Casper has been cited as part of the reason the Ethereum price broke through $1,000. Casper is the first step in moving Ethereum system from Proof-of-Work into Proof-of-Stake.The Casper upgrade is a hybrid model where PoW continues as normal but at every 50 blocks a PoS 'checkpoint’ is implemented.
Eventually, Ethereum will move to a complete PoS model. There are numerous benefits like reduced risk of centrallization, greater security and also energy efficiency. Anyways there are a lot of things to discuss about but we will keep it to this only.
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