The description of Ethereum Casper needs clarification of its main advantages and disadvantages, because it is one of the latest applications that have received interest from Ethereum, and it is still in development and updating to reveal to us future expectations about it. A distinct boom in blockchain chains.

Description Ethereum Casper

Casper is an application that makes Ethereum a proof of stake blockchain, and although Ethereum was founded in 2015 as PoW-powered, its developers were considering moving it to a stake model, so mining could not be implemented on it.

Two types of Casper implementations work on Ethereum: Casper CBC, Casper FFG The initial version was cbc, which initially worked according to the POS protocols of the public blockchain, but later evolved and included many models.

The founders of Ethereum were looking for a version of FFG as a hybrid system between Pau and Pos, but the implementation has not yet taken place, there are chances that the Pos protocol will not be used in the first place.. However, Casper is considering releasing FFG for Ethereum. This does not deny that the first version of the 2.0 application is still useful. Therefore, both versions of the application are developed for Ethereum and Casper is assumed to be a POS model that can be implemented in any other blockchain networks. Not only for Ethereum.

See also: What is Ethereum Plasma?

How does the Casper app work?

The transition from Ethereum 1.0 to Ethereum 2.0 is called the upgrade process, which consists of 3 phases, the predecessor of which is the initial phase, which witnesses the launch. The new blockchain, which is the Beacon Chain, is based on proof of stake, Casper rules define the consensus mechanism of the new blockchain.

Here, proof-of-work is different from PoW, where miners create and verify transaction blocks through specialized high-cost devices, so Casper’s role falls to removing the mining process from Ethereum, confirming and validating new blocks. Blocks are the shoulders of a group of auditors, who choose depending on the claim.

Each block validator’s vote is determined by considering the amount of Ethereum in his stake, if the minimum amount of that amount is 32 Ethereum, they are deposited into a special smart contract based on the Ethereum 1.0 blockchain, with double the stake to the limit of 64 Ethereum. less, and therefore the weight of their vote is greater.

Applying that rule, random committees of block validators are chosen to indicate the most of them, so that they get block rewards, which can become transaction fees, since the quota system is not like block mining here. There is no reward for that.

Application Features Casper

The first advantage we talked about in the description of Ethereum Casper is that it made the quota system practical, because the pos models that depend on it require less resources compared to pou-based systems that require more resources, so relying entirely on pos models does not require mining to secure the blockchain.

There is another benefit related to security, because Casper is used as an identifier for block chains in its working mechanism, and therefore it acts as a record for the Ethereum 2.0 ledger and, on the other hand, Casper is supposed to provide. Ethereum has a high degree of decentralization.. so the reasons for the need for an application like Casper on can be explained as follows:

• Convert to POS
• Scalability
• Financial security
• High energy efficiency
• Decentralization

Also See: Ethereum GAS Fees Increase After Hard Fork Update

How to save Casper FFG Provide certainty?

In the description of Ethereum Casper we mention that we can provide more certainty regarding proof of work due to the following reasons:

• There is absolute economic certainty that the bloc will reach a final consensus.
• If the network consists of 3 people, and two of them put their edge to the conclusion and the other puts his edge to the opposite conclusion, there is a possibility of loss which makes conspiracy and malice impossible.
• Although there is a final weakness, there is another scheme to deal with accidents, especially in the case of double certainty which allows users to choose the series they want and the series that gets the most votes is important.

Disadvantages of Casper App

Casper applications are still in the development stage, and the efficiency and guarantee of the application in terms of providing the necessary security has not yet been achieved, there are many modifications required until its first version is run and its effectiveness is confirmed.

Theoretically, Casper is still hampered in forming blocks when the validation system in Ethereum is prone to corruption and still unable to resist 51% attacks in addition to the lack of official specifications to clarify the application fork. A rule to combat this attack.

How Casper differs from protocols pos Other?

Complementing the description of Ethereum Casper, we mention that it performs some operations that make the presence of malicious elements difficult to establish a stake, but it works according to the following:

• A block tester bets on a certain percentage of Ethereum that he owns.
• The validator starts checking the block.
• When adding a block to the chain the reward is proportional to the bet.
• Casper is designed to run on a Byzantine fault tolerant trust system.

See also: Massive use of Ethereum and the OpenSea platform

the future Ethereum Casper

Not only to test Casper, but also provide improvement and security development if the client tokens are updated, although it is not ready for widespread use, it is still in continuous development, maybe if Casper runs successfully, the currency will be digital transformation, which makes Casper bring many wonderful possibilities.

Ethereum is clearly moving towards a storage system to secure the blockchain rather than mining, with Casper facilitating that goal by creating blocks.