CasperLabs raised $ 14 million in a token sale of the verification tool, which was attended by more than a dozen investors led by Digital Strategies. The company plans to launch its public network in the first quarter of 2021, followed by a symbolic public offering that excludes US investors.

In 2018, CasperLabs raised $ 14.5 million in a equity round of Serie A led by Terren Pieser. The original plan called for the Exchange Validator to be offered on BitMax, but it was not mentioned in the recent exchange announcement.

Casper started out as a solution to scale up Ethereum (ETH), but ultimately the decision was made to go ahead with building the blockchain platform for Proof of Stake using Turing-based smart contracts. Thus, what started as an Ethereum side venture could soon become one of the smart contract network’s main competitors.

Casper is proud to offer an easy-to-use blockchain for business users. A consensus protocol called Correct By Construction (CBC) was developed by former Ethereum researcher Vlad Zamfir. Like many of Ethereum’s competitors, it offers a solution to the popular blockchain triad: scalability, security, and decentralization; It is assumed that you can only have two out of three.

CasperLabs expects the Casper Delta Test Network, which will launch this month, to be its last test network before launching next year.

The blockchain space has seen a resurgence in compliance-focused token offerings lately, although nothing quite like the ICO craze of 2017 and 2018. For example, Emin Gün Sirers Avalanche raised $ 42 million in July.

Source: CoinTelegraph