A problem as old as the Bitcoin blockchain: the trilemma of decentralization, scalability and security. Reconciling all three is usually difficult. If a blockchain scales particularly well, such as with proof-of-stake coins, its decentralization begins to falter. Conversely, if it is particularly decentralized and secure, it often scales less well and tends to blockages when there are excess transactions. The Casper Network wants to address this problem.
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Casper Network vs Blockchain Trilemma
To resolve the blockchain trilemma, the Casper Network relies on the proof-of-stake consensus mechanism in combination with the WebAssembly standard. The network also relies on Highway, its own consensus protocol. This allows the Casper Network according to their own statements have some advantages over ordinary protocols. This includes, for example, higher finality when processing blocks, which leads to faster processing of transactions. In addition, the protocol achieves greater flexibility in the finalization of blocks through the use of Highway.
The network is geared towards companies and blockchain developers.
CSPR tokens
Anyone who uses the CSPR token can use it in the network to support the consensus mechanism. Anyone who appears there as a validator for the proof-of-stake consensus is rewarded with tokens.
When the token was launched on March 22, 2021 as an Initial Coin Offering (ICO), it sold out pretty quickly. Whoever struck at the starting price of 0.015 US dollars per token was able to rake in hefty profits. Because already on May 12th, 2021 CSPR reached its all-time high of 1.33 US dollars. After that, however, the price fell again quite quickly and has been floating between US$ 0.20 and US$ 0.30 ever since.
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