Cartesi
CTSI Rank 599 Rank 599
$0.023868 (+1.10%)

Cartesi CTSI price:

$0.023868 (+1.10%)
1h-1.33%
24h+1.10%
Week-0.42%
Month-19.69%
Year-52.33%
ETH 0.000014 (+1.95%)
BTC 0.00000037 (+1.47%)
$0.023472 24h Range $0.024342
The live Cartesi price today is $0.023868, with a 24-hour trading volume of $833,044.33. CTSI has changed +1.10% in the last 24 hours.

Cartesi (CTSI) Metrics

Basic info
Website
Source code
Asset type
Contract Address
Explorers
Market Cap Rank 599
$20,767,262.00 BTC 326.00
All Time High
$0.454669 28 Feb 24 % to ATH (1,800.44%)
Volume (24h) Rank 944
$833,044.33 BTC 13.08
Circulating Supply
Update supply form
870,103,227 Total:1,000,000,000 Max: 1,000,000,000

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Cartesi (CTSI)

What is Cartesi?

Cartesi (CTSI) is a Layer-2 blockchain project launched in 2018 by a team of developers led by Erick de Moura and Diego Nehab. It aims to bridge the gap between blockchain and mainstream software by enabling developers to build scalable and complex decentralized applications (dApps) using familiar programming languages and tools. The project operates on a unique architecture that combines a Linux-based operating system with blockchain technology, allowing for off-chain computation and enhanced scalability. This enables developers to run computations off the main blockchain while still benefiting from its security and decentralization. The native token, CTSI, serves multiple purposes within the ecosystem, including paying for transaction fees, staking to secure the network, and participating in governance decisions. Cartesi stands out for its innovative approach to integrating traditional software development with blockchain, positioning it as a significant player in the evolution of decentralized applications and the broader blockchain ecosystem.

When and how did Cartesi start?

Cartesi originated in March 2018 when the founding team, led by co-founders Erick de Moura, Diego Nehab, and others, released its whitepaper, outlining the project's vision of integrating Linux and blockchain technology. The project launched its testnet in December 2019, allowing developers to experiment with its unique features and capabilities. This was followed by the mainnet launch in July 2020, marking a significant milestone in making Cartesi's infrastructure available for broader use. Early development focused on creating a scalable and efficient environment for decentralized applications, leveraging off-chain computation to enhance blockchain capabilities. The initial distribution of Cartesi's token occurred through a token sale in August 2020, which helped fund the project's development and establish a community around its ecosystem. These foundational steps set the stage for Cartesi's growth and its aim to bridge the gap between traditional software and blockchain technology.

What’s coming up for Cartesi?

According to official updates, Cartesi is preparing for the launch of its next major upgrade, known as "Cartesi Rollups," which is targeted for Q4 2023. This upgrade aims to enhance scalability and performance by enabling off-chain computations, allowing developers to build more complex decentralized applications (dApps) efficiently. Additionally, Cartesi is working on expanding its ecosystem through strategic partnerships and integrations with other blockchain projects, which are expected to be announced in the coming months. These initiatives are designed to improve user experience and broaden the use cases for Cartesi's technology. Progress on these milestones will be tracked through their official channels and roadmap updates.

What makes Cartesi stand out?

Cartesi distinguishes itself through its unique Layer-2 architecture, which combines the benefits of blockchain technology with a Linux-based operating system. This enables developers to run complex computations off-chain while maintaining the security and decentralization of the blockchain. Its innovative use of rollups allows for greater scalability and efficiency, significantly enhancing throughput and reducing transaction costs. Additionally, Cartesi supports a wide range of programming languages, allowing developers to leverage existing knowledge and tools, which improves the developer experience and fosters a more extensive ecosystem. The platform also emphasizes interoperability, enabling seamless integration with various blockchains and facilitating cross-chain applications. Cartesi's governance model includes community participation, ensuring that stakeholders have a voice in the project's direction. Notable partnerships and collaborations further enrich its ecosystem, providing additional resources and tools that enhance its capabilities. Overall, Cartesi's combination of advanced technology, developer-friendly features, and a collaborative ecosystem sets it apart in the blockchain landscape.

What can you do with Cartesi?

The CTSI token serves multiple functions within the Cartesi ecosystem, primarily facilitating transactions and covering fees for using decentralized applications (dApps). Users can leverage Cartesi to access a range of dApps that benefit from its unique off-chain computation capabilities, allowing for complex computations to be executed efficiently and cost-effectively. Holders of CTSI can participate in staking, contributing to the network's security while potentially earning rewards. Additionally, they may have the opportunity to engage in governance processes, influencing decisions regarding the platform's development and future direction. For developers, Cartesi provides a robust environment for building dApps that can integrate with existing blockchain networks while utilizing traditional software stacks. This allows for greater flexibility and scalability in application development. The ecosystem also includes various wallets and tools that support CTSI, enabling seamless interactions and transactions within the network. Overall, Cartesi empowers users, holders, and developers by enhancing the functionality and usability of blockchain technology.

Is Cartesi still active or relevant?

Cartesi remains active and relevant, with notable developments and community engagement in 2023. The project announced a significant upgrade in July 2023, focusing on enhancing its Layer-2 infrastructure, which aims to improve scalability and efficiency for decentralized applications. Additionally, Cartesi has been actively participating in governance discussions, with several proposals put forth in the community forum, indicating ongoing engagement from stakeholders. The project has also secured partnerships with various blockchain platforms, expanding its ecosystem integrations. For instance, collaborations with DeFi projects have enabled the use of Cartesi's technology to facilitate complex computations off-chain, thereby enhancing user experience and reducing costs. These indicators, including recent upgrades, active governance participation, and strategic partnerships, support Cartesi's continued relevance in the blockchain sector, particularly in the realms of scalability and decentralized application development.

Who is Cartesi designed for?

Cartesi is designed for developers and enterprises, enabling them to build and deploy complex decentralized applications (dApps) with greater ease and efficiency. It provides a unique infrastructure that combines blockchain technology with traditional software components, allowing developers to leverage familiar programming environments and tools. This approach helps them achieve scalability and flexibility in their projects. To support development and usage, Cartesi offers a range of resources, including software development kits (SDKs) and application programming interfaces (APIs), which facilitate the integration of off-chain computations with on-chain operations. This makes it easier for developers to create robust applications that can handle significant computational tasks without compromising on security or decentralization. Secondary participants, such as validators and liquidity providers, engage in the ecosystem through staking and governance mechanisms, contributing to the network's security and decision-making processes. This collaborative environment fosters innovation and growth within the Cartesi ecosystem, ultimately benefiting all users involved.

How is Cartesi secured?

Cartesi employs a unique rollup security model that integrates off-chain computations with on-chain verification to secure its network. In this model, validators are responsible for confirming transactions and maintaining the integrity of the blockchain. The protocol utilizes cryptographic techniques such as zero-knowledge proofs to ensure data authenticity and integrity, allowing for efficient verification of off-chain computations without revealing sensitive information. To align participant incentives, Cartesi incorporates a staking mechanism where validators must stake tokens to participate in the consensus process. This staking not only incentivizes honest behavior through potential rewards but also includes slashing penalties for malicious actions, thereby discouraging attempts to compromise the network. Additionally, Cartesi emphasizes security through regular audits and a robust governance framework, which includes community participation in decision-making processes. The diversity of client implementations further enhances the network's resilience against vulnerabilities, ensuring a secure and reliable environment for decentralized applications.

Has Cartesi faced any controversy or risks?

Cartesi has faced some risks primarily related to the technical aspects of its blockchain infrastructure. In 2021, the project encountered challenges with its Layer-2 scaling solution, which raised concerns about potential vulnerabilities in its architecture. The team responded by conducting thorough audits and implementing necessary patches to enhance security and performance. Additionally, they have established a bug bounty program to incentivize the community to report any vulnerabilities. Furthermore, like many blockchain projects, Cartesi is subject to ongoing regulatory scrutiny, particularly regarding compliance with evolving laws in various jurisdictions. The team actively monitors regulatory developments and engages with legal experts to ensure adherence to applicable regulations. Ongoing risks include market volatility and competition within the blockchain space, which are mitigated by continuous development practices, community engagement, and transparency in their operations. The project remains committed to addressing any emerging risks proactively to maintain user trust and platform integrity.

Cartesi (CTSI) FAQ – Key Metrics & Market Insights

Where can I buy Cartesi (CTSI)?

Cartesi (CTSI) is widely available on centralized cryptocurrency exchanges. The most active platform is Binance Futures, where the CTSI/USDT trading pair recorded a 24-hour volume of over $516 903.01. Other exchanges include BTSE and Pionex.

What's the current daily trading volume of Cartesi?

As of the last 24 hours, Cartesi's trading volume stands at $833,044.33 , showing a 5.99% decline compared to the previous day. This suggests a short-term reduction in trading activity.

What's Cartesi's price range history?

All-Time High (ATH): $0.454669
All-Time Low (ATL): $0.020973

Cartesi is currently trading ~94.74% below its ATH .

What's Cartesi's current market capitalization?

Cartesi's market cap is approximately $20 767 262.00, ranking it #599 globally by market size. This figure is calculated based on its circulating supply of 870 103 227 CTSI tokens.

How is Cartesi performing compared to the broader crypto market?

Over the past 7 days, Cartesi has declined by 0.42%, underperforming the overall crypto market which posted a 0.26% decline. This indicates a temporary lag in CTSI's price action relative to the broader market momentum.

Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment.

All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions.

Coinpaprika is not liable for any losses resulting from the use of this information.

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