James Haft, CEO of PALcapital, joins the CasperLabs community as Advisor
Learn why PALcapital is proud and excited to be working with CasperLabs - a truly scalable, simple to use and a decentralized blockchain and smart contracting platform that scales for real-world usage and simplifies experiences for developers and end-users.
CasperLabs' Proof-of-stake
The open-source CasperLabs project is building a decentralized, economic, censorship-resistant, public compute infrastructure and blockchain. It will host and execute programs popularly referred to as “smart contracts”. It will be trustworthy, scalable, concurrent, with proof-of-stake consensus and content delivery. Most PoS consensus protocols attempt to achieve scale by either limiting the number of consensus forming nodes, or using optimistic consensus.
The CasperLabs protocol does neither of these things, and still retains the ability to scale out transaction processing and block production, limited only by bandwidth. Furthermore, block sizes can increase without orphaning blocks or transactions. Concurrency exists throughout the platform, which will enable the protocol to scale as bandwidth and hardware provide more capacity. This design does not prevent CasperLabs from implementing sharding or side chains either.
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Why Build on Casper?
Scale without sacrifice. Build apps as big as your ambitions. The network will be fast and secure for your applications at real-world scale because it’s powered by Highway, our innovative CBC Casper-based proof-of-stake consensus protocol and our parallel execution engine.
More efficient Most network computing power is applied toward processing transactions instead of proof-of-work mining.
Designed for public, large-scale, decentralized networks Everyone can participate in consensus because the network is permissionless. Bad behavior is punished by slashing stake so it remains secure.
Natively supports scaling technologies We built the network to be upgradeable to support the best scaling technologies: concurrent execution, sharding, and sidechains.