Two of the big roadblocks in blockchain tech that recent developments have tried to tackle are scalability and high transaction fees. As a result, competition in the layer 2 space is ferocious and that can sometimes throw out highly innovative solutions. Cartesi is one such attempt to achieve ideal scalability, enabling unprecedented decentralized app development.
Are you interested in Cartesi (CTSI), but not sure what it’s all about or where to even begin? Or you’re already a holder of its token and wondering how can CTSI holders stake? Fret not as this guide will teach you the basics of the project and get you ready to jump into the most user-friendly trading experience available on the market.
What is Cartesi (CTSI)?
Cartesi is a layer 2 optimistic rollup that seeks to overcome the issue of scalability and high fees on blockchains and take smart contract and dApp development to the next level. In simple terms, this means that it doesn’t run on a blockchain’s base layer, instead sitting on top of it in such a way that the smart contracts it runs can scale while still being secured by the blockchain.
By making sure dApps and smart contracts remain verifiable on the underlying blockchain while off-chaining the complex processes that would otherwise result in high transaction fees, Cartesi offers users the ability to run both scalable smart contracts and dApps that are coded with mainstream software stacks.
How Does Cartesi Work?
So how does Cartesi accomplish the task of bridging the gap between mainstream software and smart contracts? In short, it does this by utilizing the vast realm of existing programming tools available on Linux. It’s worth remembering here that a huge proportion of the world’s tech – from supercomputers to smartphones and cloud services – runs on Linux. The outcome is that Cartesi is a very attractive environment for developers since it provides some features that enhance dApp programming.
Perhaps the most important of these features is Cartesi’s ability to provide real-world computation within a blockchain setting, taking full advantage of both environments. Blockchains struggle to perform intensive computations available to external platforms but provide a level of security that is otherwise unmatched. By relying on the processing power of Linux, Cartesi grants developers access to all of the tools and services that have been developed for this operating system over the last two or three decades.
Portability is another advantage Cartesi successfully brings to the table. This means that the nodes of Cartesi software are blind to the blockchain they are using, so they can run on any blockchain. As well as eliminating the details of the blockchain from the computations, this divorces them from the underlying blockchain to the point that they can be portable. At the same time, Cartesi dApps and smart contracts can rely on the immutability and security of the underlying blockchain.
Lastly, Cartesi has achieved a high degree of consensus stability since computations that are run beyond the blockchain can easily be verified by any party. When disputes arise, Cartesi sorts them automatically – providing a consensus guarantee and also keeping the required computations to a minimum.
How to Use Cartesi
CTSI is a utility token that acts as crypto-fuel for Cartesi’s NoETHer high-performance sidechain. Stakers receive CTSI rewards in return for staking their coins and as a reward for participating in the network. Additionally, network users need to use CTSI to pay fees to be able to add data to the sidechain.
CTSI also plays a role in Descartes SDK rollups in that it is used by dApps to outsource the verification and enforcement of computations to entities running Descartes nodes.
Cartesi has already demonstrated a use case for its network with the creation of the Creepts game. Creepts was a tower defense game that saw 30,000 unique players show that somETHing very complex and processor-intensive could run on Ethereum using Cartesi’s decentralized and scalable technology.
However, the platform has uses that go beyond gaming. The most fundamental use case of Cartesi is that it can be used to enhance the performance of any app, whETHer it is used in decentralized finance, logistics, research, or logistics.
How Can CTSI Holders Stake?
CTSI holders can either install Docker Engine on their computer to become a node runner, use Cartesi Explorer to create a staking pool, or delegate their tokens to an existing pool.Detailed instructions on how to do this can be found on the project’s website.
Closing Thoughts
As a barrage of level 2 solutions appear to tackle the issues of scalability and decentralization of blockchain functions, few can stand out as truly unique or innovative. Indeed, the road to level 2 success is littered with outright failures and attempts that have stagnated to the point of appearing to have no future.
Nevertheless, this is a road down which Cartesi is charging with apparent confidence. All eyes are now on its ability to deliver – or perhaps, continue to deliver – on its promises of a world in which scalability, high throughput, and effortless decentralization are accessible and reliable.
