CasperLabs has been building the Casper Network over the past years focused on onboarding enterprises to blockchain technology with their scalable Proof of Stake blockchain. They have been focused on a developer-first approach. We look forward to seeing the diverse universe of applications and services built on the Casper Network.
Frequently Asked Questions
Here are answers to some of the questions our community has asked us. Get in touch if there’s more you would like to know.
Casper Network is a Proof of Stake blockchain built using Casper CBC with a focus on accelerating enterprise adoption of blockchain technology. Casper Network’s mainnet launched in April 2021. To learn more, please see their whitepaper.
New blocks on Casper Network are proposed by validators. To enable Casper Network to run seamlessly, validators need the technical capabilities to offer a secure, always on infrastructure.
Not everyone is able to do this. Some token holders participate indirectly by delegating the tokens they have to a validator. Validators are running a service for delegators. They typically charge a fee to cover their operational costs.
By delegating CSPR, you help secure the network. You get part of the rewards provided by the protocol for this assistance. If you are planning to hold on to CSPR for some time, delegating will help you accumulate more CSPR while contributing to the health of the network.
You are not giving away ownership of CSPR by delegating. As a validator, stakefish will never have the ability to move your CSPR.
Casper Network penalizes any validator that double signs a block by slashing the staked amount on that validator. We have our own capital on the line, so we are fully incentivized to do our best to prevent such events. However, delegators must be aware that slashing risk will always exist.
We charge 8% from the block rewards received by our delegators. For example, if a delegator receives 100 CSPR as a reward, stakefish will receive 8 CSPR while the delegator will get 92 CSPR.
Undelegating (also called unbonding or unstaking) can be done anytime. However, it takes approximately 7 days for your CSPR to undelegate and become transferable.
If you have any questions about staking or our validator services, please do not hesitate to reach out to us. We are happy to talk with anyone and help navigate community members through this exciting new ecosystem.Get in Touch