Share this article
Ethereum Startup Parity Adds Casper Code to Custom Blockchain Toolbox
Parity Technologies has added an early version of ethereum's hotly anticipated Casper code change to its blockchain development platform, Substrate.
Updated Sep 13, 2021, 8:26 a.m. Published Oct 1, 2018, 3:30 p.m.
Make us preferred on Google
Parity Technologies has added an early version of ethereum's hotly anticipated Casper code change to its blockchain development platform, Substrate.
Released on GitHub yesterday, the code more specifically contains a mechanism to transition to the "Shasper" upgrade, that combines the platform's in-house scaling solution, sharding, alongside its proof-of-stake consensus switch, Casper.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"Shasper is combination of Casper and sharding. Once it lands, we should see vast improvements in terms of ethereum's transaction throughput," Wei Tang, the developer leading the Parity integration, told CoinDesk.
Continuing, Wei described the Substrate implementation as a "basic skeleton" that has yet to undergo testing, but added that interested parties can already run the codebase. Once more additions have been made to the software, in particular, the rules surrounding block creation, Wei said a shared Shasper test network can follow.
Still, the developer described this as "only be the first step," telling CoinDesk: "To really make Shasper work, there are still a lot of specification research work, as well as implementation work to be done."
Regarding today's release, he said:
"On one hand, we show that Substrate is a general framework that works for many different blockchains. On the other hand, we can hopefully provide more inputs for the Shasper specification, and speed up its development."
Authored by ethereum co-founder and Parity founder Gavin Wood, Substrate is a modular blockchain development framework aimed to enable projects to build custom blockchains. Substrate offers simplified tooling to implement the Shasper change, compared to the ethereum network itself, according to Wei.
"Shasper's block definitions have changed vastly – nearly everything's different, including block definitions, hashing algorithms, encodings, etc," Wei told CoinDesk.
While this creates a host of implementation challenges for ethereum, he said:
"[Substrate] tries to define a general framework for blockchains. It works for Shasper."
Plastic bricks image via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Paxos' gold token rakes in record inflows as crypto investors turn to the yellow metal
Tokenized gold has improved the traditional store of value metal's utility, while bitcoin trades like a risk asset amid uncertain times, one expert noted.
What to know:
- Paxos Gold (PAXG) posted a record inflow of $248 million in January, boosting its market cap to $2.2 billion.
- The tokenized gold market crossed $5.5B as investors seek stable value amid crypto stagnation.
- The moves occurred as gold prices surged to new records above $5,300.
Top Stories
