Things You Need to Know About Cartesi (CTSI)

The blockchain industry has opened a lot of opportunities for app developers and consumers. The developers can now build play-to-earn games or lending and borrowing platforms with the help of smart contracts. These programs are designed to run automatically. It means the involvement of third parties is eliminated with these smart contracts. In this article, we will discuss what is Cartesi (CTSI), how Cartesi works and many more details about it.

The blockchain industry hasn’t yet achieved its true potential. And the programming language is the biggest barrier that is causing this problem. Ethereum is the leading platform that supports smart contracts. And the developers need to learn Solidity programming language to deploy a program on this network.

Thanks to the next-generation blockchain projects that are trying to simplify the process while harnessing the power of the blockchain. Cartesi is one such network that uses the mainstream language Linux for building DApps.

What is Cartesi (CTSI)?

Cartesi is a layer-2 scaling solution that allows developers to build decentralized applications using a Linux programming environment. The project is primarily designed to fill the gap between smart contracts and mainstream software. It supports the faster expansion of web3 by allowing developers to build decentralized apps more quickly.

The best part is that the protocol isn’t just limited to Ethereum but it can also be used on other blockchain networks including Injective Protocol and more. It offers a flexible environment for dapp developers with its hybrid nature.

Cartesi Important Features

High Scalability – Cartesi offers a highly scalable environment with its Descrates software development kit without having to compromise on decentralization. The platform incorporates off-chain rollups to perform immense computational scalability.

Portability – Thanks to its off-chain functionality, Cartesi can run on most major chains including Ethereum, Injective Protocol, Binance Smart Chain (BSC), and Matic.

Mainstream Programmability – Cartesi supports mainstream software solutions for DApps and smart contracts.

Privacy – Cartesi offers a unique privacy feature for users who want to Conceal their private data.

Cartesi Brief History

Cartesi was introduced by Erik de Moura (CEO), Colin Steil (COO), Diego Nehab (CTO), and Augusto Teixeira (CSO) in 2018. The founders had extensive experience in the software development and startup space. It was initially introduced as a trustless artificial intelligence marketplace. But it eventually evolved into a layer 2 protocol dedicated to solving the infrastructure limitations and blockchain scalability.

Cartesi team raised around $1.5 million by selling 100 CTSI tokens during an initial coin offering. ICONIUM, Taiwan Startup Stadium, Artesian VC, Bigbang Angels, and SOSV are some of the leading names that invested in this project. Teixeira also managed to raise funds from an IOTA co-founder after several rounds of discussion.

Currently, the founders are responsible for the decision-making. But the team is working on transferring the governance rights to the community members over time.

How Does Cartesi Work?

Cartesi is a layer-2 protocol that allows developers to build DApps and smart contracts independently. The Linux platform enables developers to perform intensive computations that can’t be performed on traditional blockchain protocols. The developers can also access all the tools that are developed for Linux over time.

Cartesi Virtual Machine – Cartesi enables developers to build decentralized applications in well-known computer programming languages by providing a Linux environment. The virtual machine sends results to the public ledger after implementing DApp calculations.

Noether Side Chain – Cartesi uses Noether side chain for off-chain data storage. It helps with reducing gas fees while offering better storage management. However, the side chain only stores data for the short term and the data is removed once it’s transferred to the main chain. Thus, Cartesi offers more efficient solutions than other smart contract processors.

Optimistic Rollups – The platform is dedicated to achieving higher scalability with its Optimistic rollups. The Optimistic rollups reduce additional pressure from the main blockchain by performing all heavy computations off-chain. Thus, it can help with building better solutions compared to the ones that are already running on Ethereum Virtual Machine (EVM).

Descartes SDK – Descartes SDK provides an affordable solution for running expensive computations. Descartes SDK eliminates the transaction fees by allowing DApp participants to verify computations off-chain. However, the transaction costs are incurred when the participants don’t agree with the results.

DApps – Cartesi is designed to provide blockchain solutions that are similar to traditional platforms. Like traditional web applications, Cartesi DApps consist of the front-end and back-end. The logic is performed on the Cartesi rollup infrastructure whereas the front end provides a user-friendly interface.

Cartesi Use Cases

Many developers have used the Cartesi network to build highly immersive applications because it bridges the gap between blockchain and mainstream software development.

NFTs – SimThunder is a decentralized marketplace that allows eSports fans to trade RiMS and other digital assets. There are certain car models and car parts that are available in the form of NFTs.

Game Development – Creepts is a decentralized game built on this network. It enables players to compete against each other to eliminate others.

Data Management – Carti is a data management program that enables developers to store their data in a secure manner. They can allow other developers to reuse their work.

Cartesi Tokenomics

CTSI is the native token of Cartesi network that is used to pay transaction fees. With a circulating supply of 736.9 million tokens, CTSI has a market cap of $137 million. It has a total supply of 1 billion tokens that will be released over time. CTSI ranks among the 200 best cryptocurrencies in terms of market cap.

Conclusion

Cartesi (CTSI) is an innovative blockchain project that utilizes the Linux programming environment to bridge the gap between smart contracts and mainstream software. With features like scalability, portability, mainstream programmability, and privacy, Cartesi offers developers a flexible platform for building decentralized applications.

Its layer-2 protocol, optimized rollups, and Descartes SDK contribute to higher scalability and cost-effectiveness. With diverse use cases and a growing market cap, Cartesi has the potential to revolutionize blockchain technology and drive widespread adoption in various industries.

Feel free to get in touch with us if you need more information about how Cartesi works. We also invite you to subscribe to our weekly newsletter if you need regular updates about Bitcoin and the crypto market.