Casper Network Coin Price & Market Data
Casper Network price today is $0.115542 with a 24-hour trading volume of $14,830,337. CSPR price is down -3.9% in the last 24 hours. It has a circulating supply of 2.4 Billion CSPR coins and a total supply of 10.4 Billion. If you are looking to buy or sell Casper Network, Gate.io is currently the most active exchange.
What is Casper Network?
Casper network is an L1 general-purpose blockchain similar to Ethereum. It is built on the consensus framework of Proof of Stake (PoS) based on Correct-By-Construction (CBC) specification. Casper is mainly targeting institutional and enterprise clients, helping them to adopt blockchain technology.
What is CSPR?
CSPR is the governance token of Casper Network.
The role of CSPR is as follow:
Validators of the Casper Network will receive rewards in the form of CSPR.
It is needed to pay for any transactions made in the Casper Network.
It also served as a medium of exchange between network participants.
The token supply is not fixed but inflationary, designed to incentivize the ongoing security of the network.
What makes Casper different than other blockchains?
Casper network has the following distinct advantages:
Casper supports WebAssembly(WASM) instead of using a propriety new coding language like other blockchains. Casper is designed so that any software developer can start building applications directly without having to learn a new language.
Casper adopted an optimized gas(fee) model that is more predictable and stabilized, even during high network usage.
Permissionless but flexible
Casper allows enterprises to build both permissionless and permissioned applications. This allows greater flexibility of having the privacy of private networks and the security of the public one.
Unlike applications on other blockchains that are hard to be upgraded, Casper supports the upgrade of on-chain smart contracts directly - removing the need to navigate complex governance and migrating processes.
Are there projects already building on Casper?
There is a growing network of companies that choose to build on Casper.
Some examples below:
Metis is an L2 project that focuses on the creation of Decentralized Autonomous Companies (DACs). Troubled by the high fees of Ethereum, it has decided to move to Casper.
IPwe aims to build a global patent management and licensing database. IPwe plans to use Casper for patent encryption to ensure private information of the patents can only be accessed by the verified entities. With the database live on Casper, it will enable patents to be traced globally and royalties to be automatically allocated to the relevant parties.
ACDX is a cryptocurrency exchange offering structured products and derivative trading.