Will new CasperLabs token take a bite out of high gas fees? (ft. Medha Parlikar)
CasperLabs, a new layer-1 smart contract network that recently joined China’s nationwide blockchain network, announced today that its CSPR token will be open for sale from March 23 to 26 to “accredited investors.” Casper network is an enterprise-focused layer-1 proof-of-stake blockchain protocol aiming to solve the issues of scalability, security and decentralization that have plagued other smart contract blockchains such as Ethereum. Although Ethereum has launched Ethereum 2.0 in hopes of solving some of these problems, users still complain about Ethereum’s high transaction fees — also known as “gas fees.” Ethereum’s gas fee issues could worsen with the growth of decentralized finance (DeFi) and non-fungible tokens (NFTs), most of which continue to rely on Ethereum.