Where's Casper? Inside Ethereum's Race to Reinvent its Rules
If you've been following ethereum at all, you're likely aware the blockchain project has a lot riding on something called 'proof of stake'. A radical change to how the network forms consensus, the idea is somewhat simple in aim, but potentially history-changing in scope. The story goes like this: As far back as 2011, some developers began to worry about the energy that bitcoin – which uses a process called 'proof of work' (PoW) – would require at scale (some recently estimated that it would consume as much energy as Denmark). Further, bitcoin's mining firms were already becoming big....
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Casper is an Ethereum competitor that aims to launch in the first quarter of 2021.
Blockchain software development and security consultancy firm Arcadia partnered with DotOracle Network to build the first cross-chain bridge on Casper Network, the first proof-of-stake (PoS) blockchain developed based on the Casper CBC (correct-by-construction) specification. Arcadia and DotOracle will build a liquidity network layer for Casper Network, which will enable users to move digital assets back […]
The native crypto asset of the Casper Network, CSPR is now available on the global crypto spot and derivatives trading exchange – OKEx. Introduced on May 11, the platform opened CSPR deposits at 10 AM UTC, soon followed by the launch of CSPR/USDT spot trading at 11 AM UTC. Casper Network is the first proof-of-stake […]
Ethereum receives welcome support from the mainstream press as Bloomberg calls it “the hottest new platform in the world of cryptocurrencies and Blockchains.” The comments come as part of a piece setting out the next move for “Bitcoin’s top rival,” which include removing mining to allow the network to scale and meet possible demand from global corporations. “If Ethereum is going to take advantage of the potential that companies like JPMorgan, Microsoft and IBM see in its underlying transaction technology, the Blockchain, as the potential backbone that could reshape modern business and....
After years of development, ethereum has a new plan to update the algorithm that keeps its entire network in sync. Vitalik Buterin, ethereum's creator, recently released a rough implementation guide that reveals the network's developers will first start with a 'hybrid' system that merges bitcoin-style proof-of-work mining with its much-anticipated and still-experimental proof-of-stake system called Casper, created by Buterin. The plan effectively means ethereum will begin alternating between the two systems, so that some transaction blocks (one out of 100) are secured via proof-of-stake....