CasperLabs readies blockchain platform for 2021 mainnet launch with $14M private sale

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CasperLabs has raised $14 million in a non-public validator token sale, with over a dozen buyers taking part in a spherical led by Digital Methods. The corporate expects to launch its public mainnet within the first quarter of 2021, adopted by a public token providing which is able to exclude U.S. buyers. 

In 2018, CasperLabs raised $14.5 million in an equity Series A spherical led by Terren Piezer. The unique plan provisioned for an Exchange Validator Offering on the BitMax exchange, however the current announcement makes no point out of the trade.

Casper began out as a scaling resolution for Ethereum (ETH), however ultimately, the choice was taken to pivot toward building its own proof-of-stake blockchain platform with Turing-complete good contracts. Thus what began out as a complementary challenge to Ethereum could quickly show to be one of many dominant good contract community’s principal opponents. 

Casper prides itself on offering a user-friendly blockchain for enterprise customers. Its consensus protocol, called Correct By Construction (CBC), was designed by former Ethereum Foundation researcher Vlad Zamfir. Like many Ethereum opponents, it postulates an answer to the well-known blockchain trilemma: Scalability, Safety, Decentralization; the belief being you can have solely two out of three.

CasperLabs means that the Casper Delta testnet going reside this month shall be their closing testnet earlier than the launch subsequent yr.

There was a current revival of compliance-focused token choices within the blockchain house, though nothing resembling the ICO frenzy of 2017 and 2018. For example, Emin Gün Sirer’s Avalanche raised $42 million back in July.