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The First Version of Ethereum’s Casper Update Has Been Published

A new version of the code of Casper, an improvement to the Ethereum’s network economic consensus protocol, has been published by developers on May 8.

On Tuesday, Danny Ryan, the developer of Casper the Friendly Finality Gadget (FFG), posted a Casper v0.1 named “first release’ of the code to GitHub on Tuesday, revealing that “v0.10 marks us  more clearly tagging releases to enable external auditors and clients to track the contract changes easily.”

“The research team is currently using the contract now for – developers, clients, and auditors. On that note, we wanted to begin issuing more clear versions and changelogs to make everyone to stay organized.”  Danny replied to a Reddit Post when referring to the upgrade.

Casper FFG was first published in 2017, with the main purpose of offering a solution for “open questions of economic finality via crypto-economic incentives and validator deposits.”

The Ethereum  Improvement Proposal (EIP) #1011 was in late April unveiled with a goal to create a hybrid system of consensus that seeks to thrust way the Network from those issues relating to digital currency mining.

It is reported that FFG will integrate Proof-of –Stake (PoS) and Proof-of-work consensus with an aim to finally transition to PoS.   The Ethereum Improvement Proposal (EIP) confirms that the main specification of the update is to reduce the reward for miners from 3 ETH to 0.6 ETH.

Vitalik Buterin, the co-founder of Ethereum, commented on the Casper upgrade during a conference in Toronto terming it “one of the most exciting experiences in Ethereum’s platform over a short period.”

 

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