Casper

• Casper is a proof-of-stake Layer 1 designed for enterprise use, with upgradeable smart contracts.

• Contracts can be modified after deployment, which suits business requirements but breaks immutability.

• CSPR is the network token.

• Inflationary supply funding validator rewards.

• Used for gas, staking and governance.

Pros:

• Upgradeable contracts address a genuine enterprise requirement that immutable chains cannot meet.

• Predictable gas pricing simplifies business cost planning.

• Enterprise focus rather than competing for DeFi activity.

Cons:

• Upgradeable contracts remove the immutability guarantee that makes smart contracts trustworthy to counterparties.

• Enterprise blockchain adoption has consistently underdelivered against projections.

• Limited developer ecosystem relative to comparable chains.

• Exposure to enterprise-oriented blockchain infrastructure.

• Upgradeability meets a requirement most chains ignore.

• Weigh that upgradeability is also a security tradeoff, not purely a feature.

• Smart contracts that can be upgraded after deployment, which enterprises require and immutable chains cannot provide.

• Businesses cannot deploy contracts they can never fix, since bugs and regulatory changes both require amendment.

• Upgradeability makes deployment viable, at the cost of counterparties trusting whoever holds upgrade rights.

• Founded by Mrinal Manohar and Medha Parlikar.

• Developed by CasperLabs with foundation governance.

• CSPR was sold through a public sale on CoinList in March 2021.

• Upgradeable contracts weaken the trust guarantee that defines smart contracts.

• Enterprise adoption has underdelivered relative to projections.

• Inflationary supply dilutes holders.

• Limited developer ecosystem.