The initial release of the Casper Challenge proof protocol upgrade from Ethereum developer, Vlad Zamfir, was published.
Published Tuesday, the code – following its presentation at the Devcon3 event in Cancun earlier this month – aims to fundamentally rework how blocks are created and propagated on the ethereum network. This is actually one of two simultaneous offers to develop code for Casper, the other arm being led by the creator of the Vitalik Buterin network.
The takeover of Casper by Zamfir comes several days after the publication of a white paper titled "Casper the Friendly Ghost".
The article focuses on "constructionally correct consensus protocols", seeking to simplify the way block strings reach consensus in a "partially synchronous network". In other words, it tries to reduce the overall complexity of the blockchain.
This approach differs from Buterin's own white papers on upgrading. Buterin had already published a three-part explanation of how his vision of Casper would work.
Although the publication of Zamfir's code may represent a small part of a larger effort, its publication signals a new phase of development that will bring etheum closer to the overhaul of the infrastructure that underpins the network.
As explained by CoinDesk, miners discover and add new blocks through the proof of work process, in the same way that Bitcoin works (with some ethereum-like differences, such as the discovery of "uncle" blocks.)
This energy-consuming process is competitive, pushing miners to buy energy-hungry graphics cards – a cycle that has led companies like AMD and Nivida to bring in significant revenue with renewed interest in the industry. Cryptocurrency extraction.
However, Casper, if and fully realized, aims to move away from this model completely. Nodes could exploit by essentially depositing funds – the "put" in the proof of the stake – and maintained in time, generating rewards when the node discovers each new block.
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