Ethereum’s Casper protocol, initially pioneered by the researcher Vlad Zamfir, will now be imposed towards new solutions that are the answer to the problems of safety and network performance. Together, they will improve the overall network performance and security by transitioning to a proof-of-stake network as we are reading further in the Ethereum latest news.
The protocol was among the earliest innovations in the quest to solve the ‘nothing at stake’ dilemma which was considered as a major flaw of the Proof-of-stake consensus algorithm. The idea that anyone staking on the network could become a malicious actor because they have nothing to lose, has been an issue to the POS solutions since their inception.
By punishing the malicious actors, Ethereum’s Casper Protocol will incentivize accurate verification with much bigger profitability for the honest actors in the PoS network. With the release of CasperLabs Highway to the public via the open-source license, the specification will further offer refinements to ensure a safe and live network.
As we could read on the CasperLabs blog, the team went into technical detail about all of the offered solutions to the problems of ‘safety’ and ‘liveness.’ This means that the protocol is deemed safe if It turns out to make reliable decisions. One protocol is live if it continues to make decisions and it is guaranteed to keep doing this in the future. The new CasperLabs highway makes sure that this liveness and safety are present. It also detects safety and creates a strategy for the creation of protocol messages and proves the liveness of the protocol.
The team also detailed how the new specification will work including the levels of agreement using ‘’pseudorandom leader sequence’’ and a ‘’ dynamic round length system.’’ These rounds are dynamic which means they are not fixed in a linear sequence in time, making the process much more efficient. Using this highway metaphor, the blog explained the consensus process works such as cars moving from lane to lane rather than being stuck in one single lane.
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