Vlad Zamfir collaborates with CasperLabs to launch a new decentralized Proof of Stake blockchain based on CBC Casper Protocol
The esteemed industry researcher collaborates with CasperLabs as CBC Casper Lead Architect, focused on building a market leading protocol for performance, speed, and decentralization
NEW YORK, February 22, 2019 – CasperLabs, a Research & Development organization funded by ADAPtive Holdings Ltd., announces its collaboration with Vlad Zamfir, who is assuming the function of Lead Consensus Protocol Architect. Vlad is best known in the blockchain space for his work on Ethereum as a researcher in blockchain technology and blockchain governance, where his work will be ongoing.
Zamfir said “Blockchain technology has created an opportunity for protocol to solve problems that previously required more reliance on corporations and more trust in authority. The tech is still nascent, and it’s possible that protocols deployed today will not fulfill the promise of blockchain technology. I believe that decentralized, scalable, and secure public “proof-of-stake” consensus protocols that are much more usable and secure than existing blockchains are possible, and will eventually make mining and Nakamoto consensus obsolete. However, I am not sure if the Bitcoin and Ethereum blockchain communities are going to be able to upgrade their protocols.
I’m excited that CasperLabs has taken an interest in implementing a scalable blockchain protocol from the CBC Casper family of protocols, and hope that their efforts are both independently successful and put pressure on other projects (like Ethereum) to adopt the technology. I am very grateful for CasperLabs’ support of my research and look forward to working with them to see it become a reality.”
The technology overlays a correct by construction (CBC) consensus protocol with market and incentive design to guarantee the faithful execution of transactions. The tech promises to scale the blockchain without sacrificing decentralization through proof of stake consensus. By removing the mining required by traditional Proof of Work protocols, it will be more ecologically and economically efficient and secure than pre-existing systems. In today’s blockchain landscape, scalability is not the only challenge. Many blockchain infrastructures use novel programming languages, which forces developers to invest additional time to learn the language. CasperLabs has opted to use WebAssembly, a formally verified standard, which supports several existing and widely adopted programming languages.
The development team is led by CEO Medha Parlikar and Lead Casper Developer Michael Birch. Medha has decades of experience delivering production software at Adobe, Omniture, Avalara, MP3.com and DivX. They will be unveiling a proof-of-concept of the protocol on Friday in New York, at this Alchemist Blockchain Techstars Accelerator event.
Lead by co-founder and CEO of ADAPtive Holdings Mrinal Manohar, along with co-founder, Steven Nerayoff, who is most renowned for creating the legal architecture behind Ethereum’s token sale, CasperLabs will provide developers a much simpler way to create decentralized and secure public-facing programs and projects.
Manohar said “The goal of CasperLabs is to create a high-performance multi-threaded execution environment that can enable thousands of transactions per second, solving the enormous scaling issues common with existing protocols. Unlike other “gen 2.0 blockchains” this is delivered without sacrificing decentralization. This project can serve as a foundation for the birth of millions of decentralized businesses and applications and we believe it could provide the impetus that many large enterprises need to move towards distributed ledger technology.”
Zamfir, Manohar, Parlikar, Nerayoff and Birch, will be discussing the shared vision and plans for both the R&D work of CBC Casper and the CasperLabs protocol at the Alchemist Blockchain Techstars Accelerator event on Friday, February 22 at Rise New York (43 W 23rd Street, 2nd Floor, New York, NY 10010) at 3:00 PM EST.
For more information about the event, please visit here.
About ADAPtive Holdings Ltd.: ADAPtive Holdings Ltd. is the privately held parent company of Research & Development shop CasperLabs. The leadership team including CEO Mrinal Manohar, Chairman Steven Nerayoff, have been building blockchain technology projects and companies since 2012. The group have combined to launch CasperLabs in hopes of bringing mainstream and enterprise adoption of Proof of Stake blockchain technology.
CasperLabs is developing a fully decentralized, scalable, public blockchain designed for mass enterprise, developer, and consumer adoption. The team lead by CasperLabs CEO Medha Parlikar and Lead Casper Developer Michael Birch is developing a new open source blockchain project. The protocol uses CBC-Casper, a Correct by Construction, Proof of Stake consensus protocol that uses bonds and slashing (penalties) to secure the network. CasperLabs is sponsoring research done by top blockchain researcher, Vlad Zamfir, who is the Lead Architect of CBC Casper.
Alchemist Blockchain Techstars Accelerator:
Techstars, the worldwide network that helps entrepreneurs succeed, and blockchain advisory firm Alchemist, have partnered to launch The Alchemist Blockchain Techstars Accelerator. Techstars founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies. The accelerator will focus on the blockchain domain as it applies across industries, and on blockchain infrastructure and protocol development, cryptocurrencies, security, and distributed applications in finance, IoT, education, real estate, retail, insurance, energy, healthcare, and more.