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Ethereum 2.0: Casper Set To Launch Testnet This Year

On 11th January 2019, the third Blockchain Connect Conference was held in San Francisco. The event was highly anticipated by the Ethereum community as at the end of the conference, Vitalik Buterin closed with a speech on the future of the cryptocurrency.

Buterin is the co-founder of the third biggest cryptocurrency (at the time of writing) and at the CBC Casper (correct-by-construction Casper) is a new safe Asynchronous Byzantine fault-tolerant consensus, mainly proposed by Ethereum team research Vlad Zamfir. For those that don’t know, Casper is a verification system and in order to join it, the certifier needs to take a certain percentage of the Ethereum that they own so that they will then have a safety margin. If the verifier acts in a malicious manner to reverse the block, then the evidence can be submitted to confiscate the verifier’s margin. I guess crime does pay… just not in the usual sense.

According to Hackernoon; Casper “emphasizes on finality”. Essentially, this…

Read Full Story : Crypto Daily™

2019-01-17 15:30:00

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