Casper managed to raise $14 million in 2021 to continue developing the blockchain.
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What Is Casper (CSPR)?
The Casper Network is a decentralized layer one Proof-of-Stake blockchain built off the Casper CBC specification. Casper aims to accelerate the evolution of technology and businesses that associate with blockchain technology now and into the future.
Casper’s platform is future-proof, with upgradeable smart contracts and predictable gas fees for transactions. Casper is also introducing a new standard for blockchain energy consumption that is 136,000 times more energy-efficient than Bitcoin.
How Does Casper Work?
Casper’s consensus-building network (CBC) block generates and sends messages to co-signers in order to reach an agreement on blockchain blocks. A block proposer chooses a set of pending transactions and inserts the associated hashes into a block. Consensus is executed, and the actual block is finalized.
Once the blocks are finalized, the validator nodes perform all the transactions listed in the block and update their internal state. Validators then send a finality signature indicating that the blocks have been completed and added to the blockchain, and updated their internal state.
The History Of Casper
Medha Parlikar is one of the co-founders of CasperLabs and also serving as the CTO. She started building computers in her basement back in the 1980s and 1990s. Since then, she has spent the past two decades delivering SaaS applications for companies such as Adobe, Omniture, and Avalara.
Mrinal Manohar is a computer programmer and banker with a knack for entrepreneurship. He founded Casper in 2014. Before Casper, Mrinal was a Principal and the Technology Media Telecom Sector Head at Sagard Capital, a Private Equity Associate at Bain Capital, and an Associate Consultant at Bain & Company.
Is Casper A Good Investment?
Between collaborations and innovations, Casper can continue to grow in users and adoption. The fact they raised $14 million in capital shows how serious they are in the crypto space.
However they still have a long journey ahead in gaining the confidence of investors, as the below graph demonstrates since CSPR coin launched to the market it has dropped massively in value. CSPR still needs to reach an all time high, and that could possibly happen in the next bull run.
If they can concentrate on delivering new improvements to the blockchain, CSPR could be the next sleeping giant ready to take off.
To stay up to date with the current CSPR price data, click here.
Should You Buy Casper (CSPR)?
If you have done research on the team, vision, whitepaper and you are satisfied with what Casper has accomplished so far, then potentially it could be a great investment for the long term. Perhaps invest small, and wait for market direction before buying more.
Cryptocurrencies can be risky, so invest wisely and be careful with your hard earned money. As a rule of thumb, never invest money you can’t afford to lose.
How Many Casper (CSPR) Coins Are There in Circulation?
Casper has a total supply of 11.2 billion CSPR coins.
Where Can You Buy Casper (CSPR)?
The best places to purchase Casper (CSPR) are at:
- XT.COM
- OKX
- MEXC
- Bitget
- Bitrue