Casper Labs is little known in the midst of the most high-profile projects. Yet it is a central player in the history of proof of stake and the transformation of Ethereum. Long in the development phase, its blockchain is now operational. And it can enter the world of DeFi to become a large-scale enterprise solution.
- Increase in volume and deployment of smart contracts
- A look back at Casper’s story
- Native Currency Price Analysis (CSPR)
- Launch of the first blockchain projects
In-depth movements on CASPER
At first glance, it is difficult to say that the CASPER blockchain can very quickly enter the top 100 cryptocurrencies. Especially compared to projects like Velas, Nervos Network or Conflux. However, the latter are in capitalizations of the same order of magnitude. Casper is not widely talked about, although she has similar strengths in terms of scalability.
But these are not enough and the course of CASPER seems almost monotonous. In fact, the near constant deployment of blockchains and their eco-system since this summer has made CASPER ghostly for the cryptosphere. The Casper Labs team itself is aware of the changes to be made at the marketing level. Moreover, the distribution of NFT for its first 50,000 supporters is a first step in this new strategy. Despite this, the massive deployment of smart contracts in recent days shows that investors and the first projects are already starting to position themselves there.
From Ethereum protocol to ICO on Conlist
Casper was not intended to be a first layer (layer 1) blockchain. Unlike Ethereum or the Binance Smart Chain. In fact, Casper Labs had started to develop a protocol to implement proof of stake on Ethereum. It was the Casper protocol. However, although two first versions of the protocol have been integrated into Ethereum, the final project has fallen increasingly behind schedule. And Casper Labs has decided to build its own blockchain, built entirely on proof of stake. It is also intended to be a modular blockchain. In other words, scalable, since each of its components can be modified without having to transform all of the code. This modularity aims to avoid hardforks. The latter often took place in the evolution of early blockchains. As for example for the split between Bitcoin and Bitcoin Cash in 2017 at the time of an update.
Casper launched his native currency last March through an ICO on Coinlist. The latter was a great success and was initially intended as a real business solution. And this for two reasons ! It allows you to configure the confidentiality of transactions and to reserve transactions in advance. This makes it possible to predict the costs that will be levied and therefore to easily integrate them into a budget.
CASPER price analysis (CSPR)
An overview of the course is not very enlightening. Right after the listing, some of the investors who had positioned themselves during the ICO took their gain, which caused the price to fall. The price of CASPER has thus gone from 1.3 to 0.059 dollars. Despite the steady rise in the prices of many cryptocurrencies since the end of the summer, the price of CASPER has only risen to 0.15 dollars. However, this is likely to change in the coming weeks if obviously the price of Bitcoin does not fall.
Indeed, for several weeks, we have witnessed a steady rise in the volume of exchange of this currency, the increase of 77% today not being exceptional.
CASPR / USD price since March 2021 on Coinmarketcap
In addition, over a shorter period, we can see a real rise in the price with a rise from 0.12 to 0.17 dollars during the day of November 15. This break is all the more important as it precedes the real changes that will appear on the blockchain.
The first stones of the eco-system
Several times delayed, the launch of the decentralized exchange WISE will take place in a few days. It will bring liquidity to the blockchain and will be followed by that of the first Launchpad, CasperPad. Exploring the blockchain gives little indication. However, the increase in smart contracts indicates that a number of tokens had to be created in order to be exchangeable. And this, from the opening of WISE. Or its likely competitors since another name, PICASWAP, is already circulating in the CASPER community discussion groups.
In addition, the latest Hackaton proposed by Casper Labs sparked the production of more than two hundred projects. Including a number of NFT series. With of course CASPER PUNKS since since their success on Ethereum, their variation is done on all blockchains. This new tone indicates that DeFi will be very present in the future of CASPER. The choice of Rust as the programming language for smart contracts may appear to be a limitation for exporting projects already built on Ethereum. But the next updates will include a transpiler that will compile smart contracts from any language so that they can be read in Rust. This will give him an important asset to settle in decentralized finance.
Ethereum’s companion, Casper Labs has taken his innovation with him to build a maturing blockchain. Far from the hype, it has thus taken the time to build solid projects and their public launch in the coming weeks will surely be the occasion for a rise in the price and it can be interesting to take advantage of these last moments of calm.
