Home CryptocurrencyBitcoin Casper Association launches $25 million grant to support developers on its blockchain

Casper Association launches $25 million grant to support developers on its blockchain

by SuperiorInvest

Scalable blockchain the Casper network he announced On November 23, the launch of its new Casper Accelerate grant program, created to support developers and innovators who create applications to support infrastructure, end-user applications and research innovation on its blockchain.

The Casper Network is an enterprise Proof-of-Stake (PoS) blockchain designed to help enterprises build private or permissioned applications aimed at accelerating business and adoption of blockchain technology. The network also boasts a solution to the “scalability trilemma” which revolves around “security, decentralization and high throughput”. It also features upgradeable smart contracts, relatively lower gas fees compared to other Layer 1 blockchains, and developer-friendly features that make it easier to evolve the protocol as businesses expand its use.

To complement the launch of its grant program, Casper said it is creating a new digital portal to support developers and innovators on the network with practical tools and code to help them build their products. The developer portal is expected to launch in the first quarter of 2023.

Related: zkSync developer Matter Labs raises $200 million, commits to open-source platform

Although this is a bear market, it seems that projects are still raising and investing funds to improve the web3 ecosystem and adopt blockchain technology. November 23 Cointelegraph reported that Onomy, an ecosystem based on the Cosmos blockchain, raised millions from investors to develop its new protocol; project trying to merge decentralized finance (DeFi) and the foreign exchange market.

On October 18 Celestia Foundation also announced that it has raised $55 million in funding to build a modular blockchain architecture to solve the challenges of blockchain deployment and scaling. The company said it intends to build an infrastructure that makes it easy for anyone with the technical know-how to deploy their own blockchain at minimal cost.

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