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Ethereum (ETH) competitor surges more than 33% this week while most of the cryptocurrency market remains stagnant.
Casper Network (CSPR) is a proof-of-stake Layer 1 blockchain aimed at enabling smart contracts and decentralized apps (DApps) at global scale.
The project’s native token, CSPR, is trading at $0.047958 at the time of writing, up from $0.035885 a week ago. Low-cap altcoins are also up more than 4% over the past 24 hours.
Earlier this month, CasperLabs, the blockchain software and services company behind the network, released CEP-78, an enterprise-grade non-fungibility (NFT) standard for Casper blockchain.
The new NFT standard is designed to maintain upgradability of tokens once an organization is deployed. press release announced the launch.
CasperLabs officials also layout Plans to upgrade Casper’s consensus protocol to “Casper 2.0” in Q1 2023.
CasperLabs Chief Technology Officer Medha Parlikar said:
Casper is the only blockchain that allows upgradeable smart contracts. Casper 2.0 introduces a more powerful feature set where everything in Casper is a contract. (e.g., transaction payments and stakes in the network), which will allow for a more user-friendly user experience and make onboarding the next million users to the blockchain much easier. increase.”
CSPR is the 85th largest crypto by market cap. It is down more than 96% from the all-time high of $1.33 reached on May 12, 2021.
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