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Casper (CSPR) Things You Need To Know before Investing

What Is Casper (CSPR)?

Casper, the first live proof-of-stake (PoS) blockchain based on the Cspr CBC protocol, was introduced on the mainnet on March 30, 2021. The Cspr platform aims to accelerate the global adoption of DApps, smart contracts, and blockchain technology.

With its future-proof architecture, Casper is built to guarantee that the platform is continuously improved in accordance with the changing needs of its users and that developers from all backgrounds have the greatest possible access to it.

According to the official whitepaper, Cspr is optimised to meet the demands of both developers and businesses. As the need for intuitive, linked services keeps expanding, Cspr’s goal is to usher in a new age for Web 3. By providing enterprise-grade security, scalability, and decentralisation within a single blockchain protocol, Casper overcomes the adoption trilemma.

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Who Are the Founders of Casper?

Medha Parlikar, Co-Founder and CTO

CasperLabs counts Medha as one of its co-founders and CTO. In the early 1980s, she began working in technology and began creating computers in her basement. She has since spent the last 20 years supplying production SaaS software to well-known companies including Adobe, Omniture, and Avalara.

Along with her technical expertise, Medha’s strengths lie in her ability to lead highly effective technical teams and motivate them to provide solutions that address client challenges.

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Mrinal Manohar, Co-Founder and CEO

Mrinal has a long history in the fields of finance and computer programming. Prior to starting Casper, Mrinal had positions at Sagard Capital as a Principal and Sector Head for Technology, Media, and Telecommunications, Bain Capital as a Private Equity Associate, and Bain & Company as an Associate Consultant.

Along with his contributions as a professional to the blockchain business, Mrinal has also been personally investing in it since 2012 as a seed investor in Ethereum, Blockstack, Basis, Maker, Filecoin, and other projects.

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What Makes Casper Unique?

Casper is a special use of proof-of-stake (PoS) consensus and blockchain technology. The network is quite flexible in terms of use cases due to its wholly decentralised approach. The design of Cspr is also said to be future-proof, with smart contracts that can be upgraded and transaction gas fees that are known in advance. In addition, Cspr is 136,000% more energy-efficient than Bitcoin and is establishing a new benchmark for blockchain energy consumption.

A noteworthy aspect of the network is the novel Correct-by-Construction (CBC) Casper specification. With the help of this specification, blockchain services can be quickly adopted at all levels of businesses. Cspr ensures scalability and database management solutions by relying on the PoS consensus. Years of research by CasperLabs led to the creation of Casper and the CSPR coin.

Additionally, CsprLabs was created to offer enterprise-level services and support for businesses based on the Cspr Network, much like Red Hat does for businesses based on the Linux environment. CasperLabs is ideally situated to elevate Cspr as the de facto blockchain for the growing number of enterprise organisations that want to build in Web3 environments but require more dedicated levels of support than are possible from open-source, decentralised projects thanks to the team’s unique experience running services at enterprise software organisations like Adobe, Avalara, and Google.

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How Many Casper Coins (CSPR) Are There in Circulation?

The initial circulating supply of CSPR breaks down as follows:

  • 400M CSPR released from the freely traded tranche of Casper’s Public Sale on Coinlist.
  • Approximately 183M CSPR provided as liquidity to exchanges
  • The portion of seigniorage estimated to be allocated to the released tokens above to date. This number updates in real time as seigniorage is issued.

Additional tranches of CSPR are held by various ecosystem participants, including Validator Node operators, the Cspr Foundation, the Team and Advisors, the DAO in charge of Developer Incentives and CasperLabs AG, as shown in the chart below.

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How Is the Casper Network Secured?

For network security, the Casper Network uses a PoS consensus process. PoS relies on token staking to choose node validators, allowing for a highly flexible and scalable consensus. PoS does not need a lot of electrical or computational capacity to carry out validations and add new blocks to the chain, in contrast to the proof-of-work (PoW) consensus utilised by the Bitcoin blockchain.

The Correct-by-Construction (CBC) Cspr specification, which uses an improved method for Byzantine Fault Tolerance (BFT) applications, is another Cspr feature. The most recent security audit of Casper’s enterprise-grade architecture, Trail of Bits in January 2021, discovered no issues of high severity and verified that Casper “showed proper usage of security hygiene.”

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Where Can You Buy Casper Coins (CSPR)?

There are now a variety of stablecoin trading pairs available for CSPR trading on an increasing number of platforms. The most popular exchange at the moment for trading CSPR is Huobi Global, while additional options include:

  • OKEx
  • Coinlist Pros
  • ZB

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Riya Kapoor

Riya Kapoor writes about lifestyle, entertainment, news and gadgets. She has been in this industry for almost 4 years now. She is a graduate from Delhi University with English Hons and had deep connection with writing since her childhood.

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