Casper Network (CSPR) is a Layer 1 network designed for enterprise-grade solutions while keeping a decentralised and scalable ecosystem.
It uses a Proof of Stake (PoS) consensus mechanism and incorporates features tailored to institutional and enterprise needs. The network achieves scalability through sharding, which processes transactions in parallel, minimising bottlenecks.
Casper supports upgradable smart contracts that allow developers to modify and improve contracts to future-proof their applications. The platform is enterprise-focused, providing options for public, permissioned and private network iterations to meet various confidentiality requirements.
The CSPR token is used for staking, allowing validators to participate in consensus and earn rewards while also covering transaction fees and smart contract execution. CSPR token holders can vote on network proposals or submit some of their own ideas.