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Cartesi (CTSI) is a next-gen smart contract programming system, sidechain, and cryptocurrency. The project incorporates a variety of new technology with the goal to bridge the gap between Linux's flexibility and blockchain's security. In this way, Cartesi is designed to support next-level Dapps by providing access to massive processing power and industrial-grade programmability.
What Problems Does Cartesi (CTSI) Solve?
Cartesi (CTSI) seeks to provide developers with a more streamlined approach. The network has gone to great lengths to remove all technical barriers to adoption. Users can create a vast array of decentralized applications to suit their needs using the dashboard. The system also supports the integration of all top DeFi features and services.
One of the main issues that Cartesi tackles head-on is blockchain programming limitations. Every blockchain has some form of limitation that is due to its technical structure. Using Cartesi, developers can combine existing components to build improved blockchain applications. Specifically, developers can build and monitor smart contracts with mainstream software stacks.
Notably, enabling developers to build Dapps on popular software stacks such as the Linux OS introduces many advantages. For one, programmers gain access to thousands of open-source software components available for these languages. Additionally, they can use these stacks to build their Dapps on their favorite blockchain, or even across multiple networks. In this way, blockchain applications can be coded with ease.
Scalability was a prime concern for the developers. Cartesi improves on the scalability limits of Ethereum. The protocol enables a high TPS rate that exceeds mainstream payment platforms such as VISA. Specifically, Cartesi introduces million-fold computational scalability to the equation. The protocol can handle data and large files without bogging down, unlike most blockchains. It can also execute massive computational tasks off-chain via the Linux virtual machine (LVM).
Benefits of Cartesi (CTSI)
Cartesi is a centralized sidechain development system. The network leverages blockchain technology to ensure that your applications execute in a responsive and secure manner. Here are some of the other top benefits gained when you join the network.
One of the main advantages of Cartesi is its ability to circumvent Gas fees. Currently, Ethereum has record-high fees due to network congestion. The problem with early PoW cryptocurrencies is that they are designed to increase their fees during congestion. Originally, this strategy was meant to limit spam posts. However, no one predicted the explosion of DeFi on the Ethereum blockchain.
Cartesi users enjoy low transaction costs as large portions of transactions can be conducted off-chain. The Linux Virtual Machine enables developers to take the most expensive computational requirements of their applications and shift them to a more affordable sidechain network. This data is then sent back to the blockchain to ensure full consensus is reached.
One of the main advantages of Cartesi is its ability to leverage the security aspects of various blockchains. For example, Ethereum has high gas fees at this time, but it's the second-largest blockchain in the world. As such, a developer could create a Dapp that only utilizes Ethereum to ensure all transactions remain verifiable and enforceable on-chain. As part of this strategy, Validators are incentivized to provide crucial security to the network.
Cartesi provides developers with more privacy options than traditional networks. Developers can keep all sensitive data safely stored in an encrypted manner. The added privacy services enable developers to provide more functionality to the market.
Cartesi was built with interoperability in mind. The network continues to expand its ecosystem. Currently, Cartesi supports +20 wallets and exchanges. Users also enjoy a smoother investment experience as the platform also integrates some of the top tracking platforms such as Blockfolio.
How Does Cartesi (CTSI) Work
Cartesi combines a proprietary sidechain and other top-notch blockchain features to expand Dapp development in multiple ways. The protocol provides a Linux runtime environment for scalable blockchain Dapp development. As Linux is well-established in the market, more developers can venture into the blockchain sector without the need to learn new programming languages.
The Cartesi Machine
At the core of Cartesi is the Cartesi Virtual Machine (CVM). This protocol operates as a self-contained custom VM designed to integrate seamlessly into the market's top blockchains. This strategy enables Cartesi developers to retain verifiability and achieve consensus across multiple networks.
Another vital component of the Cartesi network is Descartes. Descartes operates as off-chain sensors known as oracles. Unlike traditional oracles, which often create points of centralized, Descartes functions as a decentralized computational oracle network. this strategy ensures that oracle data is accurate.
Noether is the network's purpose-built side chain. This system was designed to hold data temporarily to alleviate congestion. Specifically, Noether is capable of storage, garbage collection, sharding, off-chain emulated computations, and localized consensus. Its off-chain structure enables near-infinite storage capabilities.
The Noether sidechain utilizes a hybrid Proof-of-Stake consensus mechanism to ensure validity. This system is optimized to work with the core technology of the Cartesi Machines. Proof-of-Stake (PoS) consensus systems provide more scalability than their PoW counterparts. Additionally, they enable regular users to earn passive rewards for securing the network.
Cartesi (CTSI) – Staking
When you stake on Cartesi you earn a portion of the mining rewards. The platform has already paid out $82.41 million in staking rewards since it entered the market. These figures are set to rise as more users join the platform.
Cartesi (CTSI) – Mining
Uniquely, Cartesi also offers mining options to users. Mining on the network is conducted by nodes who receive rewards for their participation. The rewards get distributed only to the Cartesi Nodes randomly selected by Cartesi Network's PoS algorithm used by the Data Ledger.
CTSI is the main utility token of the network. Interestingly, the platform enables users to purchase this token directly via fiat currency. Additionally, users can trade CTSI on an excellent selection of exchanges including Uniswap. The token can function as a cryptocurrency as well. Anyone can transfer value globally in seconds utilizing this network.
The CTSI Foundation is tasked with furthering the platform's adoption and ecosystem. This non-profit provides funding and other resources to Cartesi developers with the goal to expand the network's reach.
History of Cartesi (CTSI)
Cartesi (CTSI) was founded by Augusto Teixeira, Colin Steil, Diego Nehab, Erick de Moura, and Marco Mirabella. The platform entered the market in 2018 and is based out of Singapore. Notably, Cartesi has expanded its ecosystem consistently since its launch.
How to Buy Cartesi (CTSI)
We recommend the following exchanges to purchase Cartesi (CTSI):
Uphold – This is one of the top exchanges for United States & UK residents that offers a wide range of cryptocurrencies. Germany & Netherlands are prohibited.
Kraken – Founded in 2011, Kraken is one of the most trusted names in the industry with over 9,000,000 users, and over $207 billion in quarterly trading volume.
Uphold Disclaimer: Assets available on Uphold are subject to region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.
WazirX – This exchange is part of the Binance Group, which ensures a high standard of quality. It is the best exchange for residents of India.
Cartesi (CTSI) – A New Era of Dapp Development is Here
Today, Cartesi provides the blockchain sector with much-needed relief. The technical aspects of the protocol provide a viable alternative to high fees and other technical limitations which have hindered large-scale adoption. As such, you can expect to hear a lot more from this project in the coming weeks as more developers learn of its benefits.
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