The chief Ethereum developer joins CasperLabs. Is CasperLabs ready to compete with Ethereum?

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After months of speculation, it has now been confirmed that the main developer of Ethereum, Vlad Zamfir will join the CasperLabs in a paid role to start working on a separate blockchain protocol.

CasperLabs, based in New York, is an R & D start-up that is building a new decentralized blockchain Proof of Stake. Zamfir said this week in a statement:

"I believe that decentralized, scalable and secure public consensual" proof of participation "protocols that are much more usable and secure than existing blockchains are possible, and will eventually make the consensus on mines and the Nakamoto Treaty obsolete. However, I do not know if the Bitcoin and Ethereum blockchain communities will be able to upgrade their protocols. "

This led him to accept the role of lead architect of the consensus protocol at CasperLabs, but he will also continue his work on governance and issue validation with Ethereum.

Conflict of interest? So be like that!

CasperLabs takes its name from the protocol called Casper itself that was proposed for Ethereum by Zamfir in August 2015. The startup is Ethereum competitor offering a more powerful PoS technology and mbad scalability.

On Friday night in Manhattan, Zamfir clarified its conflicting role in CasperLabs and the Ethereum Foundation. Zamfir replied to Decrypt Media: "I think so. I have many conflicts of interest. He then added that it was his research, not the loyalty that CasperLabs was buying.

In a press release issued Friday morning, Zamfir also praised the work of the start-up and added that he hoped it would put pressure on Ethereum for it to adopt the technology.

"I'm delighted that CasperLabs is interested in implementing a solution evolutionary blockchain protocol from the CBC Casper family of protocols, and hope that their efforts will be successful and will put pressure on other projects (like Ethereum) to adopt the technology. I am very grateful for the support of CasperLabs in my research and look forward to working with them to make this a reality. "

The CasperLabs development team is led by Managing Director Medha Parlikar and Michael Birch, developer of Lead Casper, who "[Casper CBC] promises to resize the blockchain without sacrificing decentralization … By removing the mining activities required by traditional proof of work protocols, it will be more efficient and ecologically and economically secure than what already existed [blockchain] systems. "

The start-up, which believes it has a long lead on Zamfir from the Ethereum Foundation on the PoS model, has received $ 20 million from Mike Novogratz's Galaxy Digital and is funded by ADAPtive Holdings Ltd.