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Cartesi (CTSI) Price
CTSI
$0.152586
Market cap
128,801,872.0
Total volume
23,907,623
Circulating supply
841,433,126
Total supply
1,000,000,000
Cartesi is pioneering the application-specific rollups sector, furnishing a Linux powered execution layer. Its heart lies in the RISC-V virtual machine, seamlessly incorporating decades of open-source innovation directly into blockchain platforms, enabling the creation of decentralized applications using beloved libraries, compilers, and a vast array of open-source tools. Cartesi Rollups extend their utility as a versatile layer 2 solution over Ethereum or as a layer 3 solution atop platforms like Optimism, Arbitrum, and zkEVM chains, including the option for independent rollup deployments.
What Sets Cartesi Apart and Its Main Attractions
Cartesi stands out by crafting an application-specific rollup execution layer energized by a Linux environment. Thanks to its RISC-V virtual machine, developers gain the unparalleled advantage of leveraging vast open-source resources to innovate within the blockchain space, using preferred tools to craft decentralized applications.
Decentralized Applications (DApps) are hosted on bespoke, application-specific rollup chains;
DApps operate within Cartesi’s ecosystem without vying for limited block space;
Significantly amplifies computational capabilities for Ethereum or Layer 2 solutions;
Empowers developers to employ favored libraries, compilers, and open-source elements in decentralized logic;
DApps maintain the robust security and anti-censorship features of the base blockchain;
Deployment options for Cartesi Rollups include layer 2 over Ethereum, layer 3 on platforms like Optimism, Arbitrum, zkEVM chains, etc., or as autonomous rollups;
Cartesi Rollups broaden horizons for developing more complex and expressive blockchain applications.
The Driving Force Behind Cartesi
The Cartesi Foundation prides itself on a vibrant ecosystem of contributors, populated by professionals, researchers, and engineers passionately pioneering advanced blockchain technologies.
Core members of the Cartesi team draw on deep industry and academic expertise, with standout experiences at global institutions like Microsoft Research and academic qualifications from esteemed universities including ETH Zurich and Princeton.
For a deeper dive into the Cartesi Foundation’s journey and a comprehensive view of its members, please visit the About page.
Purposes and Uses of CTSI
The Cartesi token, CTSI, is intricately designed to facilitate protocol governance while enhancing the efficiency and response time of Cartesi DApps.
CTSI’s pivotal role centers on governing the Cartesi ecosystem.
The decentralized ecosystem of Cartesi Foundation employs CTSI for community members to express their views on Cartesi Improvement Proposals (CIPs) recommendations, including projects like the Cartesi Community Grant Program which supports new DApps on Cartesi Rollups, public benefits, or retroactively rewards successful initiatives within the Cartesi framework.
As the Cartesi Foundation progresses towards greater decentralization, CTSI will play a critical role in steering the ecosystem, network, and DAOs into the future.
Furthermore, CTSI is poised to become increasingly indispensable for DApps’ convenience and timeliness through Noether. Noether stands as a proof-of-stake mechanism addressing the timeliness of blockchain transactions prone to race conditions. Participants in Noether, including node runners and stakers, receive financial incentives for ensuring the swift execution of future services in the Cartesi Ecosystem, such as decentralized sequencing, automatic execution vouchers, liquidity provision, and validator rewards.
In addition to its foundational role in governance, CTSI holders aiming to engage in governance activities are required to delegate their tokens within the PoS framework.
Last news
09/24/2024
09/24/2024
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09/23/2024