Cartesi PriceCTSI

What is Cartesi (CTSI)?

Cartesi (CTSI) is a layer-2 platform designed for the development and deployment of scalable decentralized applications. It bridges the gap between traditional software and blockchain by bringing decades of mature operating systems, programming languages, libraries, and tools to decentralized applications. The project is described as a trustless smart contract platform that acts as a layer-2 solution for multiple layer-1 blockchains, including Ethereum and Avalanche. Cartesi Rollups can be used as a layer two, a layer three, or as sovereign rollups, giving developers flexible options for scaling their applications.

Cartesi enables developers to build appchain rollups with any code while benefiting from the security of Ethereum. Its target users are developers building computationally intensive or app-specific dApps who want mature software and familiar languages rather than being limited to the EVM.

At the core of Cartesi's technology is the Cartesi Virtual Machine, which boots a mature operating system and gives developers access to a full suite of code libraries, programming languages, and open-source tooling. This allows DApp developers to move beyond the EVM and build powerful applications using familiar tools like Linux and Python, achieving improved scalability and security.

CTSI is the native token of the Cartesi ecosystem, built as an ERC-20 asset on the Ethereum platform. The token has a total supply and max supply of 1,000,000,000 CTSI. Cartesi was founded in 2018, and the CTSI cryptocurrency launched in 2020. The project is an open-source initiative built by a vibrant and growing ecosystem of independent teams, companies, and individuals, transparently and in public.

Key Specifications & Tokenomics

• Name: Cartesi
• Ticker / Symbol: CTSI
• Blockchain / Platform: Ethereum (ERC-20); Cartesi Rollups supports multiple layer-1 blockchains, including Ethereum, Avalanche, and Injective Protocol; the platform is described as blockchain agnostic
• Category: Layer 2, Smart Contracts, Smart Contract Platforms
• Contract Address (Ethereum): 0x491604c0fdf08347dd1fa4ee062a822a5dd06b5d
• Total Supply: 1,000,000,000 CTSI
• Max Supply: 1,000,000,000 CTSI
• Circulating Supply: 946,456,670 CTSI
• Circulating Supply Percentage: 94.64798697111657%
• Fully Diluted Valuation: $24,349,520
• Unlocked Market Cap: $23.12M
• CertiK Rating: 4.5 (Audits)
• Unlock status: fully unlocked (per tokenomist.ai)
• Launch Date: 2020 (project founded in 2018)
• Official Website: https://cartesi.io/
• Whitepaper: https://cartesi.io/cartesi_whitepaper.pdf

In April 2020, 100 million CTSI tokens were offered for sale in an initial coin offering that raised $1.5 million; Yahoo Finance lists the start date as 2020-04-23.

Who created Cartesi?

Cartesi was founded in 2018 by four co-founders: Erick de Moura, Augusto Teixeira, Diego Nehab, and Colin Steil. These founders bring a robust background in the field. Erick de Moura serves as Cartesi's CEO. The project's whitepaper was authored by A. Teixeira. The team has been active in the blockchain space since the project's inception, building Cartesi into an open-source platform supported by a growing ecosystem of independent teams, companies, and individuals.

The Cartesi Foundation is a non-profit organization supporting open technology, applications, education, and the contributors advancing Cartesi. Cartesi was originally conceived as a trustless artificial intelligence marketplace before evolving into a Layer 2 project focused on blockchain scalability.

The original whitepaper was published in 2019 and specifies the Cartesi Machine, its host interface, the blockchain interface for complex off-chain computations, and the Cartesi Node interface for performing and verifying those computations.

How does Cartesi work?

Cartesi operates as an application-specific rollup execution layer with a Linux runtime. Its architecture is optimized for app-specific rollups, providing scalable and secure chains tailored to each DApp's needs. The Cartesi Virtual Machine boots a mature operating system, giving DApp developers access to the full suite of code libraries, programming languages, and open-source tooling they are accustomed to, moving beyond the limitations of the EVM.

Applications run familiar languages and mature libraries inside a reproducible RISC-V machine; supported languages and tools include Python, Rust, C++, Go, SQLite, and NumPy.

CTSI is an ERC-20 token on Ethereum; it is used to incentivize Cartesi node operators to execute and verify computations honestly, to pay fees when interacting with the Noether side chain, and to stake in Cartesi's Proof of Stake system.

Validators replay execution independently on a reproducible RISC-V machine, and anyone can challenge an incorrect result through the fraud-proof system; value settles and disputes are arbitrated on Ethereum. Because of the dispute window, native finality takes several days, and liquidity providers can offer fast withdrawals in the meantime.

Noether is a sidechain that functions as a data availability oracle, temporarily recording and storing data needed only in the short term, which frees space on the main chain over time.

With Cartesi Rollups, DApps do not compete with each other for processing power like they do on Ethereum and existing L2 scaling solutions. Each DApp gets its own dedicated compute environment, bringing significant gains in computational scalability without compromising on decentralization. Cartesi Rollups inherit security and censorship resistance from Ethereum, providing base layer guarantees. Developers can build more intricate and computationally intensive DApps without having to reinvent new abstractions every time, and they can optimize specific DApp logic free from the intricacies of the blockchain itself and the design tradeoffs of the EVM.

What makes Cartesi unique and valuable?

Cartesi creates a boundless design space for cutting-edge developers. Its key differentiators include providing a full CPU for each DApp, meaning DApps don't compete with each other for processing power. The platform offers a full suite of open-source libraries for DApps, and with the Cartesi Virtual Machine, developers gain access to the full suite of code libraries, programming languages, and open-source tooling they're accustomed to.

Cartesi Rollups can be used as a layer two, a layer three, or as sovereign rollups, offering flexibility that few other platforms provide. The platform provides space for exploration, supporting decades of existing code libraries, programming languages, and open-source tooling. Developers benefit from supreme processing power, allowing them to build more intricate and computationally intensive DApps. A fully-fledged OS can be booted inside the Cartesi Virtual Machine, and developers can focus on optimizing specific DApp logic while inheriting security and censorship resistance from Ethereum. The project tagline, "Any Code. Ethereum's Security," encapsulates its value proposition: Cartesi gives DApps their own rollup with dedicated compute, bringing significant gains in computational scalability without compromising on decentralization. L2BEAT classifies Cartesi PRT Honeypot v2 as a Stage 2 appchain.

What is Cartesi used for?

CTSI is the native token of the Cartesi ecosystem, powering governance processes, playing a central role in the ecosystem's economics, and aligning incentives to support DApp growth through the Validator Marketplace. Within the Validator Marketplace, the CTSI token enables holders to support validator services, signal promising DApps, and share incentives to drive ecosystem growth.

CTSI also powers community-driven governance. From developer grant allocations to technical proposal consultations, the CTSI token empowers stakers to shape ecosystem decisions by voting in governance processes. Through staking, CTSI unlocks reward opportunities and offers stakers voting rights, enabling active participation in ecosystem governance. Once the Validator Marketplace is fully implemented, CTSI holders will be able to get involved by delegating tokens to experienced validators for a share of rewards or backing promising DApps, benefiting as these projects grow.

How Is the Cartesi ecosystem developing?

Cartesi is an open-source project built by a vibrant and growing ecosystem of independent teams, companies, and individuals, transparently and in public. The ecosystem includes several initiatives designed to engage developers and community members. A Bug Bounty program called Honeypot invites participants to try cracking the Honeypot code and drain the pot to claim locked funds. Incentivized Quests allow participants to earn CTSI by completing quest challenges and participating in ecosystem activities.

Knoss is an independent derivatives exchange being built on Cartesi Rollups, and DOOM Arena is a verifiable speedrun demonstration of Cartesi Rollups and fraud proofs.

A Staking Program lets holders stake their CTSI in a staking pool. The Governance Hub enables participation in community governance, while the Community Hub explores upcoming events, ecosystem partners, and ways to get involved. Cartesi also maintains a Discord community where members can connect with core contributors and fellow builders, get technical support, showcase projects, and stay updated. The project has a newsletter for updates on features and releases, and the ecosystem supports a growing number of holders, currently over 30,000.

How to mine Cartesi?

Cartesi (CTSI) is not mined through traditional proof-of-work mining. Instead, CTSI operates as an ERC-20 token on the Ethereum platform, and the primary way to earn rewards is through staking. Holders can stake their CTSI in a staking pool through the Staking Explorer; reward rates are variable and not guaranteed, and staked tokens may be subject to slashing or price declines. Staking also unlocks voting rights, enabling active participation in ecosystem governance.

CTSI is not mined; it is an ERC-20 token on Ethereum. Rewards come from staking in Cartesi's Proof of Stake system, where CTSI incentivizes node operators to execute and verify computations honestly, and from delegating tokens to experienced validators through the Validator Marketplace once it is fully implemented.

Additionally, participants can earn CTSI by completing quest challenges and participating in ecosystem activities through Incentivized Quests. The Validator Marketplace, once fully implemented, will allow CTSI holders to delegate tokens to experienced validators for a share of rewards or back promising DApps. There is also a Honeypot bug bounty program where participants can attempt to crack the Honeypot code and drain the pot to claim locked funds.

How to keep your Cartesi Coin safe?

CTSI is an ERC-20 asset, which means it can be stored in any wallet that supports ERC-20 tokens. This gives holders flexibility in choosing a storage solution that fits their security needs. For maximum security, hardware wallets are recommended for long-term storage, as they keep private keys offline and protected from online threats.

When using software wallets, ensure you download only from official sources and verify URLs carefully. Never share your private keys or seed phrase with anyone. Enable two-factor authentication where available, and consider using a separate wallet for interacting with decentralized applications versus long-term storage. Since CTSI can be bought, sold, managed, and traded directly in MetaMask, users should ensure their MetaMask extension or app is up to date and sourced from official channels. Always double-check contract addresses before interacting with any token, and be cautious of phishing attempts that mimic official Cartesi channels.

How to buy Cartesi Coin?

CTSI is available for purchase on centralized and decentralized exchanges, and can be stored in any wallet that supports ERC-20 tokens. Compare fees, liquidity, and regulatory standing before choosing a venue, and note that leveraged trading can amplify losses.