Austin, TX, May 11, 2021 (GLOBE NEWSWIRE) — CasperLabs is the team behind the development of the Casper Network. Casper Network is the first live proof-of-stake blockchain built off the Casper CBC specification. Casper is designed to accelerate enterprise and developer adoption of blockchain technology today and evolve to meet user needs in the future.
The team at Evangelion Capital believes the Casper Network to be a promising project that can solve the issues of scalability, security and decentralization that have plagued other smart contract blockchains.
Evangelion Capital’s investment was part of an immensely popular public sale that was sold out within hours. Casper Labs is backed by investment giants such as Consensus Capital, Hashkey Capital, Atlas Group, Diode Capital and more.
A catalyst for Blockchain innovation
Casper Network is an enterprise-focused layer-1 proof-of-stake blockchain protocol aiming to solve the issues of scalability, security and decentralization that have plagued other smart contract blockchains such as Ethereum.
To tackle the problem of high transaction fees, Casper is introducing a “gas futures market” concept, Parlikar (CTO of Casper) said. By tokenizing block space to allow companies to buy future block space, Casper’s gas model aims to allow its blockchain’s users to lock in prices now, to have more predictable future network usage costs.
The launch of Casper Labs is a strong move towards solving the issues of…