BitcoinUSD

  • Market Cap: $996,201,934,458.97
  • 24h Vol: $53,748,060,783.06
  • BTC Dominance: 38.13%
cartesi

What Is Cartesi? How To Buy, Expectations And Predictions. Everything You Need To Know About CTSI

Cartesi is an ERC20 protocol whose main goal is to optimize smart contracts to address pressing issues such as high transaction costs and limited scalability of the Ethereum network. By using a variant of the Optimistic Roll-Ups, developers can code with accessible software instead of the rather complex Solidity. This allows many more dApps to be created, which ensures great scalability and adoption.

What is Cartesi?

Cartesi is a multichain layer 2 infrastructure that allows software developers to create smart contracts themselves with the off-chain software tools they are used to. This layer 2 application is a way to make the application and protocol scalable. This is central to the development and implementation of scalable dApps. These applications contain both blockchain components and off-chain components.

These off-chain components run on the Cartesi Nodes. These represent the interests of every dApp user. They also provide developers with reproducible Caretsi machines, which we discuss later in this blog. With this software they can perform calculations on a large scale that are integrated into smart contracts.

Cartesi protocol allows developers of dApps to use and implement in all programming languages, tools, software and services. The development of dApps is still complex and inaccessible for many. Until now, developers are familiar with their own software tools, which makes the development of dApps difficult and unnecessarily complex. Cartesi wants to remove the complexity and move it to off-chain components, so that developers are no longer limited in these limitations. This allows them to focus without restrictions on the development of new and scalable dApps using their own tools.

What problem does Cartesi solve?

Blockchain technology is in the process of facilitating adoption to the general public. However, there are still a number of technological barriers that stand in the way of this adoption. It is therefore these pain points that Cartesi wants to tackle and solve through their unique approach.

Scalability

Scalability seems to be a perennial problem. Several layer 2 solutions have been launched in the past to address this lack of scalability, but more is needed. Cartesi aims to improve the scalability limit of Ethereum . The protocol uses the TPS system in their transactions. This speed exceeds payment platforms such as VISA. Cartesi himself speaks of a scalability of an unseen nature. In addition, it uses sidechains where information is distributed over different nodes to spread the size and information transfer.

Programming language

Blockchain technology has a certain programming language that also has a limiting effect on developers. Every blockchain is different and has a different structure which makes it more difficult to use this programming language in another program.

With Cartesi, developers can combine existing components to develop new blockchain applications. They can use smart contracts in a Linux software environment that is familiar to them. Using blockchain applications such as smart contracts in an off-chain environment increases adoption with developers having much easier access to blockchain components.

Cartesi Linux

The Power of Cartesia

Cartesi is a centralized development system with its own sidechain. The network uses the latest blockchain technology to launch applications in a secure and scalable way.

Low transaction costs

The Ethereum network is still characterized by high transaction costs. It therefore seems to be quite a task to tackle the problem of the astronomical gas parties. Cartesi wants to make it possible to even bypass these gas fees. How?

Users of the network pay low transaction costs because large parts of the effective transaction takes place off-chain. Through their own Linux Virtual Machine (LVM), developers are able to transfer this data to a more affordable side-chain network.

Despite the sidechain being significantly cheaper, users or developers of dApps still have to pay to process their transaction, send and/or store information by others. These are paid to node operators via the native token CTSI.

Interoperability

The applications built on Cartisi are able to perform complex calculations and use data from different sources. This helps for interoperability between blockchains and different types of services.

How does Cartesi (CTSI) work?

Cartesi uses its own sidechain to realize scalability. It connects the blockchain technology with their own programming language to create decentralized applications on a large scale. Here they bridge the gap between blockchains and the Linux operating system.

Cartesi Node

The nodes of the Cartesi network are the place where all off-chain components and calculations of an application are processed and included. Nodes consist of both hardware and software. So, to run an application on Cartesi’s network, users must be able to communicate with these nodes. Within each node there is therefore a Cartesi Machine.

Cartesi node

explorer.cartesi.io

Cartesi Machine

An essential part of Cartesi is the Cartesi Virtual Machine (CVM). Cartesi Machine is a virtual machine within the Cartesi Node that runs on a decentralized version of Linux. This protocol works as a standalone Virtual Machine (VM). In blockchain technology, this VM has the ability to view an entire network as one abstract whole which then acts as a supercomputer solving countless computational tasks. All calculations performed by the Cartesi machine are reproducible and verifiable. This is necessary to guarantee scalability.

As a result, the Cartesi Machine wants to determine which calculations are reproducible and then investigate whether it is possible to implement them in smart contracts. By distributing the calculations in this way, via individual nodes, the Cartesi Machine is able to keep both the storage capacity and the speed of the protocol optimal.

The role of this Virtual Machine is to ensure that the correct tasks are performed on smart contracts. In addition, it is designed in such a way that they can seamlessly integrate into different blockchains to make interoperability possible again.

Descartes

To integrate blockchain technology into off-chain technology, it is necessary to use an oracle. Descartes allows developers to encode their smart contracts using Linux instead of Solidity. Creating and deploying applications using a known programming language can significantly increase the time taken to develop an application.

By using smart contracts in a Linux environment, there is a need for sufficient information to properly execute these smart contracts and to use this information in further development. This requires an oracle to make the connection between on-chain and off-chain. Descartes works as an off-chain sensor that retrieves data from off-chain data. Traditional oracles are often centralized, but Descartes works like a decentralized oracle network. Descartes sends this data to the blockchain to optimize smart contracts and enable further development.

Noether

With the release of Descartes Rollups, Cartesi has introduced scalable smart contracts calculations based on regular software programming. In order to unleash the full potential of these Descartes, the problem of data availability must be solved. Calculations are always done based on data that is entered. As more data is added, we normally face a scalability limit due to this large amount of data.

Noether is Cartesi’s sidechain designed to keep this data available only temporarily. The consensus is locally based in order not to overload the network unnecessarily. Noether uses sharding, offchain calculations and a localized consensus here, among other things. This off-chain structure makes Noether infinitely scalable.

$CTSI Token

CTSI is Cartesi’s utility token that makes the network operable. It aims to solve the scalability issue as well as reduce high costs through the use of Descartes. CTSI is used for, among other things, staking and compensation paid to validators for processing data on the network. Through Proof-of-Stake, consensus is reached via the individual nodes. The CTSI token is thus the engine to keep this ecosystem operable.

Tokenomics

Cartesi has a total supply of 1 billion tokens of which 408 million are in circulation at the time of writing. The other tokens will be released over the years, distinguishing between different aspects:

  • Private sale: 5%
  • Launchpad sale: 10%
  • Seedsale: 2%
  • Team: 15%
  • Advisors: 2.11%
  • Foundation reserves 40.22%
  • Mining reserves : 25%

Applications Cartesia

We see that especially the application in the gaming industry dominates when we look at the number of dApps, but that does not alter the fact that it has many more applications. It can be used to improve performance of any type of application. Think of logistics applications, marketplaces and research platforms. As mainstream developers make their way to Cartesi and discover its ease of use, adoption will be many times greater. Thanks to the connection between Linux and blockchain technology, this development method can be applied for different purposes in different niches.

Roadmap

An important milestone in the development of Cartesi was of course the launch of their first dApp in the first quarter of 2020. In addition, the team is busy with their objectives for the coming period. One of these things is mining on the mainnet of Cartesi.

cartesi roadmap

Team

The protocol was started and established in 2018 by 4 co-founders including Erick de Moura, Augusto Teixeira, Diego Nehab and Colin Steil. Headquartered in Singapore and employing more than 45 people, the Cartesi team is expanding rapidly due to their successes.

Their interest in blockchain technology came when Augusto befriended Serguei Popov, founder of IOTA . When the idea arose to launch Cartesi, Popov was one of Cartesi’s first investors and advisors.

Cartesi’s initial idea was to become a marketplace for Artificial Intelligence (AI) for data scientists. While developing Cartesi, they got a broader vision and Cartesi emerged as we know it today.

Cartesi team

Erick de Moura, current CEO, is an entrepreneur with over 20 years of experience in the software industry. As an electrical engineer graduate, he has experience in various software designs and development projects. With his knowledge and expertise, he wants to change the future of these smart contracts on the Ethereum blockchain and their implementation through the technology of Cartesi.

Cartesi Price

 

 

Buy cartesi?

Conclusion

The Ethereum network has grown incredibly fast in recent times, but this unprecedented growth has also created a number of problems that keep recurring. With current technology, scalability of Ethereum is a very big problem that the network is currently facing. There are plans for Ethereum 2.0 that should solve the scalability, but in practice the question is how long the implementation will take.

That is why Layer-2 projects such as Cartesi are popular because they immediately solve the problem of scalability by using sidechains and sharding, among other things.

Besides the scalability, Cartesi opens the way for many developers. Linux allows developers to code dApps and smarts contracts much more easily instead of the rather complex technology of the Solidity programming language.

Cartesi provides unparalleled computing power in which safety still prevails. This security takes place through Proof-of-Stake consensus at Cartesi Nodes in the sidechains. This combination ensures a growth in the number of dApps developed as well as the various niches that can and will make use of these applications.

Leave a Comment

Your email address will not be published.