What makes Casper Network so unique?

November 30, 2021 12:44 PM GMT | By Manu Shankar
 What makes Casper Network so unique?
Image source: Chinnapong,Shutterstock.com

Highlights

  • The Casper Network is a proof-of-stake blockchain network that is built on the Casper platform. 
  • Casper allows seamless blockchain adoption by making it open to the world in order to make a long-lasting impact. 
  • According to CoinMarketCap, the CSPR was trading at the US $0.231799 with a trading volume of US $124,933,602 in one day’s period. 

The Casper Network is a proof-of-stake blockchain network that is built on the Casper platform. The Casper platform helps enterprises to build blockchain-based products more effectively and quickly. 

What makes Casper Network so unique?

Through its open and transparent network, Casper is able to bring blockchain into the mainstream to make its adoption an easy process. Casper allows seamless blockchain adoption by making it open to the world in order to make a long-lasting impact. Casper aims to provide solutions to enterprises issues of scalability, security and. 

Why to choose CASPER?

Founded by Medha Parlikar and Mrinal Manohar, Casper’s ability to provide solutions to blockchain technology makes it an extremely versatile network. Due to its future-proof design and its upgradeable smart contracts, it reduces gas fees for transactions. Besides, it offers the upgradability of smart contracts, which reduces the need for complex migration processes. By making it simple, smart contracts are better positioned to adapt to customer demands and business priorities. 

Also read: Should OVR crypto be on your watchlist?

Besides, it focuses on blockchain energy consumption, which is more efficient than Bitcoin’s. With regular security audits and updates, Casper is able to ensure the users have their data secured and the transactions intact. Casper also allows a sharding feature, which optimises its performance. Breaking down the workload will enable the validator nodes to distribute the work quickly across them.

Also read: How can taxing of crypto exchanges change things in UK?

Is Casper token worth it?

Casper token is ranked 144 on CoinMarketCap and is governed by its native token, CSPR. According to CoinMarketCap, the CSPR was trading at the US $0.231799 with a trading volume of US $124,933,602 in one day’s period. CSPR was up by 20.40% from the last 24 hours, with a live market cap of US$637,564,459. CSPR has a circulating supply of 2,750,506,762 CSPR coins and a total supply of 10,505,901,501 CSPR coins. 

Market experts believe that despite Casper’s impressive growth, CSPR crypto needs a more significant rally to see the price go up. Therefore, CSPR’s immediate target would be to hit the US $0.4 mark to see investors showing their interest in crypto.

Experts believe that while the rally could be a positive sign, investors should not to get swayed by a short rally and look at the token’s past performance. 


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