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Ethereum 2.0: Casper Set to launch Testnet this year

On January 11, 2019, the third Blockchain Connect conference took place in San Francisco. The event was eagerly awaited by the Ethereum community at the end of the conference, Vitalik Buterin closed with a speech on the future of cryptocurrency.

Buterin is the co-founder of the third largest cryptocurrency (at the time of writing) and the CBC Casper (corrected for Casper construction) is a new asynchronous fault tolerant asynchronous consensus, mainly proposed by the research team Ethereum Vlad Zamfir. For those who do not know it, Casper is a verification system and in order to join, the certifier must take a certain percentage of Ethereum they possess so they will then have a margin of safety. If the verifier acts maliciously to reverse the block, you can send the evidence to confiscate the verifier's margin. I guess the crime pays … just not in the ordinary sense.

Second Hackernoon; Casper "Emphasize on the purpose". In essence, this means that the canonical chain, to which all users should pay attention, is not selected using the longest chain rule, but LMD GHOST (the last message driven by GHOST), which is modified according to Authorization algorithm GHOST.

If you compare this with the current version of FFG, Buterin has admitted that CBC Casper will have that extra elegance. You'll be able to use for any POS and at the same time improve scalability with effective means as well as being able to be implemented faster in Ethereum.

During the question and answer session, Buterin was asked about the specific implementation plan of Casper to which he replied with the official confirmation that if the development team is going to plan, the testnet will be launched this year.

In terms of development for Ethereum 2.0, Buterin has continued to share its vision for the future. The co-founder of Ethereum believes that thanks to the Beacon Chain, the second version will be able to manage the Casper protocol and perhaps even achieve sharding functions.

As for the performance of Ethereum at the moment, the token is currently the third largest cryptocurrency on the market and is priced at $ 121.68 after suffering a 2.50% decline in the last 24 hours at the time of writing.

What are your thoughts? Let us know what you think in the comments below!

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