Buy Casper (CSPR)

Casper is a blockchain that uses a Proof-of-Stake (PoS) based consensus mechanism. It focuses on solving the scalability problem without compromising on security or decentralization. This blockchain is specifically designed for the development of solutions and applications for businesses and organizations.

Casper has several unique features, such as predictable network costs, upgradeable smart contracts, on-chain governance, and flexible privacy settings, and this makes Casper attractive to developers and enterprises. Casper uses WebAssembly (Wasm) to execute smart contracts, which ensures high performance. Casper also uses its own consensus protocol, Correct-by-Construction (CBC). This protocol is based on Proof-of-Stake and is an advanced version of the Byzantine Fault Tolerance (BFT) consensus. As a result, it offers fast finality and a high degree of security.

CSPR is the native token of Casper. It is used for transaction fees, staking, and as a reward for validators who help validate transactions on the network.

Who founded Casper?

Casper Labs was founded in 2018 by Mrinal Manohar and Medha Parlikar. They are also the founders of the Casper protocol. With the creation of Casper, they wanted to provide companies and governments with a secure, scalable and efficient blockchain platform, so that they could safely decentralize their operations and tasks.

Casper has multiple functions and can be used in different situations:

• Smart contract development: Casper supports the development of efficient and secure smart contracts for various applications, such as financial services and supply chain management. This makes it an ideal platform for a wide range of applications.
• Enterprise solutions: Businesses can use Casper to decentralize operations and tasks, increase transparency and improve efficiency.
• DeFi and dApps: The blockchain is optimized for the development and execution of decentralized applications (dApps) and DeFi products. It offers high scalability and low transaction fees.

Casper stands out from other blockchain networks with its unique approach to consensus and network security, using Correct-by-Construction (CBC) and WebAssembly (Wasm) as its foundation.

Correct-by-Construction (CBC)

Casper uses Correct-by-Construction to achieve consensus between validators. This model is based on Proof-of-Stake and Byzantine Fault Tolerance (BFT). It generates and distributes messages between validators to achieve consensus on new blocks. A validator selects a number of outstanding transactions and then proposes a new block, adding the hashes of the transactions. This block is called a 'proto-block'. Consensus is then reached and the block is finalized.

After finalization, the validators execute all transactions in the block and update the blockchain. The validators then send a finality signature, confirming the execution of the block, and add the block to the blockchain.

The key concept behind CBC is that consensus is not only achieved by a majority of validators, but also through a structure in which every step in the process is provably correct. This makes for a more secure and reliable network.

WebAssembly (Wasm)

Casper uses WebAssembly (Wasm) for smart contract development, which provides high performance and flexibility with different programming languages. Developers can write smart contracts in multiple programming languages, which makes Casper more accessible. These smart contracts are upgradable meaning they can be modified and improved after deployment, which is an important feature for enterprise applications.

CSPR is the native token of Casper and has several functions that contribute to the operation and security of the network. CSPR is used for transaction fees, rewarding validators, and staking for transaction processing and network security.

A key feature of CSPR is that it has a maximum supply of 12.36 billion tokens. The distribution of CSPR tokens is as follows:

• Genesis validator tokens: 30.4%
• Public token sale on CoinList: 17%
• Developers: 16%
• Casper association: 12.6%
• CasperLabs Holdings AG: 10%
• Team: 8%
• Advisors: 6%

CSPR staking is the process by which token holders stake CSPR to participate in the consensus mechanism. In this way, users can contribute to the security of the network. CSPR staking can be done in different ways. Users can set up a validator themselves or delegate their CSPR tokens to an existing validator, which is considered a simpler method for Casper staking.

In return for staking Casper, users receive rewards in the form of additional CSPR tokens, depending on the amount of tokens staked and the total stake within the network. The staking process is accessible through various platforms, including the official Casper wallet and other platforms that support staking.

Casper has features and characteristics that set the project apart from other blockchains:

• Correct-by-Construction (CBC): This consensus protocol provides flexible and secure consensus, resulting in faster final transactions and improved network security.
• Energy efficiency: Casper is designed to consume less energy than traditional Proof-of-Stake and Proof-of-Work blockchains, making it a more sustainable alternative.
• Upgradable smart contracts: Unlike many other blockchains, smart contracts on Casper can be upgraded, which is important for companies that want to continue developing their applications.
• WebAssembly (Wasm): By using WebAssembly, Casper brings higher performance and language flexibility to smart contracts, allowing developers to program in their preferred language.
• Enterprise focus: Casper is specifically designed with businesses and organizations in mind, with features like predictable network costs and on-chain governance that make it attractive for enterprise use.
• Decentralization and scalability: Thanks to its unique consensus mechanism and architecture, Casper offers a balance between decentralization and scalability that many other blockchains struggle with.

While both platforms support smart contracts and dApps, there are significant differences between Casper and Ethereum. Casper stands out because it offers developers access to open and multiple programming languages, while Ethereum only supports Vyper and Solidity.

The difference in consensus mechanism and architecture allows Casper to strike a balance between decentralization, security, and scalability. While Ethereum is considered secure and decentralized, it has long struggled to solve scalability issues.

Casper (CSPR) is available to buy from Bitvavo, which is a platform for both novice and experienced traders. Follow these steps to purchase CSPR on our website and mobile app:

1. Register or log in to your Bitvavo account.
2. Make a deposit by clicking "Deposit".
3. Visit Casper's buy page.
4. Enter the amount you wish to spend or the number of CSPR coins you want to buy and confirm the purchase by clicking "Buy".

The price of Casper (CSPR) tokens depends on the current market value. After the transaction, your Casper tokens will be automatically added to your Bitvavo account, where you can easily manage and sell them, allowing you to quickly respond to market changes.

Ensure safe storage of Casper in your Bitvavo account, where we protect the majority of customer assets in offline managed cold wallets for the highest security. Activating two-factor authentication (2FA) is highly recommended as an additional security measure.

For those who prefer personal storage, most software and hardware wallets support Casper coins. After purchasing CSPR, you can transfer it to an external wallet by first adding the wallet’s address to your Bitvavo account, giving you full control over your coins.