- The main developer of Ethereum collaborates with the blockchain startup to work on the Casper solution.
- The ETH / USD may lose more = $ 120.00 once it has been eliminated.
The main developer of Casper Vlad Zamfir has signed a letter of intent with the research startup Casper Labs. The company plans to launch a scalable blockchain based on this protocol before being implemented on the Ethereum network.
Casper's solution must modify the Ethereum consent algorithm; therefore, once implemented, the network will change to Availability Test (PoS).
Casper Labs has raised venture capital funding and can now pay Zamfir's services for many years to come. Zamfir will not be officially employed by the company, even if it will become its main source of funding.
"Ethereum is a project that's already up and running, it's getting harder and harder to update this way – it's like changing a car engine when it's running, it's a lot more complicated." Vlad just wants the world to move on. proof of the stake, he is still very much in favor of Ethereum because he is working at Casper [the protocol]. But we have a development team that focuses exclusively on acceleration, "the managing director of Casper Labs, Mrinal Manohar, commented on in an interview with The Block.
In addition, all Zamfir's work will be open source, while the startup will have a public repository on GitHub.
However, Vlad Zamfir has no intention of leaving the Ethereum development team, which is his priority, despite some clickzit cryptographic titles.
"My number one priority is obviously my work on Ethereum … lol to encrypted journalism," he wrote in his Twitter account.
Meanwhile, Ethereum has recovered from significant support at $ 120.00. The currency has lost about 1% of its value from the beginning of Friday amid bearish sentiments on the cryptocurrency market. Once broken $ 120.00, the sell-off could continue towards the next target at $ 114.61 (currently, the lowest level of 2019).