TM Rating: 92.73% |
Review Date: March 7th, 2021
CasperLabs is developing a fully decentralized, shared, and scalable, next-generation DAG (Directed-acyclic- graph) based public blockchain implementing CBC (Correct-by-Construction) Casper PoS protocol, and it’s designed for mass enterprises, developers, and consumer adoption.
Casper is an open and permissionless blockchain using a construct by correction algorithm written with fundamental, verifiable mathematical properties to enable higher security through provable and predictable behavior.
CasperLabs is aiming to address the blockchain scalability issue by keeping blockchain fully decentralized like Bitcoin and Ethereum. The technology promises to scale the blockchain without sacrificing decentralization through proof of stake consensus and open and permissionless access.
The goal behind the project is to create a high-performance multi-threaded execution environment that can enable thousands of transactions per second, solving the enormous scaling issues.
What CasperLabs promises is something very honest and achievable goal of 1000 TPShard with keeping constant transaction cost with DAG-based blockchain and implementing CBC PoS consensus protocols family.
The project can serve as a foundation for the millions of decentralized businesses and applications and it could provide a solid platform for many large enterprises that need to move towards distributed ledger technology.