The main barriers within the crypto space are scalability and high transaction fees. While the layer-2 chains have been thriving to address the issue with their innovative solutions. Cartesi is a platform that intends to achieve ideal scalability with unprecedented development within the decentralized space.
Cartesi is a layer-2 solution that supports Linux and mainstream software components. It does not run on a blockchain-based layer but works on top of it. Hence this enables the developers to code smart contracts which are scalable and has built-in rich software tools, and libraries. It also offers services that bridge the gap between mainstream software and blockchain.
| Launch Date | 2018 |
| Founder | Augusto Teixeria, Erick de Moura, Diego Nehab and Colin Steil |
| Blockchain Protocol | Ethereum Blockchain |
| Native Token | CTSI |
| Market Cap | $78.13 million |
| Token Type | ERC-20 |
| Circulating Supply | 649.57 million |
| Max Supply | 1 billion |
| Consensus Method | Proof-of-Stake Mechanism |
Read more: Crypto Listing Festival by CoinDCX – Rewards worth 20lakhs up for Grabs!
Who Are the Founders of Cartesi DAO?
The core contributors of Cartesi are from a very high-profile background with real-world experience in top companies like Microsoft Research. Some also hold PhDs from top universities like ETH Zurich, Princeton, etc. The platform was founded in 2018 by Augusto Teixeria, Erick de Moura, Diego Nehab and Colin Steil.
Erick de Moura, the CEO of Cartesi, is a software professional having nearly 20 years of industry experience. He has a strong hold over software design and tech solutions in a wide range of industries like fintech, agriculture, healthcare, e-commerce, etc.
Augusto Teixeris, the Chief Scientific Officer of Cartesi, is a pioneer in mathematics and continues to serve as a Professor in Pure & Applied Mathematics in Rio de Janerio. While, Diego Nehab, the CTO, carries huge experience in computing as he completed PhD in computer graphics, and is an associate professor at cBrazil’s IMPA.
Lastly, Colin Steil, the COO of Cartesi has an extensive experience in business management. The platform was incepted through an ICO in April 2020 where-in 100 million CTSI tokens were offered for sale, raising nearly $1.5 million.
Additional Read: Top DAO Crypto Projects 2022
How Does Cartesi DAO Work?
Cartesi mainly accomplishes the task of bridging the gap between mainstream software and smart contracts. It further streamlines the software development workflows to blockchain technology using a hybrid system of on-chain transactions and off-chain computations. To achieve the goal, Cartesi is made up of various components performing their own job roles.
Cartesi Machine
It is a Linux-based virtual machine that is used to execute dApp computations before registering on the blockchain. As it is working on Linux, it allows the dApps to be written in widely-used computing languages.
Cartesi Noether
Noether is basically a sidechain running parallel to the Cartesi chain which is used as a data availability oracle. It records & stores the data and disposes of the data which was in use for only a short time. This saves space and maintains the efficiency of the chain for a longer time.
On-Chain Components
Cartesi aims to keep the dApps decentralized and verified along with higher scalability. To do so, it is communication over the network is done using optimistic roll-up which executes off-chain transactions and records them on the blockchain. Additionally, the transparency over the network is maintained using a cryptographic hash that contains the information of off-chain dApp functions.
What Makes Cartesi DAO Unique?
Cartesi is the first operating system blockchain that uses Linux programming language to bridge the gap between software and smart contracts maintaining the decentralized nature of the chain. They are many layer-2 solutions with optimistic roll-ups, but there are some key features that sets Cartesi apart.
Cartesi Architecture
It is the first blockchain OS and a layer-2 architecture supporting Linux. It is the only software-based off-chain computing solution which is completely verifiable.
High Scalability
By implementing a variant of optimistic roll-ups, Cartesi can achieve a million-fold computational scalability. It has the capability to offer more than 10,000 increase in the computational power for the blockchain. The platform also released Decartes SDK for the cause.
Multichain & Portable
Cartesi is not specific to a chain and the nodes do not recognize the chain they are working on which makes it easy to run on multiple chains. Presently, it supports Ethereum, Binance SmartChain, Avalanche, Polygon, etc.
Secure & Privacy Protected
Cartesi ensures a high level of security achieved by the features of the underlying blockchain. The chain also maintains the privacy of the user’s data over the platform.
Cartesi DAO Price Analysis
Source: Tradingview
- The Cartesi price maintained a steep descending trend forming constant lower highs and lows but appearing to be poised to break above the bearish trend
- The next few hours is pretty important for the token as the daily close may determine the next plan of action
- If the price successfully breaches the upper resistance, it may further leap long to reach the crucial resistance zone between $0.1615 to $0.1696.
- Else, a rejection within the falling wedge may drag the price towards the lower support and wait for a rebound.
| Cartesi DAO Price Today | $0.1312 |
| Price Change <Yearly> | -83.7% |
| Market Dominance | 0.01% |
| Market Rank (as per CMC) | 189 |
| Market Cap | $85.23 million |
| Fully Diluted Market Cap | $131.24 million |
| ATH | $1.75 |
| ATL | $0.02675 |
Read more: Crypto Price Predictions
How to Buy Cartesi DAO in India?
Buying, selling or trading is pretty easy and safe on CoinDCX. It is the leading crypto and bitcoin investment app in India. To register, just follow the below-mentioned steps,
- Download the CoinDCX App on your smartphone
- Enter the details for registration
- Complete KYC
- After your profile is verified, fund your CoinDCX wallet and buy CTSI token.
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