Casper Network has launched its major upgrade, Casper 2.0, on the mainnet. This update positions the network to handle real-world assets and applications, moving beyond just cryptocurrency.
A New Era for Blockchain
Casper 2.0 aims to bridge the gap between blockchain technology and traditional business needs. It offers a user-friendly environment for developers and businesses to build applications using tokenized assets and on-chain finance. The upgrade focuses on making blockchain technology accessible and useful for everyday applications, not just within the crypto world. Matt Schaffnit, CEO of the Casper Association, highlighted the upgrade’s potential to secure identity, ownership, and value across various industries.
Key Improvements in Casper 2.0
Several key improvements make Casper 2.0 stand out:
Zug Consensus: Instant Finality
The new Zug consensus protocol provides instant finality for transactions. This means that ownership changes for assets like real estate or commodities are immediate, irreversible, and have a clear audit trail.
Secure and Upgradable Smart Contracts: Enhanced Control
Casper 2.0 offers natively upgradable smart contracts with built-in multi-signature support and fine-grained permissions. This allows developers to create auditable and compliant workflows, mirroring the security of traditional systems.
Developer-Friendly Environment: Easier to Build On
The upgrade makes it easier for developers to build on Casper using familiar languages and tools. It removes many of the typical hurdles associated with Web3 development. This includes support for multiple virtual machines, increasing the network’s capacity for complex applications.
Advanced Capabilities: Expanding Possibilities
Casper 2.0 also includes features like native liquid staking for integrating rewards into smart contracts, zero-knowledge hashing for privacy-preserving solutions, and a native token burning mechanism for supply control.
Michael Steuer, CTO of the Casper Association, emphasized the upgrade’s focus on mirroring real-world processes and assets on the blockchain. He highlighted the ability to instantly settle transactions, implement realistic access controls, and seamlessly upgrade applications as regulations change.
Security and Audit
The Casper 2.0 upgrade underwent a thorough security audit by Halborn Security, ensuring its code meets high industry standards.
About Casper Network
Casper Network (CSPR) is a decentralized, Proof-of-Stake blockchain designed for real-world applications. It aims to facilitate secure tokenization, management, and exchange of assets and data in both public and private settings. The Casper Association, a Swiss non-profit, supports the development and adoption of the Casper protocol and ecosystem. More information is available at casper.network.