Cartesi

What is the token?

Cartesi (CTSI) is a blockchain project aiming to bridge the gap between blockchain and traditional software development by introducing a novel layer-2 scaling solution. It allows developers to code smart contracts and decentralized applications (dApps) using mainstream software stacks instead of being limited to blockchain-specific languages like Solidity. This is achieved through Cartesi’s application-specific rollups with a Linux runtime, enabling more complex and computationally intensive dApps to be built with the tools developers are already familiar with. Cartesi’s approach to scalability and high fees on blockchains involves a variant of optimistic rollups, and it also features Noether, a side-chain optimized for ephemeral data, providing low-cost data availability to dApps.

Tokenomics

• Total Supply

• : 1,000,000,000 CTSI

• Allocation

• :

• Mining Reserve: 25%

• Team: 15%

• Foundation Reserve: 40.22%

• Advisors: 2.11%

• Seed Sale: 2%

• Private Sale: 5%

• Strategic Sale: 0.67%

• Launchpad Sale: 10%

• Usage

• : Staking, governance, transaction fees, and incentives within the Cartesi ecosystem.

Market Data

As of today #{today’s date}, the price of Cartesi is ₹14.35 INR or 0.1551 USD, with a 24-hour trading volume of 6129370.51 USD. The market capitalization for Cartesi is 127776704.23USD. The circulating supply is 824045972.75 Cartesi, with the total supply also being 1000000000 Cartesi.

Token Pros and Cons

Pros

• Mainstream Software Compatibility

• : Allows developers to use mainstream programming languages and tools, making blockchain development more accessible.

• Scalability

• : Cartesi’s layer-2 solution addresses scalability and high fee issues prevalent in blockchain networks.

• Innovative Data Availability Solution

• : Noether side-chain for ephemeral data offers a low-cost data availability solution.

• Strong Security Guarantees

• : Inherits security and censorship resistance from Ethereum.

• Community-Driven Governance

• : CTSI holders can participate in governance, influencing the project’s direction.

Cons

• Complexity for New Users

• : The advanced features and dual-layer architecture may be complex for new users to understand.

• Competition

• : Faces competition from other layer-2 scaling solutions and blockchain platforms aiming to simplify dApp development.

• Dependence on Ethereum’s Security

• : As a layer-2 solution, its security is partly dependent on Ethereum, which could be a concern if Ethereum faces issues.

• Token Volatility

• : Like all cryptocurrencies, CTSI’s price can be highly volatile, affecting staking and governance participation.

• Adoption Rate

• : The success of Cartesi heavily relies on the adoption rate by developers and users within the blockchain ecosystem.

Why Should You Invest in the Coin?

• High Development Flexibility

• : Cartesi’s unique proposition of using mainstream software stacks for blockchain development could attract a large developer base.

• Scalability Solutions

• : Addresses key blockchain issues like scalability and high transaction fees, making it attractive for high-performance dApps.

• Growing Ecosystem

• : A vibrant and growing ecosystem of developers and projects building on Cartesi could increase the token’s utility and value.

• Innovative Technology

• : The introduction of a Linux runtime environment for smart contracts is a significant innovation in the blockchain space.

• Active Community and Governance

• : The opportunity for token holders to participate in governance makes it an engaging investment for those looking to be actively involved in the project’s direction.

USP of the Coin

• Linux Runtime Environment

• : Cartesi is unique in offering a Linux runtime for smart contracts, vastly expanding the tools and languages available to developers.

• Layer-2 Scalability

• : By providing a layer-2 solution, Cartesi enhances scalability without sacrificing the security of the base layer (Ethereum).

• Mainstream Developer Tools

• : Enables the use of mainstream programming languages and development tools, not just blockchain-specific languages.

Problem the Coin is Solving

Cartesi is addressing the problem of blockchain scalability and the limited toolset available for blockchain developers. By allowing developers to use mainstream software stacks and providing a scalable layer-2 solution, Cartesi makes blockchain development more accessible and efficient, enabling more complex and useful dApps.

Founder and Team Background

Cartesi was founded in 2018 by Erick de Moura, Augusto Teixeira, Diego Nehab, and Colin Steil. A brief about them:

• Erick de Moura

• is the CEO, bringing over 20 years of experience in the software industry, with expertise in software design and tech solutions across various sectors.

• Augusto Teixeira

• , the Chief Scientific Officer, has an extensive background in mathematics and retains his professorship, contributing deep theoretical knowledge to the project.

• Diego Nehab

• , the Chief Technology Officer, is an associate professor with a PhD in computer graphics from Princeton, adding a strong computing and technical foundation to the team.

• Colin Steil

• serves as the Chief Operating Officer, offering a business-oriented perspective with experience in venture capital and blockchain technology implementation.

The team’s diverse background spans software design, programming, and mathematics, with significant experience in both academic and real-world settings.

ICO Price

• ICO Price

• : $0.015

• Listing Date

• : April 22, 2020

Risks Associated in Investing in the Coin

• Market Volatility

• : Cryptocurrency prices are highly volatile, and CTSI is no exception.

• Competition

• : The blockchain scalability and development space is highly competitive, with many projects vying for developer attention.

• Dependence on Ethereum

• : Cartesi’s performance and security are partly dependent on the Ethereum network.

• Adoption Challenges

• : The success of Cartesi depends on widespread adoption by developers and users, which is uncertain.

• Regulatory Risks

• : The regulatory environment for cryptocurrencies is still evolving, which could impact Cartesi’s development and token value.

Whitepaper Insights

The Cartesi whitepaper introduces Cartesi as a layer-2 platform designed to revolutionize the development and deployment of scalable decentralized applications (dApps). It emphasizes the project’s goal to bridge the gap between traditional software development and blockchain technology, enabling developers to use mainstream software stacks for blockchain development. Key highlights from the whitepaper include:

• Layer-2 Infrastructure

• : Cartesi operates as a layer-2 solution, offering scalability and efficiency for dApps without compromising on decentralization or security.

• Linux Runtime Environment

• : A core innovation is the use of a Linux runtime environment, which allows developers to use familiar programming languages, tools, and libraries, significantly lowering the barrier to blockchain application development.

• Cartesi Nodes and Machines

• : The whitepaper details the architecture of Cartesi Nodes and Cartesi Machines, which facilitate off-chain computations while ensuring that results are verifiable and secure on-chain.

• Optimistic Rollups

• : Cartesi leverages optimistic rollups to enhance scalability and reduce transaction costs, addressing two of the most pressing issues in blockchain technology.

• Decentralized and Secure

• : The platform maintains the decentralized and secure nature of blockchain while enabling complex computations and applications that were previously not feasible.

The whitepaper positions Cartesi as a groundbreaking solution that combines the benefits of traditional and blockchain development, aiming to foster a new wave of complex, efficient, and user-friendly dApps.

This summary encapsulates the vision and technological foundation of Cartesi, as outlined in their whitepaper, highlighting its potential to transform the blockchain application landscape by making development more accessible, scalable, and powerful.