What is Casper (CSPR)?
The Casper Network (CSPR) was a blockchain network launched on the mainnet on March 30, 2021, one of the first real-time Proof-of-Stake (PoS) projects built outside of the Casper CBC specification. The Casper platform is designed to boost the development of blockchain technology, smart contracts, and DApps.
In order to solve the problem of the existing Proof-of-Work (PoW), like spending too much computational power at a high operation cost, the Casper Network is using a PoS mechanism which is designed by Ethereum developers. And specialize in building private and decentralized applications for businesses.
The founder of Casper Network is the Casper Association, a non-profit entity that enables the evolution and decentralization of the Casper Network. It provides resources to help users to build decentralized applications on Casper and maintain its growing ecosystem.
How does Casper (CSPR) work?
Traditional blockchain networks like the Bitcoin network and the early stage of Ethereum are using the Proof-of-Work (PoW) mechanism. And compared to the PoW system, the PoS system does not require so many computational resources like electricity. So that a lower gas fee is required for the developers.
Here are the reasons why businesses and developers choose Casper:
User-friendly: Casper supports the upgrade of smart contracts on the chain without carrying on a complicated migration process with a lower gas fee. It’s way easier for developers to fix the bugs in smart contracts.
Easy to use: The Casper Network supports different programming languages, rather than supporting a specific type of programming language only. For developers, the process of developing a smart contract or D-Apps is simplified on the Casper network.
Transparent Network Fees: The setting of Caser Network is more transparent, open and predictable, like the pricing mechanism of gas price. All developers are able to access and control the spending of network fees.
What can CSPR tokens do?
CSPR token is the native token of Casper network.Here are the usages of CSPR:
Staking: The verification of the transactions on Casper is carried out based on the tokens for staking. They also receive the CSPR tokens as a reward for participating in the PoS mechanism.
Network Fee: As the Casper Network is maintained by the PoS mechanism, CSPR tokens are required to validate the node's operators.
How to buy CSPR on Bitget?
If you consider Casper a potential Blockchain project, you can start to find out more about its native token CSPR.
According to CoinMarketMap, the total supply of CSPR is 400 million. Approximately 183 million CSPR provided liquidity to exchanges.
The simplest way to buy CSPR is through cryptocurrency exchanges. You can establish an account with an exchange like Bitget, and then fund the account with fiat by credit card, Apple pay and Google pay.
Disclaimer: All products and projects listed in this article are not endorsements and are provided for informational purposes only.
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