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- 1 Cartesi is a layer-2 solution that allows developers to use mainstream software tools and languages to create DApps.
- 2 CTSI is the utility token of Cartesi, used for data storage, network security, and developer incentives.
CTSI is a utility token that belongs to the Cartesi platform, a novel layer-2 solution that aims to solve the problems of scalability and high costs in blockchain development. The project was launched in 2018 and brings mainstream programming tools, libraries, and services to the world of decentralized applications (DApps).
The CTSI token is a vital part of the Cartesi ecosystem. It is utilized as a crypto-power for Noether, Cartesi’s side-chain created for temporary data availability. It also plays a role in the network’s staking mechanism, serving as a tool for network participants to secure the platform, rewarding honest behavior, and penalizing potential malicious actions.
Cartesi was founded by Erick de Moura, Augusto Teixeira, Colin Steil, and Diego Nehab. Erick de Moura, the CEO of Cartesi, is an experienced software engineer who has worked in various sectors, including finance, health, and insurance. The other founders have backgrounds in computer science, mathematics, and business.
The Cartesi Project
Cartesi is based on the idea of a Decentralized Computational Oracle, which performs complex computations off-chain while maintaining the same level of security guarantees provided by the underlying blockchain. This system is designed to allow DApps to be coded in mainstream software stacks, lowering the entry barriers for developers and improving the user experience for end-users. The project is built to support various blockchains, thus creating a multichain ecosystem.
Uses of Cartesi
CTSI is a utility token that has several use cases within the Cartesi platform. It acts as a network fuel for Noether’s data availability side-chain, where it’s used to pay for temporary data storage. The token is also involved in a staking mechanism, allowing users to join the network consensus and secure the system against potential attacks.
Moreover, CTSI will also be used to motivate and reward developers who create and deploy DApps on the Cartesi platform, promoting ongoing growth and development in the ecosystem. This creates a self-sustaining economy, whereby the rewards for participation are directly related to the network’s overall success.
Uniqueness of Cartesi
Cartesi is a platform that enables developers to create powerful and complex DApps with the tools and languages they are familiar with. Cartesi Rollups are a scalable solution that can run on different layers of the blockchain, providing full CPU capabilities and access to a rich set of open-source libraries. The Cartesi Virtual Machine is a secure and isolated environment that boots a complete operating system inside the blockchain. With Cartesi, developers can explore new possibilities, optimize their DApps, and benefit from the security and decentralization of Ethereum.
Conclusion
Cartesi is a platform that bridges the gap between the traditional and the decentralized worlds, enabling developers to create powerful and complex DApps with the tools and languages they are familiar with. By using Cartesi Rollups and Cartesi Virtual Machine, developers can leverage the scalability, security, and decentralization of the blockchain, while accessing the full suite of code libraries, programming languages, and open-source tooling they are accustomed to. Cartesi also has a utility token, CTSI, that fuels the network and rewards the participants. Cartesi is a platform that creates a new design space for cutting-edge DApps, allowing them to move beyond the limitations of the EVM and the shared computation model.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
