According to reports, CasperLabs is aimed at building a new Blockchain network that will be based on a model of the proof-of-stake (PoS) consensus protocol.
Vlad Zamfir, Ethereum’s Foundation researcher, has been appointed to serve as the lead consensus protocol architect which confirms earlier rumors of his association with CasperLabs. Going forward, the new startup plans to sponsor Zamfir’s research on the PoS protocol to implement a “completely decentralized, sharded, scalable next-generation Blockchain network.”
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Zamfir to Handle Protocol Specifications Production
Zamfir told CoinDesk that his range of duties would be “producing protocol specifications” that would “support CasperLabs’ team” in understanding the technology that will be created. Zamfir will not code the Blockchain itself. Rather he will offer his assistance to the project as a researcher.
Just one of a broad range of crypto consensus models created to validate transactions without having to rely on the proof-of-work mining (where users can solve computationally-intensive puzzles to attach new blocks to a Blockchain), the PoS consensus model is yet to see any significant large-scale testing.
Casper Correct by Construction
Within the PoS, there are competing designs that help implement the idea, although the one Zamfir designed in Ethereum’s (ETH) early days is called Casper Correct by Construction. As per the press release:
“Casper Correct by Construction promises to scale the Blockchain technology without having to sacrifice decentralization. It will do this by removing the mining needed by the traditional proof-of-work protocol. It will be ecologically and economically efficient. More secure than the pre-existing systems.”
Zamfir also gave a speech during today’s event in New York commemorating CasperLabs launch, alongside the CEO of the company Medha Parlikar and Michael Birch the company’s lead developer.
While he didn’t talk much on his direct involvement in the project, Zamfir focused on his research on sharding (breaking a distributed system to multiple parts) in a Casper CBC context.
About Casper CBC
Casper CBC was created in parallel with Casper FFG (Friendly Finality Gadget) which was designed by Ethereum’s Vitalik Buterin and researcher Virgil Griffith. Both PoS models draw heavily on the same pioneering research related to validator reward staking along with slashing conditions.
While Casper CBC and FFG were talked about in the context of the Ethereum (ETH) Blockchain roadmap, the broader community saw Casper CBC as a less production-ready version of the PoS protocol back in 2017 that could wait until Casper FFG is implemented fully on the Ethereum (ETH) Blockchain.
Now, as the development for Casper FFG remains on the Ether Blockchain, Zamfir will extend his research on the Casper CBC, by providing key analysis and reviews on different aspects of the model of the CBC including economics modalities, and key parameters for configuration to name a few.
Zamfir had this to say in today’s press release:
“I’m happy that CasperLabs is keenly interested in implementing a more scalable Blockchain protocol from CBC Casper’s family of protocols, and hope their efforts are independently successful which puts pressure on other projects to go for the technology.”
CasperLabs is funded by its Mrinal Manohar headed parent company Adaptive Holdings.