CasperLabs has raised $14 million in a private validator token sale, with over a dozen investors participating in a round led by Digital Strategies.
It has been reported that the company expects to launch its public mainnet in the first quarter of 2021, followed by a public token offering which will exclude US investors.
However, in 2018, CasperLabs raised $14.5 million in an equity Series A round led by Terren Piezer, as the original plan provisioned for an Exchange Validator Offering on the BitMax exchange, but the recent announcement makes no mention of the exchange.
The report said that Casper started out as a scaling solution for Ethereum (ETH), but eventually, the decision was taken to pivot toward building its own proof-of-stake blockchain platform with Turing-complete smart contracts. Ethereum may soon prove to be one of the dominant smart contract network’s main competitors.
Likewise, Casper prides itself on providing a user-friendly blockchain for enterprise users, as its consensus protocol, named Correct By Construction (CBC), was designed by former Ethereum Foundation researcher Vlad Zamfir.
Like many Ethereum competitors, it postulates a solution to the well-known blockchain trilemma: Scalability, Security, Decentralization; the assumption being that you can have only two out of three.
Thus, CasperLabs suggests that the Casper Delta testnet going live this month will be their final testnet before the launch next year.
Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.
Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.
We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.