Cartesi Team • Dec 01, 22
Cartesi’s November 2022 Monthly Recap
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Cartesi is an app-specific rollup protocol with a virtual machine that runs Linux distributions, creating a richer and broader design space for DApp developers. Cartesi Rollups offer a modular scaling solution, deployable as L2, L3, or sovereign rollups, while maintaining strong base layer security guarantees. CTSI holders can stake their tokens to participate in the ecosystem’s community-driven governance mechanisms. To learn more, visit the Cartesi Governance Page.
Cartesi (CTSI) is an application-specific rollup protocol that seeks to enhance the design space for DApp developers. It operates with a virtual machine that runs Linux distributions, providing a more extensive and diverse environment for development. Cartesi Rollups are a modular scaling solution that can be deployed as L2, L3, or sovereign rollups, while maintaining strong base layer security guarantees. The unique aspect of Cartesi is that it allows developers to move beyond shared computation and EVM design limitations. Each DApp gets a full CPU, and developers gain access to a full suite of open-source libraries, programming languages, and tooling they're accustomed to.
Cartesi operates by providing each DApp with a dedicated CPU and rollup, enhancing computational scalability while preserving decentralization, security, and censorship resistance. This approach allows DApps to avoid competing with each other for processing power, as they do on Ethereum and existing L2 scaling solutions. The Cartesi Virtual Machine enables developers to use familiar libraries, languages, and tooling, moving beyond the EVM. Cartesi Rollups can be used as a layer two, a layer three, or as sovereign rollups, providing flexibility and scalability for developers.
Cartesi seeks to provide a boundless design space for cutting-edge developers. It allows for the exploration of a rich new design space that supports decades of existing code libraries, programming languages, and open-source tooling. This opens up opportunities for the development of more intricate and computationally intensive DApps without having to reinvent new abstractions every time. Cartesi also enables developers to optimize specific DApp logic, freeing them from the intricacies of the blockchain itself and the design tradeoffs of the EVM. Furthermore, CTSI holders can stake their tokens to participate in the ecosystem’s community-driven governance mechanisms.
Cartesi is an open-source project built by an ecosystem of independent teams, companies, and individuals. The project has been developed transparently and in public, fostering a community of collaboration, experimentation, and risk-taking. Cartesi Rollups went live on Mainnet with the Honeypot dApp, marking a milestone in the project's history. The Cartesi Foundation, which commissioned the Cartesi Project, continues to oversee its development and growth. The project's history shows a commitment to developing Web3 technology and expanding the capabilities of the network.
Cartesi (CTSI) is a layer-2 solution that strives to bridge the gap between traditional software stacks and blockchain technology. It aims to achieve this by integrating a Linux-based virtual machine, known as the Cartesi Machine, into its infrastructure. This machine operates off-chain, executing decentralized application (dApp) computations in a Linux environment before transmitting the results back to the blockchain. This approach provides developers with the opportunity to utilize a wide range of established programming languages, with the intention of making dApps more scalable and user-friendly. Cartesi employs a sidechain called Noether for temporary data storage, aiming to optimize storage management and cost savings. The combination of on-chain and off-chain operations seeks to ensure that even when dApp executions are performed off-chain, they remain verifiable and trustworthy once relayed on-chain.
Cartesi strives to bring mainstream software stacks to the blockchain, aiming to make decentralized applications (dApps) scalable and user-friendly while aiming to ensure data security. It combines the capabilities of Linux programming with the security features inherent to blockchain technology. At the heart of this synthesis is the Cartesi Machine, a Linux-based virtual entity operated by Cartesi nodes, which aims to reduce the computational burden on the primary blockchain. Cartesi also features the Noether sidechain, a mechanism designed for temporary data storage, aiming to promote optimal storage management. This intricate hybrid structure, operating synchronously across on-chain and off-chain domains, aims to ensure that dApp executions, even when performed off-chain, can be verified once relayed on-chain. Cartesi's integration of the Noether sidechain and the hybrid structure aims to contribute to a blockchain ecosystem that is scalable and cost-effective.
Developers have the potential to utilize CTSI, the native token of Cartesi, to develop scalable and decentralized smart contracts. Cartesi is a layer-2 platform that aims to incorporate Linux and standard programming environments into blockchain. This integration strives to enable developers to code scalable smart contracts using familiar software tools, libraries, and services. Cartesi's DApps are composed of both blockchain and off-chain components. The off-chain components function within Cartesi Nodes, which aim to represent the interests of each DApp user. These nodes provide developers with reproducible Cartesi Machines, where large scale verifiable computations can be executed. These verifiable computations aim to be integrated into smart contracts by primitives that strive to provide conflict resolution guarantees. In practical terms, a Cartesi DApp back-end aims to function like a smart contract, but with increased complexity. This suggests that developers may create decentralized applications of arbitrary complexity, using mainstream development tools and software stacks, and aim to have all of it sit on top of established blockchain networks.
Cartesi aims to bridge the gap between blockchains and the real world by providing an infrastructure layer that strives to enable blockchains to achieve consensus over real-world computations happening off-chain. It leverages the security and economy of the blockchain while aiming to enable intensive computational tasks. Cartesi seeks to reduce reliance on central authorities or reputation systems. Developers have the potential to write programs that aim to have their execution states verified and reproduced across different network nodes, rely on the performance of off-chain processing, use any source of data of whatever required size, and obtain consensus about the execution states of programs running off-chain. This approach has potential implications for scalability, potentially allowing developers to use the programming languages, tools, libraries, software, and services they are already familiar with.
Cartesi (CTSI) strives to provide an operating system that uses off-chain computation, which aims to allow developers to use familiar software stacks such as Linux. This is intended to facilitate the building of complex DApps. Cartesi's strategy includes off-chain execution of complex computations, which is part of its approach to manage processing times and costs. On-chain verification is also part of Cartesi's strategy, aiming to maintain efficiency. Cartesi seeks to provide a method for blockchain integration, which intends to enable developers to write code that interacts with any blockchain, without the need to understand its underlying architecture or programming language. This is designed to manage the time required for development by abstracting the complexities of traditional blockchain development. Cartesi's approach is intended to provide flexibility and ease-of-use for developers aiming to build on existing infrastructure. Cartesi aims to address the challenges of scalability and computation costs on blockchain by integrating a Linux-based virtual machine for off-chain computations. This approach intends to perform complex computations off-chain, aiming to reduce the computational load on the primary blockchain. Cartesi introduces a concept called Cartesi Optimistic Rollups, which aims to shift the bulk of computation from the blockchain to a layer-2 protocol. This shift is intended to reduce the computational load, as running things on-chain is typically resource-intensive. Moreover, Cartesi seeks to enhance content scalability, allowing developers to tap into the accumulated knowledge contained in modern development ecosystems. This is achieved by incorporating Linux and all of its toolchains inside Ethereum, enabling the use of modern computational resources. This approach intends to address both computational and content scalability, with the intention of facilitating the development of complex decentralized applications (dApps).
CTSI, the native utility token of the Cartesi network, contributes to the adoption of decentralized applications (DApps). It serves as a component of the Cartesi ecosystem, enabling users to participate in the network, engage with their tokens, and access various services and resources. Cartesi aims to provide a decentralized infrastructure that allows developers to build complex and scalable applications that have the potential to integrate with existing systems. This approach seeks to reduce the dependency on learning new programming languages or frameworks, and it facilitates developers' initiation. CTSI holders can participate in the Cartesi governance model, contributing to important decisions and proposals within the network. This decentralized governance model allows for community input and plays a role in shaping the future of Cartesi.
Businesses can integrate Cartesi into their blockchain projects for off-chain computation by utilizing Cartesi Nodes and Cartesi Machines. Cartesi Nodes represent the interests of each decentralized application (DApp) user and provide developers with reproducible Cartesi Machines where large-scale verifiable computations can be run. These computations are easily integrated into smart contracts through powerful primitives that provide strong conflict resolution mechanisms. Any disputes over the results of computations run inside Cartesi Machines can be fairly adjudicated at negligible cost on the blockchain. Cartesi Nodes also allow DApp developers to run native code, leveraging the node's full processing power, including any available GPUs. By moving most of the complex logic of their DApps to portable off-chain components, developers may potentially navigate some limitations associated with blockchains. This integration seeks to offer potential improvements in the scalability and efficiency of blockchain projects.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
$159.1M
$5.2M
810.7M CTSI
15 days
#321
$1.80
+0.56%
-4.16%
-1.46%
-0.36%
-30.04%
+19.24%
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343 unique individuals are talking about Cartesi and it is ranked #550 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Cartesi has an average sentiment score of 3.7 out of 5. Finally, Cartesi is becoming more newsworthy, with 0 news articles published about Cartesi. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bullish about Cartesi. There were 72.36% of tweets with bullish sentiment compared to 9.76% of tweets with a bearish sentiment about Cartesi. 17.89% of tweets were neutral about Cartesi. These sentiments are based on 123 tweets.
On Reddit, Cartesi was mentioned in 99 Reddit posts and there were 171 comments about Cartesi. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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343 people
87 posts
0.02%
#550
3.7 out of 5
123 people
72.36%
Bullish
17.89%
Neutral
9.76%
Bearish
99
171
190
204
CTSI/CAD (Canadian Dollar)
CA$0.27
CTSI/JPY (Japanese Yen)
¥30.59
CTSI/INR (Indian Rupee)
₹16.41
CTSI/BRL (Real)
R$1.01
CTSI/EUR (Euro)
€0.18
CTSI/NGN (Nigerian Naira)
NGN 280.88
CTSI/KRW (South Korean Won)
₩269.29
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The price of Cartesi has increased by 0.56% in the last hour and decreased by 4.16% in the past 24 hours. Cartesi’s price has also fallen by 1.46% in the past week. The current price is $0.20 per CTSI with a 24-hour trading volume of $5.18M. Currently, Cartesi is valued at 89.09% below its all time high of $1.80. This all-time high was the highest price paid for Cartesi since its launch.
The current circulating supply of Cartesi is 810,736,316.752 CTSI which means that Cartesi has as total market cap of 810,736,316.752.
We update our Cartesi to USD currency in real-time. Get the live price of Cartesi on Coinbase.
The current market cap of Cartesi is $159.11M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Cartesi is $1.80. This all-time high is highest price paid for Cartesi since it was launched.
Over the last 24 hours, the trading volume of Cartesi is $5.18M.
Assets that have a similar market cap to Cartesi include Harmony, yearn.finance, Beldex, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Cartesi is 811 million.
The median time that Coinbase customers hold Cartesi before selling it or sending it to another account or address is 15 days.
Cartesi ranks 82 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 90% of Coinbase users are buying Cartesi. In other words, 90% of Coinbase customers have increased their net position in Cartesi over the past 24 hours through trading.
Yes, Cartesi is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Cartesi guide.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.