocation
• Where can CSPR tokens be bought and sold?
• The future of Casper Network and should I invest in CSPR tokens?
• summary

Overview of Casper Network

What is Casper Network?

Casper Network is a complete blockchain platform that uses the Proof-of-Stake (PoS) consensus algorithm and supports the WebAssembly (WASM) programming language. This platform has scalability, security and high throughput, helping developers and businesses build decentralized financial products and applications with ease.

Besides, Casper Network has another consensus protocol called Highway. This protocol is built on top of Casper research exactly according to each CBC architecture and has a number of advantages over classical Byzantine Fault Tolerant (BFT) consensus protocols, namely:

First, Highway allows networks to achieve a higher absolute threshold of completed blocks than other consensus protocols. That is, the number of blocks created and completed, as well as the validator who agrees to add those blocks to the blockchain. 

Second, the protocol achieves high flexibility by expressing the block's ability to process transactions in ways that are not possible in BFT models.

In addition, the Casper network is optimized for businesses and developers to easily access and take advantage of blockchain technology to develop their products. To meet the needs of a wide range of audiences, Casper is always looking for ways to accelerate business through unique features such as predictable network fees, upgradeable contracts, on-chain governance, compute flexibility of privacy and developer-friendly language.

Basic Features of Casper Network

The outstanding feature of the Casper network is reflected in its core features and technology. With the power of technology available, Casper allows developers and businesses to take full advantage of the benefits that blockchain technology brings. 

First, Casper allows developers to directly upgrade smart contracts on-chain. At the same time, the network also simplifies complex migration processes and makes it easier for developers to fix smart contract vulnerabilities. 

Second, Casper's development ecosystem is designed to be compatible with the WebAssembly programming language, rather than other languages ​​like Solidity. This simplifies the development path for businesses and developers who want to build applications and products on the Casper Network.

Third, Casper provides a few other essential features such as allowing recovery of lost keys for user accounts, sharing of secure state between accounts and contracts without paying for a test fee. expensive ciphers. 

Finally, Casper can eliminate price volatility and improve the developer and enterprise experience by establishing transparent, consistent, and predictable gas fees. This feature will help drive more people to actively join and use the network. 

In addition, Casper also has some other outstanding features as follows:

Casper Proof of Stake CBC : Casper is built on top of CBC specifications – a structure designed by Ethereum developers . With two features, Finality and Flexibility, Casper has high security and the ability to customize block times based on network conditions.

Optimized for Business : Businesses can choose to build apps that are private or need permission on the network.

Scalability : Casper Network's Proof of Stake consensus mechanism allows for sharding to scale the database. This makes transaction processing faster to meet the needs of the business.

Other Features : Upgradable contracts, predictable gas fees and WebAssembly support ensure developers, businesses with no blockchain or crypto experience can join the network grid quickly.

As mentioned, Casper solves the dilemma of security, decentralization, and scalability. Using the Proof-of-Stake (PoS) consensus mechanism, Casper will rely on a set of validators to maintain the network.

PoS validators require no hardware setup like a Proof-of-Work (PoW) network but allow validators to be decentralized and remove the pressure of centralization in terms of economies of scale. PoS is also compatible with scalable technologies such as sharding – an upcoming feature to allow the network to process multiple transactions at once and improve overall throughput. 

An application example of Casper Network

IPWE is a global patent registry currently built on the Casper Network. IPWE has partnered with CasperLabs to build a “Chain of Custody” (CoC) solution for public patent filings. The CoC solution will use the Casper public blockchain to store, secure, and track patent data.

Casper's technology helped IPWE build the world's first global patent marketplace. IPWE has successfully aggregated the entire world's patent ecosystem on a single platform. The IPWE platform enables traditional patent transactions (licenses, mergers and acquisitions) and empowers new types of transactions such as reporting, finance and insurance.

IPWE has an advantage when it comes to developing an intellectual property (IP) platform. IP is the biggest and most important asset on most companies' balance sheets. Today's CTOs and CFOs are more concerned with how IP is tracked, managed, and deployed. 

This requires a reliable solution that empowers CTOs and CFOs to understand and manage this important asset. Therefore CoC solution was created to meet this need.

CasperLabs and IPWE will roll out a CoC solution, allowing government organizations and some of the largest businesses in the world to better manage and use their IP. To achieve this, CasperLabs and IPWE will enhance transparency, insights. At the same time, they also provide solutions to improve financial returns and reduce costs for businesses.

The CoC solution will be developed in two phases:

Stage 1 : High-value patents and information will be filtered and migrated to the Casper public blockchain. Casper's solution enables the encryption of such patent data and is only available to the parties holding the encryption key. Although all data is encrypted by default, an author can choose to exclude certain fields from the encryption so that the patents can be viewed by anyone.

Phase 2 : Integrating IPWE's infrastructure to build a global patent registry (GPR) on the Casper blockchain. This agency will support a group of audiences such as: Patent holders, national patent offices and verifiers. GPR will bring the existing patent grant, publication, ownership, transfer, and commitment process to the Casper blockchain and use smart contracts to manage these processes.

Staking on Casper Network

Another feature of the Proof-of-Stake consensus mechanism is that token holders can actively participate in the network through staking. Holders of their private key can choose to stake tokens with any validator in the Casper network. 

Before staking on Casper Network, investors need to know the following: 

Slashing : This is a node that launches software provided by the Casper Association. In the future, this node will take on tasks including locking the validator's staked assets for an extended period of time, penalizing validators if errors are discovered. Notably, Casper will not consider validator stake any different from delegator stake for security reasons.

Delegation Rate : Validators will determine a commission fee they receive from providing staking services. This commission is expressed as a percentage of the reward that the node operator retains for their services. 

Rewards : Validators receive rewards for participating in the consensus by voting on mature blocks and there will be no exact reward for each block. The reward is proportional to the number of staked assets at the same time. If validators are offline or unable to vote for multiple blocks, the rewards earned are also reduced. Authorizers can only receive an equal amount of validator's reward minus their commission fee.

Check in on stake : Validators must win a staking auction by competing with potential validators for a validator position on the network. This process will be permissionless, validators can enter and leave the auction at any time, except for the unlinked waiting period.

Casper Network project developer and investor

Development team

The members of Casper Network's development team mostly come from famous technology companies such as Adobe, Microsoft, Amazon... Here are the key members of the project:

Mrinal Manohar (CEO) : He used to work at Microsoft before moving to Principal as head of TMT department. After that, Mrinal Manohar worked at Bain Capital fund for 2 years and became one of the early investors of Ethereum, Blockstack…

Medha Parlikar (CTO) : She used to be the head of product and engineering at major corporations such as Adobe, Omniture, Avalara, MP3.com and DivX.

Clifford Sarkin (COO) : Clifford Sarkin graduated with bachelor's degrees from the University of California Berkeley and Harvard Law School. He is also the former vice president of business development at DNA.Fund – a cryptocurrency investment fund.

Daniel Marfurt (CFO) : He is a financial expert and technology-oriented investment fund manager. Daniel Marfurt also served as a financial manager at Status.im – a cryptocurrency company with a market capitalization of over $100 million.

Project advisor

Most of Casper Network's advisory team are founding members of crypto market investment funds, such as: Deng Chao (CEO Hashkey Capital), Steven Chen (Co-Founder Noris Capital), James Haft (PAL Capital)…

Investors

In September 2019, CasperLabs raised US$14.5 million in a Series A round led by Terren Peizer with participation from Consensus Capital, Axiom Holdings Group and Digital Strategy, MW Partners…

By 2020, CasperLabs continues to raise US$14 million from the token sale. Notable participating investment funds are: HashKey Capital, RockTree Capital, Chain Capital, Consensus Capital, Cluster Capital, AU21 Capital, Blockchange Ventures, GSR, Stake.Fish, Sora Ventures, ZB Global, Gate.io, Wavemaker, Ropart Asset Management, Waterdrip Capital, AGE Fund, Woodstock Fund, Oasis Capital…

In addition, the project is completing other funding rounds, but the information has not been announced yet.

Partner

Some of Casper's partners include:

Gitcoin : Casper and Gitcoin held a Casper Friendly Hackathon from September 13, 2021 to October 13, 2021.

DEVxDAO : DEVxDAO drives the growth of the Casper network and the entire emerging technology sector. CasperLabs and DEVxDAO will operate independently, with DEVxDAO remaining free to provide grants to developers outside of the Casper ecosystem that will potentially drive the entire field as Web 3.0 evolves.

SJM Group : CasperLabs & SJM Group become partners to accelerate Web 3.0 adoption in UAE (United Arab Emirates).

Casper Network Development Roadmap

Casper Network's development roadmap in 2022 is still being updated. Overall, Casper's next steps will most likely focus on building an ecosystem in the areas of DeFi, NFT, and GameFi. In addition, Casper will focus on providing its products to technology companies in many regions to create better network effects. 

CSPR token overview

What is CSPR token?

CSPR is the native cryptocurrency of the Casper ecosystem and it has two basic functions as follows:

• Payment of transaction fees and maintenance of the network: CSPR is used to pay transaction fees and offset the computing power and bandwidth speed of nodes to keep the network running.
• Validator rewards: Casper rewards validators with CSPR for successfully processing “transactions” on the network, as well as approving blocks. 

Information about CSPR token token

• Ticker: CSPR
• Blockchain Network: Casper Network
• Total Supply: 10,000,000,000 CSPR
• Circulating Supply: 3,038,105,745 CSPR

CSPR token allocation

• Non-profit Casper Association: 20.3%.
• Validator Sale R1: 19.5%.
• Developer Incentives: 16%.
• Validators Sale R2: 10.2%.
• Coinlist Public Offering: 10%.
• Casper Labs Holding AG: 10%.
• Team: 8%.
• Advisors: 6%.

The CSPR token allocation schedule will be as follows:

• Option 1: 800,000,000 CSPR will be issued in 6 months, starting from March 28, 2022.
• Option 2: 400,000,000 CSPR will be issued in 6 months, from September 28, 2021.
• Option 3: 400,000,000 CSPR will be issued in 40 days, from March 28, 2021.
• Option 4: 100,000,000 CSPR will be issued in 6 months, starting from April 28, 2022.

Where can CSPR tokens be bought and sold?

Investors can buy CSPR tokens on exchanges such as Huobi Global, Gate.io, Coinlist Pro, OKEx, MEXC...

The future of Casper Network and should I invest in CSPR tokens?

Most of Casper's customers are large corporations with a reputation in the areas that Casper targets. In addition, these companies and groups also have a large number of loyal customers. 

Therefore, if Casper's technology and features have been successfully applied to each organization, a large network effect will be created. This will help Casper's name to be known by many corporations and companies.

However, Casper's ecosystem is still in its infancy. In the future, when the Hackathon ends, Casper will have strategies to promote its ecosystem. 

Because it is a relatively new ecosystem and in the development stage, investors need to consider and evaluate each stage to have the best overview of Casper Network's operations before making a decision. decide to invest in yourself.

Some official information channels of the project that investors can follow are:

Website | Twitter | Telegram | Discord | Github 

summary

Casper Network has a macro vision when the target audience of the project is large enterprises and corporations. Therefore, in order to realize this great goal, Casper Network needs to continuously develop, innovate or improve technology and features to meet the growing needs of users in general and businesses in general. private. 

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