CasperLabs Hires ETH Researcher As Lead Consensus Protocol Architect

CasperLabs-the blockchain protocol research company officially appointed Ethereum Foundation researcher Vlad Zamfir as the lead consensus protocol architect according to crypto news media outlet Medium.

The blockchain protocol and development company is trying to develop a Casper PoS Ethereum consensus algorithm where the block creators are chosen randomly and the user’s wealth is taken into consideration but also the age of the assets and the network itself.

Vlad Zamfir stated back in 2017 that Ethereum is not safe and is immature and not scalable technology and people should not rely on it for crucial applications.

As previously reported, the co-founder of Ethereum, Vitalik Buterin, stated that the future blockchains with sharding based on the proof-of-stake algorithm will be ‘’thousand times more efficient.’’ According to him, the higher the efficiency, the newer decentralized applications (dApps) will become practical which will lead to the lowering down of the fees by a fraction of the current price.
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In the CasperLabs post in Medium, Vlad Zamifr stated that he truly believes the PoS consensus protocol is much more secure than any blockchain in current existence by adding:

 “However, I am not sure if the Bitcoin and Ethereum blockchain communities are going to be able to upgrade their protocols.”

According to a 2018 analysis, Casper is expected to solve critical issues such as excessive energy consumption and all of the issues that come out because of the equal access to mining hardware, pools centralization, and the ASICs market emergence. Besides sharding, the proof-of-stake algorithm is intended to be ETH’s on-chain effective scaling solution.