Casper’s journey of continuous evolution and innovation takes another significant step forward with the Peregrine upgrade. This upgrade, marked by impactful enhancements, reinforces Casper’s commitment to delivering a faster, smarter, and more secure blockchain network. Building upon the solid foundation laid by version 1.5.3, the Peregrine upgrade introduces a host of new features while staying true to Casper’s core principles.
Discover more about: What is Casper Network?
Twice as Fast Transactions
One of the standout features of the Peregrine upgrade is the impressive reduction in block times from 32 to 16 seconds. This enhancement means transactions occur at twice the speed, making Casper’s network more efficient and responsive than ever before. Not only are transactions faster, but they are also more cost-effective, with gas costs reduced from 10,000 CSPR to 4,000 CSPR. Rigorous testing has ensured the seamless integration of this feature, promising smooth and reliable performance.
Cost-Effective Contract Operations
The Peregrine release optimizes contract operations by reducing the costs associated with control flow opcodes. This means that actions such as minting, installing, and transferring contracts are now more cost-effective, offering tangible benefits to developers and users alike. While new contracts automatically enjoy these savings, existing contracts can also reap the rewards by undergoing a straightforward upgrade process.
99% Refund for Unused Gas
In a move towards greater efficiency and fairness, the Peregrine upgrade introduces a refund mechanism for unspent funds in contract transactions. Under this policy, 99% of the unused gas in a transaction is refunded, reflecting a commitment to maximizing the value delivered to users while minimizing unnecessary costs.
Enhanced Contract Management
Contract authors will welcome the introduction of the ‘enable_contract_version’ FFI function, a new feature that empowers them to reactivate specific versions of their contracts even after they have been disabled. This flexibility enables developers to seamlessly switch between different versions as per their requirements, enhancing the agility and manageability of the Casper ecosystem.
NoSync Option
The addition of the NoSync option provides nodes on the Casper Network with greater flexibility in managing historical data synchronization. By opting out of participating in full historical data synchronization, nodes can focus on recent activity and transactions, conserving resources and streamlining operations. This feature caters to a variety of use cases, from lightweight applications to specialized endpoints, offering tailored solutions to diverse network requirements.
Simplified Queries
To further streamline development workflows, the Peregrine upgrade introduces enhancements to the state_get_account_info RPC method. Developers can now query account information using either public keys or account hashes, simplifying the process and improving usability.
Conclusion
The activation of the Peregrine upgrade represents a significant milestone in Casper’s journey towards realizing its vision for a high-performance blockchain network. With each feature carefully crafted to address the specific needs of its user base, Casper continues to set new standards for speed, efficiency, and usability. As the Mainnet activation goes live, stakeholders can look forward to unlocking the full potential of the Casper Network and embracing a future of decentralized innovation.
About OriginStake
Originstake is your professional and trusted validator that assists you in your staking activities. We provide full support services, a reward management dashboard, rewards sharing, and much more!
With Originstake, staking is safe, profitable, and extremely cost-effective!
