The Cartesi network is a dedicated Layer 2 platform that provides scaling solutions that facilitate the all-around development of Defi apps across a series of blockchains. As the pioneering operating system on the blockchain, Cartesi, along with its layer-2 system is able to integrate a standard environment for programming with Linux to its network. As a result of this integration, developers are able to create scalable smart contracts using a collection of top-rated software tools, services, and libraries.
According to the team behind the creation of Cartesi, the system is aimed at bridging the gap that exists between blockchain technology and mainstream software. Thus bringing several startups across the world, along with their developers under an umbrella blockchain community where blockchain applications are delivered through the Linux operating system. The Cartesi system essentially incorporates optimistic roll-ups, side-chains, and a state-of-the-art virtual machine all aimed at revolutionizing the traditional way of creating blockchain applications.
Who are the Founders of Cartesi (CTSI)?
The Cartesi network was established by a team of professionals which consisted of Augusto Teixeira, Colin Steil, Diego Nehab, and Erick de Moura. In the early stages of its development, the platform was viewed as a top-notch artificial intelligence system in a trustless marketplace, however, the system advanced into becoming a Layer 2 solution with the broad goal of solving the problem of scalability, as well as infrastructural relations facing the blockchain industry.
The four individuals who started the platform all have well-grounded experiences across several fields, some of which cut across software development, finance, and blockchain technology in the startup space. Currently, the project is spearheaded by De Moura who is the serving CEO at Cartesi.
De Moura holds two degrees with the first one being in electrical engineering and computer science from the University of California, while his other degree is a BEng in Electrical and Electronics Engineering from Pontifícia Universidade Católica do Rio de Janeiro.
What is Cartesi (CTSI) used for?
The Cartesi provides a streamlined system that facilitates the workflows of software development in its blockchain via a technology that runs on a hybrid system that computes both on-chain and off-chain transactions. In order to achieve a decreased amount of pressure from heavy computations and data stored temporarily on the blockchain, the Cartesi depends on a series of off-chain components to execute its transaction.
The Cartesi Machine is one of the systems the network uses to be able to achieve this. The virtual machine which is based on the Linux operating system operates on a protocol where decentralized apps are computed before the results are then broadcast to the entire blockchain. Additionally, its operation under the Linux protocol allows the application to be programmed in widely-used code bases. Thus, the optimal level of scalability sought by the platform is completely achieved.
What Is the Unique Point of Cartesi (CTSI)?
The Cartesi network has several distinctive qualities that equip it with a competitive edge against other cryptocurrency tokens in the industry. One of these is its layer-2 solution which is further compounded with the inclusion of an optimistic rollups solution. These two systems enable developers to build smart contracts codes and decentralized applications directly from scratch with a series of mainstream software tools as well as the resources provided by the Linux operating system. These advantages are considered a great improvement from the traditional decentralized applications available and by extension has aided the evolution of the blockchain industry as a whole.
Through the incorporation of programmability on a mainstream platform, developers have a new fully inclusive, and excessive avenue to create smart contracts from the grass root up in decentralized apps. Additionally, it also provides the space for extensive permission for regular developers who have not previously worked on blockchain technology to create Dapps. This is because the protocol used on the system allows the developers to create Dapps with their regular desktop coding experience.
Other peculiar advantages provided by the Cartesi system also include its large-scale scalability which facilitates the availability of data, as well as computational scalability on a million folds. Also, the system is able to make these provisions while employing the highest level of protection for user data.
How many Cartesi (CTSI) coins are in circulation?
CTSI is the dedicated token of the Cartesi network that facilitates the execution of transactions within the network. When CTSI was released, it had a total supply pegged at 1,000,000,000 tokens. Out of that number, the system has a circulating supply of 487,349,731 CTSI coins.
The Cartesi network held an ICO in April 2020 which offered a total of 100 million CTSI tokens up for sale. In the end, the ICO raised a total of $1.5 million for the network.
Is the Cartesi (CTSI) Network secured?
Apart from functioning regularly as a cryptocurrency such as the AAVE and AMP platforms. On the Cartesi blockchain, the CTSI token also powers the Cartesi network completely. On the network, the token can be staked via the system’s dedicated proof of stake consensus algorithm. The staking also serves as a means of protection for the system and as such, the participants on the network are entitled to a reward for their duty in helping the network remain secure. Additionally, the CSTI token is also used in the payment of fees that are incurred while interactions are underway within the Noether side chain.
The network also assures participants that apps are constantly executed correctly and by extension prohibits bad actors from accessing the network, leading up to an added layer of security on the Cartesi network. Just like several other cryptocurrencies available in the world now, the capped supply of the CTSI tokens will never be increased or reduced.
How do I buy Cartesi (CTSI)?
The Cartesi network offers an advanced level of grand scalability that beats most of the provisions of rival cryptocurrency platforms currently available. As a result of this, the system has been able to meet some of its marketing targets because of its general integration into society. Currently, Cartesi tokens are largely available on several exchanges. Its tokens can also be purchased easily by the following procedure.
- Firstly, each user will need to create an account with the crypto platform.
- Next, users will need to transfer a specific amount from their fiat account to the crypto account.
- Lastly, users will need to confirm their deposits before they can then buy CTSI tokens via their trading account.
Which Cryptocurrency Wallet Supports Cartesi (CTSI)?
PTPWallet is a platform that supports a set of cryptocurrencies simultaneously with some of these cryptocurrencies, including the Cartesi wallet. The platform provides its users with a series of advantages that have aided in the advancement of its use case. Some of these include its additional functionality as an exchange, as well as its avenue of discovering other cryptocurrencies it provides. In addition to these other qualities, the system also provides an easy-to-use interface for smooth navigation on its network.
