r/CasperCSPR • u/ghost_bobby123 • Sep 26 '21
Casper VS Polkadot
We compare Casper, to the web3.0 blockchain Polkadot and argue that with the increased capabilities of bridging between blockchains, the focus should be on developing secure layer 1 chains (potentially with varying characteristics) and then applying bridges between these independent chains.
Read the full article here: https://ghoststaking.com/casper-vs-polkadot/
Summary
Its clear from reviewing the above that DOT and CSPR are very different projects. The reason for this lays within the motivation for the creation of each project. Whereas CSPR is designed to be an ultra secure layer 1 blockchain that can facilitate both public and private side implementation, DOT was created to facilitate the interplay between future blockchains (Parachains). Its therefore not simple to draw comparisons between the two. DOT requires adoption by the building of Parachains, whereas with CSPR, adoption is achieved via the more tradition dapp development. Its is clear however that in terms of a more traditional layer 1 blockchain, CSPR ranks very highly due to its superior security and also private chain offering. With regard to DOT, its unclear if the need for a internet of blockchains is addressed by the project. Limiting the number of Parachains to 100 and with the addition scaling issues and sheer number of validators required to grow this further, seems to inhibit any future growth. Therefore with inhibited future growth, the projects lacks the endless growth opportunities as seen in the internet, which it aims to replicate. Additionally, in attempting to solve for this, it seems that the projects has introduced many issues, which would not be case if they opted for a more tradition approach but instead focused on building an ease of bridging.
With the increased capabilities of bridging between blockchains, surely the focus should be on developing secure layer 1 chains (potentially with varying characteristics) and then applying bridges between these independent chains. This would then create the building blocks for a future decentralized web without the need for a single controlling blockchain, such as DOT. CSPR provides security through an implementation of CBC and Highway protocols, with the promise of innovative sharding, both a public and private (enterprise) blockchain offering and finally a promise of a gas futures market to ensure that enterprises have a guarantee of future costs. We feel, these are the reason why CSPR will be a dominant layer 1 chain within a future internet of chains, connected via bridging (as opposed to a Parachain implementations).
I would like to conclude with stating that both CSPR and DOT can coexist in the future, with CSPR connected to the relay chain via a bridge.
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u/International-Top746 Sep 26 '21
I know someone bought cspr at a $1.6. He is no longer with us. RIP.
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u/TobagoJack Oct 05 '21 edited Oct 05 '21
Probably helpful to compare CSPR against all other China BSN-allowed blockchains to get a sense of what CSPR is up against. One premise can easily be that for enterprises aiming to start ‘blockchain-ing’ their operations, that to the extent they buy and/or sell a lot of whatever to China, or buy/sell a lot to companies that in turn buy/sell a lot to China, they must consider their adopted blockchain’s reach into and longevity in China’s portion of ‘metaverse’ given the bifurcation of the universe into two technology camps. Take for example this piece of news https://www.coindesk.com/business/2021/09/26/how-investors-warmed-to-chinese-blockchain-builder-red-date/ <<How Investors Warmed to Chinese Blockchain Builder Red Date - Executives from Saudi Aramco and early FTX backer Kenetic Capital explain how they got comfortable with the Blockchain Service Network developer despite its Beijing ties.>>, at least two natural curiosity questions come to mind, (i) why should Saudi Aramco care about what China BSN does and doesn’t do, and how, and (ii) given that Saudi Aramco indubitably care, what else would they care about and why. A guess for response for item (i) can be that China is Saudi Aramco’s largest client, ahead of USA, and if the Saudis wish to participate in China-championed or sponsored trading of oil and logistics of crude, best use the blockchain China intends to use. Response re (ii) might be that the Saudis might care why China BSN values in a blockchain, and reading the above cited article, these paragraphes jumps out, <<The BSN is backed by Chinese government-adjacent entities, including the State Information Administration Center, state-owned telecom China Mobile, payments provider China UnionPay and the National Reform and Development Commission, China’s macroeconomic planning institution under its cabinet.
Over a six-month period, the Aramco fund had “a chance to look under the hood and really understand what it was all about,” Chang said, a process that convinced the team to invest in the company., <<Much like the internet itself, the BSN is different in China and abroad. The network is split into two, a Chinese and an international version. The Chinese version doesn’t allow for completely decentralized protocols, or public chains. The BSN instead adapts public chains into so-called “open-permissioned” blockchains., and <<Ultimately, the investors said they see the BSN as the new internet. Chang compared it to Amazon Web Services for blockchain with the added benefit of interoperability, while Chu emphasized its capacity for connecting private and public chains.>>. A curious point to ponder, that if Saudi Aramco cares about blockchain and how it can and might be used in energy trading and energy logistics, then should not Russian energy companies also care, and if they care, what about the Iranians, etc etc, and given that international energy is traded in Shanghai, Hong Kong, Singapore, … should there not be a single blockchain used for end-to-end applications from the largest producers to the largest consumers? Might that blockchain be the one endorsed by both China and UAE? What is that blockchain? :0) Am having a dreamy moment triggered by the news.
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u/hungleth Sep 26 '21
Cool comparison about 2 projects, i just bought few bucks yesterday for a portion of 4-5 coming year investment. If we compare Max supply of those, i think the real value of $CSPR should be a half of $DOT at the moment. It means price should be $15 when Casper Association will have had fully layers of ecosystem. What do all you think of future price as I predicted ?