Thread by @theXfrontier

$CSPR 👻📚🧵From A-Z
Easy to digest, high level overview of $CSPR for newcomers.

We'll look at:
✅Consensus Mechanism
✅Unique features & security
✅The VM
✅Tokenomics
✅Wallets
✅Staking
✅Ecosystem
✅Partnerships
✅Use Cases

Ill be as concise as possible. Let's begin. twitter.com/i/web/status/1…

What is the Casper Network👻🌐?
A decentralized, proof of stake, smart contract, & enterprise grade blockchain

What is their mission?
To build a network that is highly scalable, secure, & decentralized for everyone🌎

Full vid on mission 👇🏽:

✅ $CSPR's underlying consensus mechanism known as "Highway" was built in collaboration with Ethereum developers around early CBC Casper research.

$ETH is developing their CBC Casper

As of now, $CSPR is the 1st & only provably live CBC Casper protocol
rb.gy/ss0im

Highway offers two key features:

1) Finality- Casper offers flexibility in how nodes reach consensus as well as higher degrees of finality.
2) Liveness- guarantees that a network will continue to send/receive messages.

For more in depth explanation👇🏽

https://twitter.com/theXfrontier/status/1609241246622683137?s=20

$CSPR will be upgrading their consensus mechanism in Casper 2.0 in just a little over 2 years after its launch.

This new protocol is named "Zug" and will greatly reduce overhead, increase network speed with a target of 4 second block times.
arxiv.org/abs/2205.06314

Now, features, but first here is quick overview of the difference between $ETH and $CSPR.

Note: $ETH will roll out is its version of a pure CBC Casper & #WebAssembly in version 3.0.

These are 2 core features of $CSPR. This is why you'll hear $CSPR be coined as ETH 3.0

✅unique features of $CSPR include:

📌WASM & Developer friendly
📌Upgradeability & Modular architecture
📌Governance & Access Control Account Model
📌Security
📌Professional Services

A cocktail recipe for adoption outside of our blockchain siloed world🔗🌐

📌#WebAssembly is a language-agnostic bytecode sandbox.

It was developed by the #W3C in 2018 and is IEE certified.

It can support many languages, therefore more programming language support on $CSPR

*Wasm itself isnt exclusive to $CSPR but its version is.

📌Upgradeability & Modular architecture- $CSPR was designed to be #futureproof. Some features it can easily upgrade include:

🔎 Consensus mechanism(Zug)
🔎 Smart contracts & NFTs
🔎 Key types(Quantum proof ready)
🔎 Virtual Machine

$CSPR evolves to what the future needs

📌Governance & Access Control Acct Model

$CSPR is the only blockchain to offer a robust Acct & governace model:

🔎Key Mgmt & key Recovery
🔎Multi-Sig & Weighted keys
🔎Access Control

These are key to Enterprises for regulatory and audit reasons 👇🏽

📌Security- $CSPR has been audited by @trailofbits

🔎The Network has never been down or hacked.
🔎Security has always been at the forefront
🔎They are SOC2-Type 1 compliant and will soon be Soc2-Type2.

See Tweet for a deeper explanation into SOC2👇🏽

https://twitter.com/theXfrontier/status/1614070487193382912?s=20

📌Professional Services:
@Casper_Labs offers Customized and Dedicated Software Services to clients of all sizes choosing $CSPR deployment.

They help remove the friction in the adoption phase.

casperlabs.io/professional-s…

✅The Virtual Machine is were smart contract code is ran.

$CSPR did not use the Ethereum Virtual Machine instead they chose to build it from scratch using WASM.

$ETH will transition to its version known as eWasm.

Want a deeper look at the $CSPR VM?👇🏽

✅ $CSPR Tokenomics
This seems to be a big concern for most folks, and rightfully so.

Here is a 🧵 on why the Tokenomics are not a huge issue for me.

https://twitter.com/theXfrontier/status/1607194589118738434?s=20

Tokenomics vids. Perhaps an updated one coming soon.

✅ $CSPR Wallets 🛡️
Keep in mind your region affects wallet availability. My wallets of choice:

@casper_wallet (Mobile version coming soon)
@casperdash_io (Mobile available)

github.com/CasperDash/cas…
static.casperwallet.io/halborn-audit-…

✅ Staking your $CSPR
Staking secures the network and rewards you in more $CSPR. Currently the APY is 10.64%

If you are a long term holder of any project, staking is a must IMO.

Want to learn how to stake your $CSPR? 👇🏽

✅ Casper Ecosystem
$CSPR dApp ecosystem is relatively smaller than most other blockchains.

You can head over to casperecosystem.io for an overview of the partners, exchanges, and projects building on $CSPR.

Use this as a starting point on your research📝

The $CSPR Accelerate Grant Program.

A $25M Grant program was created to exclusively support projects and developers building on the Casper Public Mainnet

📌300+ applicants since Nov 2022
📌Projects range from NFTs, Gaming, infrastructure 7 DeFi
casper.network/en-us/lp/accel…

✅Some notable $CSPR Partnerships:
It would be an extremely longer thread if I went into each partnership. A simple google search would suffice.

Good or bad, $CSPR was presenting alongside the #WEF at Davos only 1 year after its launch and became partner a year later.

✅Use Cases
For the sake of brevity I will only touch on a few, big use cases. Many still under NDA 45+ with Fortune 500 & 100 clients.

The $CSPR token is required to pay for computation(gas) of these txns and to secure the network.

📌ADVASA EWA🇺🇸
📌Nucleus Finance🏦
📌IPwe💡

📌ADVASA is a leading Earned Wage Access Fintech co. that has partnered with $CSPR to provide blockchain payroll solutions to employers in the US🇺🇸

ADVASA holds extensive & foundational Patents on EWA.

More info here 👇🏽

https://twitter.com/theXfrontier/status/1647079414872829953?s=20

Video 👉🏽rb.gy/33zoy

📌Nucleus Finance is a @Casper_Labs joint venture that is working with the @ActusResearch on tokenizing financial instruments.

#ACTUS standard is part of the ISO/TC 68/SC9. Massive for banking!
👇🏽

https://twitter.com/theXfrontier/status/1641892461420371969?s=20

Videos👉🏽rb.gy/zdkwk rb.gy/neutb

📌IPwe is partnered w/ $CSPR & @Hyperledger to tokenize illiquid assets: Patents💡

The @BCG estimates asset tokenization to reach $16T by 2030.
$7-10Bn in value will be minted on $CSPR
rb.gy/e6m9n
tiny.cc/lty7vz
Video @Kevin_Cage_ 👇🏽

📌How will this bring value to $CSPR?
$CSPR is required to pay for computation on chain.

CEO of $CSPR states that 1 single enterprise client can bring more txns than the entire $ETH network 🤯

These are the type of use cases the $CSPR team is after.

Patience as they build.

The goal of this🧵was not to be an exhaustive list of $CSPR but rather as a starting point to help you in your research.

If you enjoyed this info please consider sharing and liking.

Let me know what topics you think should have been covered👇🏽

Much love💙 & God Bless
-Raymond