CasperLabs is a decentralized blockchain and smart contract platform that scales according to practical application needs, simplifying the experience for developers and end-users alike; it is a Layer 1 scaling solution. The mainnet will launch in Q1 2021, coinciding with the public sale of the native Casper token.

CasperLabs is committed to delivering the much-anticipated upgrade to the Casper protocol, focusing on achieving this upgrade as soon as possible, providing Vlad Zamfir, who led the CBC project on Ethereum, with a more focused new platform. The network relies on Proof of Stake (PoS) rather than computational power to achieve consensus and address scalability issues.

CasperLabs has a development team dedicated to accelerating PoS implementation. Vlad Zamfir has signed an intellectual property license agreement and letter of intent with CasperLabs.