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Cartesi

CTSI

4.7

Price
$0.14
10/3/2022, 3:12:07 PM
diamondHands

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Market

Market stats

Market cap

$87.8M

Volume (24h)

$4.2M

Circulating supply

623.4M CTSI

Typical hold time

5 days

Popularity

#107

All time high

$1.75

Price change (1h)

+0.5%

Price change (24h)

+2.15%

Price change (7d)

+1.37%

Trading activity

72% Buy0% Buy
28% Sell100% Sell

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Cartesi is on the rise this week.

The price of Cartesi has risen by 1.37% in the past 7 days. The price increased by 2.15% in the last 24 hours. In just the past hour, the price grew by 0.50%. The current price is $0.14075 per CTSI. Cartesi is 91.96% below the all time high of $1.75.

The current circulating supply is 623,417,161 CTSI.

About

CTSI is a utility token that powers the Cartesi network, which aims to solve blockchain scalability and high fees using technologies such as Optimistic Rollups and side-chains. CTSI can be used for staking and fees for processing data on the network. Notably, Cartesi supports Linux software components and enables smart contract creation using mainstream programming languages.

What is Cartesi (CTSI)?

CTSI is a utility token that runs the Cartesi network, which aims to tackle the issues of blockchain scalability and high fees. Scalability refers to a cryptocurrency's ability to handle a high number of transactions at once. The platform employs the use of optimistic rollups.Optimistic rollups (ORs) are a sort of layer 2 structure that runs on top of the Ethereum base layer rather than on the top. A layer 2 framework or protocol is one that is developed on top of an existing blockchain system.

Problem and Solution: One of the biggest issues plaguing the Ethereum platform has been lack of scalability and a solid development environment. DApps were unable to function properly on the platform. As a result, Cartesi (CTSI) was developed with a mission to increase the processing power of DApps while managing security as well.

Cartesi bridges the gap between Linux and blockchain. Cartesi is a Linux runtime environment that enables the development of scalable blockchain DApps. As a result, the platform provides high processing power and high-level programming capability to DApps. On the contrary, DApps that are only based on smart contracts have serious limitations in terms of the amount of data they can manipulate and the complexity of computations they can conduct. DApps on smart contracts incur higher costs and take a longer time. In contrast, Dapps built using Cartesi are far more powerful and simple to create.

To fill in, smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on Blockchain.

Notably, some features of the Cartesi platform are: 

  • Limitless coding: Smart contracts can be created by developers using standard software stacks. Hence, users/developers can make a fruitful transition from Solidity (high-level programming language) to the big universe of software components offered by Linux. 

  • Massive scalability: The platform makes it possible to increase computational scalability and  availability of large seized data files and lower costs of the transaction. Cartesi also makes sure to preserve the strong security guarantees of Ethereum.

  • Privacy guarantees: The platform ensures to preserve privacy on DApps.

In addition, three main components of the Cartesi platform are:

  • Descartes: Descartes is a computer program that does computing work off-chain on a Linux virtual machine that is completely specified by a smart contract. As a result, the blockchain's underlying security guarantees are maintained. A virtual machine (VM) is a computational resource that runs programs and deploys apps using software rather than a real computer.

  • Descartes Rollups: These are smart contracts that are scalable and implemented with common software stacks. Interestingly, Descartes Rollups is an optimistic rollups version with interactive dispute resolution. 

  • Noether: Cartesi's Noether is a side chain (clockchain linked to another blockchain),  intended for temporary data availability. Noether enables DApps to achieve fast transaction speeds and allows them to store a large amount of data at lower costs.

Coming to the token, the native token CTSI is a utility token of Cartesi that is secured cryptographically. CTSI was created to serve a significant part in the operation of the Cartesi ecosystem. The Cartesi token also plays an important role in Cartesi Core's incentive mechanism. CTSI is used to reward users for participating in the network.

History of Cartesi (CTSI)

Erick de Moura, Augusto Teixeira, Diego Nehab, and Colin Steil established Cartesi in 2018. The founding team became interested in blockchain since one of the founders, Augusto Teixeira, was an academic co-author with Serguei Popov, the founder of IOTA. Popov was an early investor and counsellor to Cartesi. Teixeira was the one who came up with the notion of developing a trustless AI marketplace for data scientists. Erick de Moura holds 20+ years of experience in the software industry and worked in different sectors like fintech, e-commerce, etc. Diego Nehab is the CTO of Cartesi and is a renowned researcher and a mathematics graduate. Colin Steil is COO of Cartesi and was also associated with several ventures, namely Bitmex and SOSV. Lastly, Augusto Teixeira is chief scientific officer at Cartesi and has a PhD in mathematics and a degree in physics.

The light paper of the platform was published in 2020.

How Are New CTSI Tokens Earned?

Cartesi applies a proof-of-stake mechanism for staking and rewarding users. With Noether, users can stake tokens on the platform and mine rewards. Further, an investor can stake CTSI tokens by running a node, staking delegation, or custodial staking. Lastly, it should be noted that 2900 CTSI tokens are rewarded to users on the production of one block in the system.   

How Many CTSI Tokens Are There?

The max supply of Cartesi is 1,000,000,000 tokens.

How to Buy CTSI Tokens

CTSI tokens can be traded on Coinbase.

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Social

Cartesi on social media.

Cartesi was mentioned in 79 out of 1,320,040 social media posts on Twitter and Reddit on Oct 02, 2022. 90 unique individuals are talking about Cartesi and it is ranked #632 in most mentions and activity from collected posts.

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Key indicators

Contributors

90 people

Posts

79 posts

Dominance

0.01%

Volume rank

#632

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FAQ

What is the current price of Cartesi?

The price of 1 Cartesi currently costs $0.14.

What is the market cap of Cartesi?

The current market cap of Cartesi is $87.78M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Cartesi?

The all-time high of Cartesi is $1.75. This all-time high is highest price paid for Cartesi since it was launched.

What is the 24 hour trading volume of Cartesi?

Over the last 24 hours, the trading volume of Cartesi is $4.15M.

What other assets are similar to Cartesi?

Assets that have a similar market cap to Cartesi include Constellation, Project Galaxy, XYO, and many others. To see a full list, see our comparable market cap assets.

How many Cartesi are there?

The current circulating supply of Cartesi is 623 million.

What is the typical holding time of Cartesi?

The median time that Coinbase customers hold Cartesi before selling it or sending it to another account or address is 5 days.

What is the relative popularity of Cartesi?

Cartesi ranks 72 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Cartesi?

Currently, 72% of Coinbase users are buying Cartesi. In other words, 72% of Coinbase customers have increased their net position in Cartesi over the past 24 hours through trading.

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