Acuitas, Arrington XRP Capital Back $14.5 Million Series A for CasperLabs

Vlad Zamfir Web3 Foundation vid edited 860x430

CasperLabs, a startup building an open-source blockchain platform aimed to achieve scale without sacrificing decentralization, has raised $14.5 million in a Series A funding round.The round was led by financier Terren Piezer – known as the “Zelig of Wall Street” – via his personal holding company, Acuitas Group Holdings. Arrington XRP Capital, Consensus Capital, Axiom Holdings Group, Digital Strategies, MW Partners, Blockchange Ventures, Hashkey Capital, and Distributed Global also participated.CasperLabs said in an announcement on Tuesday that the new funds will be used to speed up product development and bring more engineers on board.The startup launched in February with Ethereum Foundation researcher Vlad Zamfir serving as lead consensus protocol architect. The project aims to build a new blockchain based on a version of proof-of-stake (PoS) consensus protocol – specifically Zamfir’s Correct-by-Construction (CBC) Casper PoS.The firm said it is working to solve the “‘trilemma’ of scale, decentralization, and security, but is…

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