While many investors have their interests constantly aligned with Bitcoin, there are others who are considering multiple other opportunities. For example, Cartesi crypto or CTSI crypto is one of those options. Recently, we saw it hyping up against many different projects. To all those who are not aware, the Cartesi network is powered by a native crypto token named Cartesi. CTSI is a utility token skyrocketing to new levels these days.
It was founded by Erick de Moura, Augusto Teixeira, Diego Nehab and Colin Steil in 2018. It was put together as a layer 2 scaling infrastructure that would work with Linux. The token has gained a lot of attention lately due to its three products, including Descartes, Descartes Rollups, and Noether. The optimistic rollups technology is deployed in the network to cater to the problems of scalability and high fees.
What is Cartesi?
Cartesi is a decentralized off-chain computation platform aimed at elevating Ethereum Smart Contracts to the next level. It allows its developers to create DApps and smart contracts with mainstream software and Linus OS resources. The main goal behind the project is to make the development of decentralized apps easier and more cost-effective.
In simple words, it can be called an operating system for the DApps. Through this network, highly complex and intensive computations are run outside the blockchain on the Linux ecosystem without compromising on the decentralized nature of the main network. These days we see multiple ecosystems supporting the development of Decentralized Applications but the limitations that every Network has, are rather frustrating.
Therefore, Cartesi Network believes in offering maximum freedom to its users by allowing them to build DApps on well-established software. These software choices are especially those with which the user is completely familiar, and after their establishment, they are run on the Linux environment.
Through the project, Cartesi developers are bringing innovations to the blockchain network. Thanks to its key functionality, the project is acting as a bridge between centralized and decentralized networks. Therefore, it has high usability and is liked among the consumers. The most prominent features of the project are:
Choice of thousands of open-source software
The programmability of the DApps is designed in a way that the users have the freedom to choose from thousands of open-source Network components. due to the fact that DApp logic is run and coded on the Linux Network, which provides such a large array of software options.
The project addresses the issue of scalability
The main aim of the project was to address the long-term problem of the blockchain network i.e., scalability. It is done by performing massive data computations off-chain, hence, decreasing the workload on the main network. Even an off-chain network offers the same level of security for the data of the users.
Freedom and no artificial limitations
The best part of the Cartesi project is that the users have no artificial limitations and can work in a familiar environment. In other words, the network allows the users to use whatever tool they require and this has brought great adoption to the network.
Being decentralized and user-centric is becoming the core of every DeFi project and Cartesi is no different. Here, the data reaches the main network without the need for a reputation protocol or any servers in control. This maintains the much-needed decentralization of the network.
What is CTSI?
CTSI token powers the Cartesi network. The CTSI network works on a system of nodes and the CTSI tokens are used to incentivize these node operators to maintain trustlessness and encourage an honest working atmosphere. CTSI token has the following use cases that include using CTSI coin as collateral to encourage an honest environment, paying for the temporary storage of the Dapps, paying block generators their due rewards, and staking for participating in the proof-of-stake (PoS) consensus mechanism.
CTSI is ranked #325 in terms of market capitalization, as per the records of CoinMarketCap. Moreover, Cartesi is widely available to buy, sell, trade, or exchange on various centralized and decentralized cryptocurrency exchanges. It is available in pairs of BTC, ETH, or USDT on its supported exchanges.
Cartesi Labs is one of the side programs of the main Cartesi network that is deployed to arrange the necessary funding for the research and developments in the Cartesi decentralized ecosystem. It comprises grants, accelerators, and academic programs aimed at continuously upgrading the Cartesi network and bringing innovations. The initial funding is managed by the Cartesi foundation, crowdsourcing platforms, Cartesi partners, and reliable investors.
Cartesi Labs are also responsible for providing the much-needed technical and strategic support to the network for directional development. The research is done in different categories including proposals for the development sub-projects such as the decentralized extensions, academic research, startups, and tooling.
The network offers three main products that are Descartes, Descartes Rollups, and Noether. Firstly, Descartes is a decentralized computational oracle designed for blockchains. Its task is to carry out intensive computational data operations off-chain to lift off the major load from the main chain on a Linux network specified by the smart contract.
Secondly, Descartes Rollups are scalable smart contracts built with mainstream software components. These are the variants of the optimistic rollups. However, they use software components during the coding of contracts rather than using solidity.
Finally, Noether is the temporary storage space available on the network. It is designed to allow Decentralized apps to reach high throughput and required space at a much lesser cost.
How to exchange BTC to CTSI at the best rate?
Exchange platforms like Swapzone provide an accessible and feasible solution for those traders who seek to convert their digital assets. Here, the users only have to follow a few steps to convert their assets fast and conveniently, in a matter of clicks. What is more, they can use the same procedure to either convert Bitcoin to Cartesi or to convert Cartesi into Bitcoin.
- Go to Swapzone.io to get your work started.
- Select BTC in the “Send” section.
- Specify the total amount you are going to transfer.
- Select CTSI in the “Get Up To” section.
- Review the offers on the screen. You will find multiple offers with the best rate listed at the top. You can also see how many minutes it would take for you to complete the exchange.
- Confirm the offer you wish to utilize by clicking “Exchange” and then enter the wallet to receive CTSI.
- Use the generated BTC address to send your BTC deposit.
- Wait for the deposit to be processed by the exchange service and the exchange to be done.
- Do not forget to rate the exchange partner, so we can gather more information on the exchanges for future users.
All in all, with a strong infrastructure and smart management formula of development, the Cartesi network has achieved a lot lately. The project aims to level up the Ethereum smart contracts to run more efficiently and cost-effectively. Its strong fundamentals, high work ethics, and solid market position also suggest that the coin is here to thrive and progress.