- No Comments
The release of the first version of the Ethereum Protokol Casper took place
The initial version of CASPER-the protocol of improvement of Ethereum based on Proof-OF-Stake, on which Vlad Zamfir is working, has been published. Its release marks the start of the new stage in the development of the Ethereum ecosystem, which in the potential can lead to fundamental changes in the network infrastructure.
As planned by Zamfir, Casper must completely change the principles of creating and distributing Ethereum blocks, and its mechanisms are described in detail in the document “Casper: Friendly Ghost”. The main attention in it is paid to Correct-by-Construction protocols, which will simplify the process of achieving consensus in a “partially synchronous network”. In other words, they will reduce the overall complexity of the entire blockchain.
For example, today miners mines new blocks using the Proof-OF-WORK energy-consuming method, while Casper offers to completely move away from this model. Using the Proof-OF-Stake algorithm, users will be able to temporarily invest (freeze) part of their coins and receive a reward as new.
The fact that the transition to the Proof-Of Stake model will positively affect the entire network, Vitalik Buterin also agrees, but his approach is somewhat different from the deputies of Zamfir. The founder of Ethereum described his alternative version of Casper at once in three White Paper’s (here, here and here). In addition, the developers recently announced that they intend to use the protocol experimental code as the basis for the new test network.
Recall, on October 16, the Ethereum network was held by the BYZANTIUM Harder. The update was the first step of Ethereum developers on the way to introduce a Proof-OF-Stake consensus algorithm as part of a large-scale dick Metropolis.