In the field of blockchain, the launch of any public chain will inevitably be discussed in the “Impossible Triangle”, which of course has been gradually ignored under the recent overwhelming FOMO sentiment, but the controversy in this area has been ongoing.
Scalability triangle believes that blockchain tries to have three properties at the same time, if you insist on technical “simplicity”, then you can only get two of these three properties, that is, blockchain “impossible triangle”. These three properties are.
Scalability: Blockchains can handle more transactions than a single conventional node (e.g., a consumer-grade laptop) can verify.
Decentralization: Blockchains can operate without relying on any trust from a small group of large centralized players. This usually means that you cannot give trust to a small group of nodes (even assuming they are mostly honest) (you cannot join as one of these nodes via a consumer-grade laptop).
Security: The blockchain can resist attacks being launched against it from a large percentage of participating nodes. (Ideally 50% for the nodes needed for an attack to succeed, 25% or more is fine, 5% is definitely not)
There has not been a public chain that can cover all and run smoothly, but many projects are still trying to solve this problem, and Casper is one of the star projects.
I believe the most impressive thing is the Coinlist public offering, which triggered 300,000 people to grab it at the same time, creating a historical record, very crazy, let’s look at what Casper actually does?
Casper is an open source proof-of-stake blockchain network that builds on the CBC (Construction-by-Correction) Casper specification originally established by early Ether developers. the Casper network is targeted at enterprises and developers by focusing on unique features such as scalable contracts, predictable network fees, privacy flexibility, on-chain governance, and developer-friendly language. Casper solves the scalability challenge by enabling development teams to build networks that are optimized for security, decentralization and high throughput with confidence.
CBC Casper Early Ether developers designed CBC Casper to bring finality and flexibility to blockchain-based consensus protocols. Finality improves security because it ensures that past decisions are irreversible and makes decisions deterministic rather than probabilistic. In addition, Casper is very flexible and can adjust blocking times based on network conditions. These benefits make transaction settlement faster and increase user confidence in the protocol’s data output.
Designed for enterprise adoption, the protocol focuses on flexible privacy permissions, low latency and security.Casper allows enterprises to choose between public, licensed and private network iterations based on their confidentiality preferences without sacrificing security or performance.
Future Proof Casper is designed to withstand changing business and developer preferences. Scalable contracts ensure developers and businesses can improve their applications over time; stable/predictable gasoline rates ensure applications stay up and running even as network activity spikes; WebAssembly support ensures non-cryptographic developers can join quickly; and on-chain governance mechanisms ensure governance based on network contributions and reputation.
CSPR’s total initial offering of $10 billion uses a low-inflation model with an expected inflation rate of 2-7% per year, and of the initial offering portion.
Coinlist public offering: 16%
Casper nonprofit: 14.3%
First round of verified node sales: 19.5%
Second round of verified node sales: 10.3%
Developer Incentives: 16%
The Casper project has gone through a total of 3 rounds of financing.
The first round, an equity financing in July 2019, led by Terren Piezer with participation from Consensus Capital, Digital, Strategies and others, raised a total of $14.5 million.
The second round, the first token funding in September 2020, raised a total of $14 million. The price at that time was $0.0100/ CSPR, and the terms required a 3-month pledge period starting from the main online launch, followed by a 3-month unlock and release period.
The third round, the second token funding in January 2021, raised a total of $11.9 million. The price at that time was $0.0150/CSPR and the terms were a 3-month pledge period starting with the launch of the main website, followed by a 3-month unlocking and release period.
In addition, Casper has partnered with enterprises and Web3 development teams across a wide range of industries, and has also entered into a strategic partnership with BSN to build high-performance, scalable and secure blockchain-based solutions.
Most enterprises and organizations are still resistant to integrating blockchain-based solutions, and this hesitation stems from two major concerns: technical interoperability and privacy.
Enterprises still tend to view blockchain technology as a standalone stack, rather than a solution that can augment the traditional stack they are familiar with. IDs enable simple communication between parties within the blockchain network; and scalable smart contracts give enterprise developers the ability to iterate and adapt as the business changes without being trapped in the first generation of code.
Enterprises also see privacy concerns as another major barrier to blockchain adoption, and the Casper public chain is built to address the granular needs of enterprises for confidentiality and privacy. The solution does not require a choice between private and public chains; Casper Public Chain supports the use of public chains as private implementations of trusted settlement layers, and with the added security and immutability of public chains, the confidentiality of private chain transactions will be more assured.
Casper is a To B enterprise public chain, which proposes a good solution on the existing public chain architecture, it has some initial applications in use on the ecology and docked many quality projects, we still see the follow-up on the specific development.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/can-casper-an-enterprise-class-public-chain-really-solve-the-impossible-triangle-problem/
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