Casper network is an L1 general-purpose blockchain similar to Ethereum. It is built on the consensus framework of Proof of Stake (PoS) based on Correct-By-Construction (CBC) specification. Casper is mainly targeting institutional and enterprise clients, helping them to adopt blockchain technology.
CSPR is the governance token of Casper Network.
The role of CSPR is as follow:
- Validators of the Casper Network will receive rewards in the form of CSPR.
- It is needed to pay for any transactions made in the Casper Network.
- It also served as a medium of exchange between network participants.
The token supply is not fixed but inflationary, designed to incentivize the ongoing security of the network.