Casper is a proof-of-stake consensus protocol that is part of the Ethereum network. The Casper protocol is designed to be more energy-efficient and environmentally friendly than the existing proof-of-work consensus protocol.
The Casper protocol works by rewards participants who stake their ETH in order to validate blocks. The more ETH that is staked, the greater the rewards.
These rewards are paid out in proportion to the amount of ETH staked.
The Casper protocol is still in development and is not yet live on the Ethereum network. However, there is a testnet version of Casper that is live and running.
NOTE: Warning: Casper is not built on Ethereum. Ethereum is a blockchain platform, while Casper is a proposed protocol for verifying transactions on the Ethereum network. Therefore, it is important to understand the difference between the two before making any assumptions about their relationship.
So far, the Casper protocol seems to be working well. The testnet has processed over $1 million worth of transactions without any issues.
The team behind Casper is confident that it will be ready for mainnet launch in the near future.
Yes, Casper is built on Ethereum.
The Casper protocol works by rewards participants who stake their ETH in order to validate blocks.
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