Casper (Ethereum)
| Casper is a protocol aimed at converting the Ethereum network into a Proof of Stake (PoS) blockchain. The protocol is designed to improve upon the existing Proof of Work (PoW) consensus algorithm by making it more energy efficient and secure. The Casper protocol is also intended to address some of the issues associated with PoW, such as the high level of centralization and the risk of 51% attacks. The Casper protocol is based on the concept of stakeholder consensus, which means that those who hold ETH in their wallets can vote on proposed changes to the network. The protocol is designed to be more energy efficient than PoW, as it does not require miners to expend large amounts of electricity to power their computers. In addition, the Casper protocol is intended to make it more difficult for bad actors to attack the network, as they would need to control a majority of ETH in order to do so. The Casper protocol is still in development, and is not yet live on the Ethereum network. However, the team behind the protocol is confident that it will eventually be implemented, and that it will have a positive impact on the Ethereum network. |
Share this glosssary
