Cartesi, an innovator in the blockchain space is taking smart contracts on Ethereum to the next level. It is solving urgent problems of scalability and high fees by implementing a variant of Optimistic roll-ups. Most notably, it is revolutionizing smart contract programming by allowing developers to code with mainstream software stacks instead of Solidity.
DApps have been notoriously difficult to build with the blockchain technology available. Cartesi provides a solution by allowing developers to run complex computations over massive amounts of data off-chain, free from blockchain processing limitations and fees. DApps built with Cartesi can execute computations literally millions of times heavier than if they were on-chain.
By offering a Linux runtime environment, Cartesi is the only software-based verifiable off-chain compute system that gives developers a vast array of software that evolved in the last 30 years and that enables the applications we use on the internet today.
Catesi has released two developer friendly products; Descartes and Noether
Descartes, is an SDK that enables developers to code smart contracts using mainstream software rather than Solidity - Linux to be precise. This makes it easier for developers who haven’t been raised in the Ethereum trenches to deploy applications working with a familiar programming language.
Second product being Noether, a sidechain for temporary data storage. It’s been designed specifically for Cartesi dApps that will run on Ethereum. Much of the data that’s utilized when interacting with app - be they decentralized or conventional - does not need to be permanently stored. Noether will make cheap data storage available to dApp developers on demand, and with high throughput.
Between the two products, Descartes has the ability to make dApp logic processable within a real, off chain operating system that has the potential to drive down smart contract costs. However, it is Noether that will convince devs to deploy dApps using Cartesi, in the knowledge that they won’t be crippled by rising storage costs or transaction bottlenecks.
In Q4, Cartesi team have been working around the clock on CTSI Reserve Mining and the Proof of Stake system, preparing it for the mainnet release in the next weeks. Users can review CTSI Reserve Mining — How it Works article to get familiar with the Proof of Stake and reward system.
What makes CTSI Reserve Mining so special?
- Miners get a reward of 2900 CTSI per block claimed. On average, each block is created every 30 minutes
- User’s funds are safe with while held on staking contract, duly audited by SlowMist
- No slashing and no risks to the principal due to node malfunction or unavailability
- Rewards distributed directly to the user’s wallet, eliminating extra ETH transaction fees
As presented on staking website CTSI Reserve Mining and it’s PoS system aim at bootstrapping the network of Cartesi’s side-chain, Noether, a highly optimized data availability oracle for temporary storage and an important part of Cartesi’s scalability stack. The Final phase of Cartesi’s staking will be CTSI’s innovative staking auction system, which brings a number of benefits to staking such as users being able to pre-define their staking rewards and opportunity costs.
- December 2020: Proof of Stake Mainnet launch
- 2021 Q1 : Delegation system
- 2021: Noether, Cartesi’s optimized data availability oracle
- 2022: Innovative macroeconomy system with staking auctions
With the right momentum, direction led by industry backers, Cartesi team could have what it takes to be leaders of this ecosystem.
Cartesi was founded in 2018 by a team of well-accredited academics, business experts and software engineers, and is building an operating system for DApps. Cartesi allows decentralized applications to run within a Linux environment. Complex processing can be executed off-chain, Feel free from a blockchain’s computational limits and corresponding fees but without compromising decentralization. Cartesi has received funding by prominent investors and funds such as SNZ, SOSV, Artesian and recently concluded a public-sale event with Binance. The team’s vision is to make the development of DApps easy, scalable, and cost-efficient by incorporating tools developers already use.
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Review provided by Jina Kim