A lot of investors are focusing on the cryptocurrencies such as Bitcoin and Ethereum. Yet, instead of potentially earning from other opportunities, these investors get stuck in one or two cryptos that provide slow growth of income.
With projects like Cartesi, however, this could all change. In fact, did you know that its native token CTSI-USD has just moved by 103% in the past months? Not a lot of cryptocurrencies move up that fast unless they are meme coins with no solid background.
We all know that retail investors are fond of pumping and dumping meme crypto. But unlike these memes, Cartesi allows you to rely on better investments.
Who is Cartesi?
Cartesi is one of the most famous blockchain projects right now, founded by Erick de Moura, Augusto Teixeira, Diego Nehab, and Colin Steil. Currently, Cartesi produces three products aligned with its objectives to bridge the gap between mainstream software and blockchain, which include Descartes, Noether, and Descartes Rollups.
Descartes enables developers to do large calculations on a Linux virtual machine while also including blockchain verification. Alongside this, Cartesi Rollups allows developers to use mainstream software components to code smart contracts that run on a Linux VM, allowing for scalability while preserving the strong security guarantees of the blockchain. Noether, on the other hand, is a side-chain technology that enables decentralized applications to transport and store data at a reduced cost.
To highlight the popularity of this project, Cartesi was mentioned by Ben Armstrong (aka BitBoy Crypto, a renowned bitcoin influencer) for having great value in the future moving forward.
Why Is Cartesi Important?
While there are many reasons why people are turning their heads and seeing the value of Cartesi, we highlight some of the top three points that are worth considering.
1: Addresses the Scalability and Infrastructure Issues
One of the things that Cartesi is doing best is responding to the urgent need to address the issue of blockchain scalability and high transaction costs that are often faced by investors and developers. Not only this, but Cartesi also solves infrastructure problems by allowing smart contracts to be coded with mainstream software.
Cartesi provides a million-fold increase in computing scalability in the first months of 2021 by developing a variety of optimistic rollups called Cartesi Rollups. This project allows the execution of large-scale smart contracts through off-chain computations of heavy activities, which doesn’t disrupt the security provided by the Ethereum blockchain.
2: Low Cost for Data Storage
When developing decentralized applications, developers must consider the cost of data storage on the Ethereum network. The cost of data availability for Ethereum-based decentralized applications is rather expensive, which is indeed too much for developers to bear.
Cartesi’s Noether is one of the company’s three primary products. It is essentially a high-performance data availability side chain designed for the temporary availability of data. Noether enables decentralized apps to achieve high throughput by providing affordable access to huge file storage.
3: Partnership With Big Brands
Last but not least, Cartesi has recently obtained significant agreements. This is a result of its demonstrated proof-of-concept in addressing the issue of scalability. Moreover, Cartesi worked with 3 major staking institutions during the Beta launch of Noether’s Delegated Staking on Mainnet: Everstake, Blockscope and HashQuark. After Noether’s full release on Mainnet, more staking providers were welcomed, such as RockX and Omnistake. Additional partners include Avalanche, Binance Smart Chain, Elrond, Polygon, IOTA and IoTeX.
How Cartesi Users Will Benefit From Staking
Users or holders of CTSI can benefit from many things related to staking. By staking with Cartesi, stakers will now be able to determine their rewards even before they stake. This can help them manage their investments well, especially now that there are plenty of opportunities in the blockchain space.
Why Staking Is Relevant to Cartesi
Staking has become relevant for a project like Cartesi as it provides a solution to the major staking problems a lot of investors are facing right now.
With Cartesi’s Reserve mining, holders of CTSI may stake or become node validators. Moreover, Cartesi (CTSI) is developing a PoS system that addresses some of the fundamental drawbacks of Proof of Stake.
As mentioned above, with Cartesi, users will not be required to make assumptions about their risk preferences. They can pick different options according to their respective goals, and additionally, instead of relying on changing rewards, users can know what they will get from staking CTSI.
Upcoming Milestones to Expect From Cartesi
If you are a user of Cartesi or a holder of CTSI, you can expect Cartesi to make good improvements on its already operational innovative systems. Last October, Noether introduced a whole new level of staking systems for both individuals and organizations. With this innovation, they can now make and manage staking pools without a threshold.
Also, as per Cartesi’s November 2021 Development Recap, there will be developments on Cartesi Rollups, Noether’s PoS Delegation System, and Texas HODL’em Poker. As of this writing, Cartesi Rollups are undergoing auditing and intense testing. Noether has over 125,000,000 CTSI staked and Texas HOLD’em Poker is progressing towards the full MVP integration of the showcase decentralized application.
In early December, Cartesi released additional rollups details that are said to be a “fundamentally different approach to rollup.” Going beyond scaling, their R&D efforts are aimed at helping seemingly impossible DApps get closer to reaching reality. While further elaboration will be made in the coming weeks by Cartesi themselves, to summarize:
- HTTP API — As an attempt to help bring programming for the Cartesi Rollups that resemble the ease and comfort of traditional web development, they will introduce an API that does exactly that. What this means is that the interaction with DApps on Cartesi will be familiar for developers, following well-known Web standards.
- Microarchitecture and Arbitration — Cartesi’s research team has also recently discovered a way to reduce the complexity of on-chain implementation. Simply put, this helps to reduce potential vulnerabilities from subtle discrepancies between on-chain and off-chain ISA implementations. It also helps porting Cartesi Rollups to any other blockchain much easier. And lastly, all of said changes help the project to add features to the architecture much faster, with increased security.
For further information and deeper dive into Cartesi’s upcoming Rollup details, we suggest visiting their Medium to stay updated.
Why You Should Be Paying Attention to Cartesi
With all being said and done, Cartesi is making big moves on the blockchain, becoming the first operating system for it. Cartesi Rollups can give blockchain developers a real Linux OS, regardless of any underlying chain.
In the coming year, Cartesi plans to welcome their first Heroes (pioneers, the first people to start using Cartesi technology) to their OS in 2022. From hackathons to events, the project is aiming to strengthen their community and build a stronger, more decentralized ecosystem.
Defined as the “home to what’s next,” Cartesi’s mission will clearly change the landscape of Web 3.0 and the world at large. As the first OS on the blockchain, their Layer-2 solution integrates Linux and standard programming environments to the blockchain. As such, developers will be able to code smart contracts and libraries as they are normally accustomed to doing, except now on the blockchain, with much more simplicity, security, and familiarity.
