On April 13, 2020, Binance announced the next Binance Launchpad project named Cartesi (CTSI).
Cartesi makes DApps significantly more powerful, cheaper, easier to develop, and mobile. Aim for the main productivity gains for developers and user experience.
CTSI is a native token that was designed to overcome the fundamental challenges facing blockchains in terms of usability and scalability.
In the long run, CTSI is expected to capture most of the value in the DApp ecosystem, with mobile DApps on different blockchains.
Some Cartesi algorithms are based on PoS and their security depends on the assumption that the CTSI tokens are evenly distributed among the users running the Cartesi node.
Cartesi aims to provide scalability for decentralized applications through a network of nodes. The CTSI token was designed to encourage Cartesi node operators to interact with the system effectively. To include:
CTSI was designed to overcome the fundamental challenges that blockchains face in terms of usability and scalability.
The Cartesi network will rely on PoS protocols to provide services such as side chains optimized for high throughput and temporary data storage for DApps.
The Cartesi team plans to introduce token inflation to win prizes in the future, but it hasn’t been finalized yet.
Cartesi spent 72% of the funds raised to carry out the following activities:
You can store directly on Binance or on the wallet that supports ERC20 tokens such as: Trust Wallet , MyEthrewallet.
Cartesi is developing an operating system for dApps. It allows for complex and intensive calculations to be performed in a Linux environment, outside the blockchain.
It does not affect the hierarchy. Cartesi aims to make dApps significantly more powerful , cost-saving, easier to develop and portable.
It is difficult to imagine a future for decentralized applications without the infrastructure that Cartesi brings to the ecosystem.
Cartesi exists to provide infrastructure for decentralized applications, making it easier for developers to create and experience a user experience comparable to Internet applications. Also, think of all veteran / mainstream software developers who will have a much lower barrier to entry to developing DApps.
Cartesi solves many infrastructural problems of the blockchain and will enable a new wave of DApps that were not possible before.
It is not just a simple technology, but a versatile platform that will benefit blockchain applications, regardless of the industry.
Cartesi knows that the Chinese government recently announced a series of blockchain strategies to explore more business possibilities with different sectors.
Blockchains do not support the core computations we have allowed on our computers and devices. These calculations typically involve billions of steps and involve large amounts of data.
With Cartesi, we can have typical real-world calculations running off-chain on a Linux environment, so that the blockchain can be verified. DApp users can obtain off-chain consent and if fraudulent calculations are involved.
The Cartesi network and the CTSI token use services and economic incentives that allow users to participate in DApps in a safe and convenient way. In the future it will develop more fully.
There are many cartesi partners you can refer to in the following picture, and some decent partners too.
Some outstanding partners are:
And some characters that play an important role:
Cartesi Machine Emulator: is the reference off-chain implementation of the Cartesi Machine Specification.
Solid simulation of Cartesi RISC-V: it is a host distribution on the Cartesi machine specification chain.
Grpc interface: the Cartesi gRPC Interface repository contains all the gRPC and Protobuf definitions used in the gRPC interfaces of the Cartesi Project modules.
Creepts is a Tournament game and a tower defense game. This game introduces a fully decentralized game developed using regular software on Linux and also requires billions of microprocessor instructions (and therefore cannot be run on the chain).
Cartesi will initially focus its community development efforts in China, Korea, Turkey, Russia and Vietnam and will expand to other regions.
Cartesi’s current community development strategies include:
The future development strategy of the Cartesi community includes:
I hope this article gives you a complete insight into Cartesi (CTSI).
Before investing or planning to participate in the Cartesi ecosystem, remember to read the article to fully grasp the knowledge.
We also invite you to read our Copy my Crypto review. Copy my Crypto is in our opinion the best website out there for crypto investors and enthusiasts.
This article is not investment advice, please consult your financial advisor before investing in cryptocurrencies. Good luck.
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