What is Cartesi (CTSI)?
CTSI is the native token of Cartesi, which is the first Blockchain OS. It essentially enables developers to create decentralized applications (dApps) and smart contracts using Linux and such programming languages as C++, Python, and SQLite. Thus, they can use robust software tools, libraries, and services, to which they are already accustomed. Besides, Cartesi doesn’t have any scaling restrictions. If you want to see what is the CTSI price today, take a look at the Cartesi price chart above.
Cartesi employs a decentralized Layer-2 infrastructure, which utilizes Optimistic Rollups technology. It allows users to develop application logic on top of an operating system (like Linux), while linking and securing it with the underlying Layer-1 blockchain (like Ethereum). In fact, Cartesi provides dApps with the same level of security assurance that the underlying blockchain has.
Just keep in mind that Cartesi is actually blockchain-agonistic, which implies that various solutions can be created using different underlying blockchain technologies. It supports all Ethereum Virtual Machine chains, including Ethereum, Avalanche, Binance Smart Chain, Polygon, and others.
Also, note that Cartesi has the Cartesi Virtual Machine, which simulates a RISC-V microprocessor. It’s used to run Linux to develop dApps and smart contracts. The machine, along with other main Cartesi protocol components, is integrated into the Cartesi Core.
Besides, Cartesi has a sidechain called Noether. It functions as a data availability oracle. An oracle is essentially a bridge between the blockchain and the real world. Noether is capable of recording and temporarily storing information that is only required in the short term.
The Purpose of CTSI Tokens
CTSI tokens are the driving force behind the Cartesi crypto project. They have more than one use case. For starters, Cartesi coins can be used as collateral for enforcing honest user behavior on an arbitration mechanism employed by the Cartesi Core.
Moreover, CTSI can also be used as a payment method for temporary data storage on Cartesi’s Side Chain Noether.
Besides that, since Noether employs a Proof-of-Stake (PoS) consensus mechanism, CTSI tokens are needed to participate in the consensus. Users have to stake CTSI tokens if they want to become miners. The higher the stake, the higher the probability of becoming the miner of the next block. Additionally, by staking CTSI tokens, users receive staking rewards.
Also, since validator nodes need to be assigned to each newly create dApp, CTSI tokens are used to reward the validators for their services.
Lastly, CTSI tokens can simply be used to pay for new shoes or a trip to Hawaii since more and more shops accept it as a payment method. You can do that through Binance Pay, Now Payments, or Travala.
The Supply of CTSI Tokens
The max supply of CTSI tokens is 1 billion. This means that no new CTSI tokens will ever be minted.
If you intend to invest in Cartesi coins, keep in mind that the CTSI price is subject to change. The reason for this is the constant fluctuation of the whole crypto market, which is known to affect the Cartesi price, just like it affects the prices of other crypto assets.
