Cartesi crypto (CTSI) is a decentralized Layer-2 blockchain that facilitates the creation of dApps on multiple blockchains and seeks to address the high fees on blockchains.
What is Cartesi Crypto?
Even today’s most popular technologies have major problems. Blockchain technology, one of these popular technologies, is hampered by scalability and high transaction fees. Today, many projects are trying to solve these problems.
The Cartesi Crypto project offers a Linux-based infrastructure to solve on-chain and off-chain scalability problems. The platform’s infrastructure can be used on multiple blockchains and allows developers to create smart contracts.
History of Cartesi
Cartesi was co-founded in 2018 by Augusto Teixeira, Erick de Moura, Diego Nehab, and Colin Steil. Initially conceived as an artificial intelligence project, it evolved into a blockchain project with the help of IOTA founder Serguei Popov. The people behind the project have degrees in software, programming, and mathematics.
With the transformation into a blockchain-based project, an ICO sale totaling 1.5 million dollars was made in 2020. It has also raised investments from many leading investors.
How does Cartesi Crypto Work?
Cartesi allows developers to use Linux to create dapps. This is why it is described by users as the first blockchain operating system. The platform connects mainstream software with smart contracts. Also, developers have access to all the tools developed by Linux. This means that developers can take advantage of all the Linux functionalities while also taking advantage of the blockchain functionalities that Cartesi offers.
Cartesi Machine
Cartesi Machine, a product of the platform, is a virtual machine that can run on the Linux operating system, created to perform off-chain dApp calculations. Decentralized applications created on this machine have unlimited data processing capability. Developers who want to use the machine can use it by completing a few simple steps.
Cartesi Rollups
It is a Layer-2 system that enables smart contracts and dapps to be developed with frameworks in Linux. The Rollup feature provides scalability by moving the calculations in smart contracts and dapps off-chain. It can also be run together with the Cartesi machine. This gives a rollup of both Layer 1 and Layer 2 features.
Noether
Noether reduces the data burden caused by large amounts of data. It does this by transferring data off-chain. The reduced data load makes it easier for developers to use data from other blockchains. Once the required data has been used, it is deleted, creating a data void. This means that no unnecessary data is stored. All in all, users benefit from lower gas fees and highly efficient storage.
SDK
SDKs allow developers to use a simpler and cheaper infrastructure by getting rid of very expensive processes to run on other platforms. Platform SDKs eliminate transaction fees on dapps. It does this by moving transactions off-chain and verifications off-chain. Transactions that are not transferred off-chain, but made within the blockchain, resulting in participants not validating the transactions.
Cartesi Use Cases
Cartesi has been used by many developers so far with the products it offers within its ecosystem. Aiming to bring the scalability of software development to the blockchain, Cartesi can do the following:
- Game Development: With the help of Linux software, entirely decentralized games can be created on the platform. An example of this is the 2D strategy game Creepts..
- Commercial Systems: With the help of an incubation program, Cartesi has produced a system that aims to reduce carbon footprints. The system, called Creol Environments, is a commercial building control system.
- NFTs: An example of the use of NFT is the virtual marketplace called SimThunder. This marketplace was created for esports and racing fans. NFTs for the platform-supported racing game Rims are offered for sale on SimThunder. Digital assets are secured by Cartesi’s SDKs.
- Data Management: An example of data management is Carti, a decentralized package manager application. This application helps developers to reuse and share their data with other users.
Each of the above use cases was made with a focus on maximum scalability and decentralization.
CTSI Token
CTSI is a cryptocurrency that powers and benefits the Cartesi network and can be staked in accordance with the Proof-of-Stake consensus. The CTSI token is used for the collection of transactions made within the platform. The maximum supply is 1 billion, and the distribution is as follows;
- Foundation Reserve 40.22%
- Mining Reserve: 25%
- Team: 15%
- Binance Launchpad: 10%
- Private Round: 5%
- Advisors: 2.11%
- Seed Round: 2%
- Strategic Round: 0.67%
At the time of writing, the CTSI token is trading at $0.2342, down 9.44% in the last 24 hours, according to CoinMarketCap data.
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