Cartesi Coin Price & Market Data
Cartesi price today is $0.619535 with a 24-hour trading volume of $56,747,449. CTSI price is up 2.1% in the last 24 hours. It has a circulating supply of 420 Million CTSI coins and a total supply of 1 Billion. If you are looking to buy or sell Cartesi, Binance is currently the most active exchange.
What is Cartesi?
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.
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.
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.
CTSI Overview and Use Cases
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.