Exchange Casper (CSPR)

Casper is a blockchain network designed to accelerate enterprise and development adoption of the decentralized ledger technology, smart contracts, and dApps on the global scale and prepare the industry for the needs of future Web3. It is the first-ever live Proof-of-Stake network built on the Casper CBC specification. The vision of the project is to satisfy the growing demand for intuitive, interconnected services. 

Casper claims to solve the blockchain trilemma as it offers enterprise-grade security, scalability, and decentralization within the same blockchain protocol. 

The project was launched by the software developer Medha Parlikar, who has previously worked for Adobe, Omniture, and Avalara, and computer programmer/finance professional Mrinal Manohar, who served as a Principal and a Technology/Media/Telecom sector head at Sagard Capital. Mrinal has also been personally investing in crypto since 2012. Both of them founded Casper Lab which spent years researching the technology to launch this type of project. Casper’s Whitepaper was released on January 19, 2019. 

The Casper network utilizes a Proof-of-Stake consensus mechanism. The network’s consensus and transaction validation processes are open and accessible to everyone. Thanks to the high level of decentralization, there are numerous use cases of the network. The advantages of Casper include upgradable smart contracts and predictable gas transaction fees. It claims to be 136,000% more energy efficient than Bitcoin. Moreover, it offers development-friendly languages and on-chain governance. 

The Casper Network can accommodate up to 100 validators with the possibility to enhance this parameter through upgrades. To start staking and receiving rewards validators have to compete in the validation auction. If the validator wins he gets rewarded. The waiting time is set for unlocking the tokens, but other than that the process is permissionless, allowing validators to join and exit at any time. 

To stake the tokens users need to have an access to CSPR token wallet. They can also use the CasperLabs Signer tool that serves as a CSPR wallet, securing users’ accounts and assisting them with staking, un-staking, and token transfers. Users can also participate in staking without running a node, by delegating their tokens to a particular node operator. The base annual rate that can be earned is 8%.

A remarkable feature of the network is the innovative Correct-by-Construction Casper specification that allows for the fast adoption of blockchain services on all enterprise levels, also ensuring database management solutions and scalability. It utilizes an upgraded approach to the Byzantine Fault Tolerance applications. The architecture of the Casper network has undergone several audits. The latest one, by Traill of Bits, was completed in January 2021, which ensured that the project applies proper security. 

Casper Labs supports the projects that build on the Casper network, making it a very attractive choice for the growing number of enterprise organizations interested in building in the Web3 environment but needing more dedicated support than open-source decentralized projects can provide. There is a number of projects built on the Casper network, for example, Metis, IPWe, and ACDX. 

CSPR is the native token of the Casper network. It has a total supply of 11,238,018,394 tokens with about 10.44 billion coins in the current circulation. From the total supply, 400 million tokens were released from the freely traded tranche of Casper’s Public Sale on Coinlist. About 183 million coins were provided to exchanges as liquidity. There are also additional tranches of CSRP held by the number of the network participants. By staking tokens users choose node validators, allowing the consensus to be more versatile and scalable. 

CSPR is also used as a governance token and as a measure of payment for transactions as well as a medium of exchange between the network participants. 

Average Fees on Casper Network

The users of the Casper network pay fees for the on-chain transactions. A token transfer costs 0.0001 CSPR for transferring at least 2.5 CSPR or more. 

CSRP Token Wallets 

Users can hold the CSPR tokens in most of the common crypto wallets, such as Ledger, Coinbase, Bit2me, Huobi, Trezor One, Exodus, MetaMask, Coinomi, Trust Wallet, imToken, Binance, etc. The project also offers its native Casper Wallet.