Cartesi is taking smart contracts to the next level. It is solving the urgent problem of scalability and high fees on blockchains by implementing a variant of optimistic roll-ups. Most notably, Cartesi is revolutionizing smart contract programming by allowing developers to code with mainstream software stacks. Noether is Cartesi’s side-chain that’s optimized for ephemeral data, providing low-cost data availability to DApps.
Cartesi Coin was founded in 2018 by Erick de Moura, Augusto Teixeira, Diego Nehab and Colin Steil. The founding team initially got into blockchain as a result of one of the founders, Augusto Teixeira, being academic co-author with Serguei Popov, the founder of IOTA. Serguei became one of Cartesi’s earliest investors and advisors. Augusto had the original idea of creating a trustless AI marketplace for data scientists.
The Cartesi Coin team realized they were tapping into a broader scope and the project evolved into developing a versatile layer-2 Linux infrastructure to overcome the problems of scalability, of computation, and infrastructure for blockchain applications.
CTSI is a utility token that works as a crypto-fuel for Noether.
Stakers receive CTSI rewards by staking their tokens and participating in the network.
Node runners are selected randomly according to a PoS system and gain the right to create the next block.
Users of the network pay CTSI fees to insert data on the side-chain.
CTSI also plays a role with Descartes Rollups.
CTSI will be used by DApps to outsource the execution of verifiable and enforceable computation to entities running Descartes nodes.
Full details can be read on the Cartesi Network and CTSI article.
What makes Cartesi Unique?
What gives Cartesi a competitive edge as a layer-2 and optimistic rollups solution is that it allows developers to code their smart contracts and DApps directly with mainstream software components and Linux OS resources. That represents more than an incremental improvement to decentralized applications. It is a necessary step toward the maturity of the whole blockchain ecosystem. Allowing mainstream programmability means that DApp developers have an entirely new expressive power to create from simple to rather complex smart contracts. It also means opening the doors for extensive adoption of regular developers who have never programmed for blockchain, as they will create decentralized applications with a coding experience similar to desktop or web.
Build smart contracts with mainstream software stacks. Take a productive leap from Solidity to the vast universe of software components supported by Linux.
Enable million-fold computational scalability, data availability of large files and low transaction costs. All while preserving the strong security guarantees of Ethereum.
From games where players conceal their data to Enterprise applications that run on sensitive data, preserve privacy on your DApps.
A decentralized computational oracle for blockchains
Cartesi Coin Descartes executes massive computational tasks off-chain, on a Linux virtual machine fully specified by a smart contract.
The results of the computations are fully verifiable and enforceable on-chain by honest Descartes node runners, preserving the strong security guarantees of the underlying blockchain.
Cartesi is a layer-2 infrastructure for blockchains that allows developers to code highly scalable smart contracts with mainstream software stacks on a Linux VM. Cartesi uses a combination of rollups and side-chains.
Mainstream programmability: Developers create smart contracts with mainstream software stacks, taking a productive leap from the limited programmability of blockchain-specific VM’s to coding with software components supported by Linux.
Large scalability: Cartesi enables million-fold computational scalability, data availability of large files and low transaction costs. All while preserving the strong security guarantees of the underlying blockchain.
Privacy guarantees: Cartesi allows for decentralized games where players conceal their data and Enterprise applications that run on sensitive data, preserving privacy on DApps.
Portability: Cartesi is blockchain-agnostic and will run on top of the most important chains. The current implementations already support Ethereum, Binance Smart Chain, Matic (Polygon), with Elrond coming soon.
Scalable smart contracts built with mainstream software stacks
Descartes Rollups is a variant of optimistic rollups with interactive dispute resolution. Instead of Solidity, use countless mainstream software components to code smart contracts that run on a Linux VM.
Defeat the scalability limits of Ethereum, with million-fold computational gains, while preserving the strong security guarantees of the blockchain.
High-performance side chain for data availability
Noether is Cartesi Coin side chain designed for temporary data availability. It allows DApps to achieve high throughput and storage of large files with much reduced fees.
Noether’s Proof of Stake system is ready now. Stake your CTSI and earn mine rewards to participate in Cartesi’s growing network of validators.
Who Are the Founders of Cartesi?
The most important asset for Cartesi is a team of very strong professionals, researchers and engineers extremely excited to create and implement novelty in the blockchain space.
Cartesi is made up of a team that comes from very high profile backgrounds, real-world experience at top companies such as Microsoft Research, and PhD’s from top universities like ETH Zurich and Princeton.
Where Can You Buy Cartesi (CTSI)?
You can buy Cartesi Coin (CTSI) on any supported exchange. For the latest list of exchanges and trading pairs for this cryptocurrency, visit the Cartesi ecosystem page.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.