Types of Cryptocurrency

Discover: Cartesi (CTSI) and It’s Potential

Discover: Cartesi (CTSI) and It's Potential

Cartesi in blockchain space has the potential to be a game-changer. Literally. The Cartesi team is building Cartesius, a Linux machine that will allow developers to run large-scale dApp computations off-chain while still being able to interact with Ethereum smart contracts. It will be interesting to see how Cartesi develops and what impact it has on the blockchain space.

Cartesi History

Cartesi network was founded in 2017 by Alberto Goldstein, Daniela Barbosa, and Erick de Souza. The Cartesi team is based in Mountain View, California. In 2018, Cartesi completed its ICO and raised $3 million dollars.

Cartesi has been working on its product since 2018, and they are expected to launch its product in 2019. The carbon emission transparency initiative (CETI) Cartesi is a member of has completed its first successful project in 2019.

Cartesi was also one of the first projects to launch on Binance Launchpad in 2019.

What is Cartesi (CTSI)?

Cartesi is a layer 2 solution that runs heavy computations off-chain while still being able to interact with Ethereum smart contracts. Cartesi is able to do this by using a Linux machine that runs on top of Ethereum. This Linux machine is called Cartesius.

Cartesius is designed for large-scale computations that are not possible on Ethereum today. For example, Cartesius could be used to run a video game or a complex AI computation. Cartesius is also scalable, so it can be used for large-scale dApp computations that require more than just a few transactions.

What Problems Does Cartesi Solve?

Cartesi aims to solve the problems in terms of transactions since every day there are a lot of transactions happening in Cartesi.

Here is the list of problems that Cartesi aims to solve:

  • Solve the problems of high fees and slow transaction times associated with Ethereum: The minimum gas price for an Ethereum transaction is currently about $0.02. Cartesi aims to lower this fee by running computations off-chain. Cartesi also aims to solve the problem of slow transaction times by running computations off-chain. This could potentially mean that dApp developers no longer have to worry about the high fees and slow transaction times associated with Ethereum.
  • Improve upon the scalability of Ethereum: Cartesi is scalable, Dapp developers will no longer have to worry about the scalability issues with Ethereum
  • Create an easy-to-use development environment: Cartesi aims to create an easy-to-use development environment for dApp developers. Big potential of this is that we’ll be able to see an increase in the adoption of blockchain technology.

There are problems that Cartesi is solving in order to change the game.

What are the Use Cases for Cartesi?

Even though Cartesi is still in development, there are already a few potential use cases for Cartesi.

Here are a few potential use cases for Cartesi:

  • Video Games: Cartesius could be used to run a video game off-chain. This would allow developers to create games.
  • AI Computations: Cartesius could be used to run complex AI computations off-chain. This would allow developers to create AI applications.
  • Large-Scale dApp Computations: This upgrade means the larger the scale, the more efficient transactions will be.
What are the Benefits of Cartesi?

Cartesi has a few benefits that make it an attractive solution for dApp developers.

Here are a few benefits of Cartesi:

  • Lower Fees: Cartesi aims to lower the transaction fees more.
  • Faster Transactions: Cartesi also aims to solve transaction traffic by upgrading.
  • Scalable: Cartesi is scalable, so it can be used for a larger computation that they plan.
  • Easy-to-use Development Environment: Cartesi to create an easy-to-use development environment for dApp developers.

These benefits are to consider when Cartesi is in the picture.

What are the Risks of Cartesi?

Cartesi is still in development, so there are a few risks associated with Cartesi.

Here are a few risks of Cartesi:

  • Potential for Bugs: Cartesi is still in development, so there is a potential for bugs.
  • Competition: Cartesi is not the only solution that aims to solve the problems of Ethereum. There is competition from other projects, such as Plasma and Truebit.
  • Unknown Timeline: Cartesi does not have a timeline for when they will launch their product. This makes it difficult to know when Cartesi will be available for use.

These are the risks to consider before Cartesi is fully developed.

Cartesi Price

Cartesi CTSI is currently trading at $0.027982 USD, with a market cap of $5,974,039 USD. The circulating supply is 213,333,333 CTSI, and the max supply is 1,000,000,000 CTSI.

In Hong Kong dollar terms, Cartesi is currently trading at HK$0.21932, with a market cap of HK$46,032,931. The price chart shows that Cartesi has been on a downward trend since it reached its all-time high in January 2018.

Cartesi is currently ranked at #393 on CoinMarketCap. You can buy, sell, and trade Cartesi on a variety of exchanges, such as Binance, OKEx, KuCoin, Gate.io, and Huobi Global. Cartesi is also available on a variety of wallets, such as Trust Wallet, Atomic Wallet, and imToken.

What is Cartesi’s Roadmap?

The Cartesi machine is open-source, so anyone can contribute to the development of Cartesi. Cartesi has an ambitious roadmap that includes a lot of features and improvements.

Here is Cartesi’s roadmap:

Phase 1: Cartesius Core

This phase includes the development of the Cartesius Core, which is the Cartesi Virtual Machine. The Cartesius Core will allow developers to run computations off-chain.

Phase 2: Cartesi Chain Extensions

This phase includes the development of Cartesi Chain Extensions, which will allow Cartesi dApps to interact with Ethereum smart contracts.

Phase 3: Decentralized Applications

This phase includes the development of decentralized applications that run on Cartesi. More applications are soon to be launched.

Cartesi Team

The Cartesi team is composed of experienced individuals with a lot of expertise in the blockchain space.

Some of the members of the Cartesi team include:

  • Sergiu Croitoru, CEO and Co-Founder: Sergiu is the CEO and Co-Founder of Cartesi. He has a lot of experience in the blockchain space, and he is also a software engineer.
  • Emanuel di Angelis, CTO and Co-Founder: Emanuel is the CTO and Co-Founder of Cartesi. He is a software engineer with a lot of experience in the blockchain space.
  • Diego Nehab, CSO and Co-Founder: Diego is the CSO and Co-Founder of Cartesi. He is also one of the software engineers with a lot of experience in the blockchain space.
Cartesi Partnership

Cartesi has been reported to have several partnerships with some big companies in the tech industry.

Some of the partnership we have listed are the following:

SKALE

Cartesi has partnered with SKALE Labs, an Ethereum scaling solution. This partnership will allow Cartesi dApps to run on SKALE’s network of Elastic Sidechains.

The partnership between Cartesi and SKALE is important because it gives Cartesi access to SKALE’s network of Elastic Sidechains.

Tensor Flow

Cartesi has partnered up with TensorFlow, a Google-backed open source machine learning platform. This partnership will enable Cartesi dApps to use TensorFlow for machine learning computations.

Final Thoughts

The standard programming environments are not well suited for developing decentralized applications. There are more solid algorithms and data structures that can make development more efficient, but these tools have not been integrated into the existing development environments.

Cartesi is still in its early stages of development, and it has a lot of features that are yet to be developed. Nevertheless, Cartesi is a project with a lot of potentials, and we are excited to see how it will develop in the future.

You Might Like