Cartesi is a layer 2 optimistic rollup that aims to solve blockchain scalability and expensive costs to further smart contracts and dApp development. This implies that it does not function on a blockchain's basic layer, but rather sits on top of it, allowing the smart contracts it executes to scale while still being protected by the blockchain.
It allows users to execute both scalable smart contracts and dApps developed using mainstream software stacks by ensuring that dApps and smart contracts remain verifiable on the underlying blockchain while off chaining the sophisticated procedures that would otherwise result in expensive transaction costs.
Cartesi was created in 2018 by Erick de Moura, Augusto Teixeira, Diego Nehab, and Colin Steil as a group of co-founders. It went from a trust less AI marketplace for specialists working on data processing to a layer 2 off-chain compute platform with an emphasis on decentralization and scalability. The Cartesi project's core team has high-level academic expertise in software design, programming, and mathematics, but it also includes essential personnel with a solid real-world track record at top-tier firms like Microsoft Research.
De Moura is a software entrepreneur with over 20 years of expertise. He has extensive experience in software design and technology solutions in a variety of industries, including financial, healthcare, and e-commerce. Augusto Teixeira, a Cartesi co-founder and current chief scientific officer, has a strong mathematical background and has kept his professorship. Diego Nehab, one of Cartesi's co-founders, currently serves as the project's chief technical officer. He works as an associate professor at the IMPA in Brazil, however his background is more directly tied to computing. Colin Steil, the project's fourth co-founder, is the chief operating officer of Cartesi and has a more business-oriented background.
How does it work
It accomplishes its goals by leveraging the enormous array of current programming tools accessible on Linux. Linux powers a large amount of the world's technology. The end result is a highly appealing environment for developers since it includes various capabilities that improve dApp programming.
The ability of Cartesi to deliver real-world computation within a blockchain context, taking full use of both settings, is perhaps the most crucial of these characteristics. Blockchains struggle to conduct expensive calculations accessible on other systems, but they give an unrivalled level of security. Cartesi offers developers access to all of the tools and services built for the Linux operating system.
Another advantage Cartesi effectively brings is portability. This implies that Cartesi software nodes are oblivious to the blockchain they are running on, allowing them to function on any blockchain. This not only removes blockchain information from calculations, but also separates them from the underlying blockchain, allowing them to be portable. At the same time, Cartesi dApps and smart contracts may rely on the underlying blockchain's immutability and security. Finally, Cartesi has achieved a high level of consensus stability since calculations performed outside of the blockchain can be easily validated by any participant.
Total supply and circulation
It has a maximum supply of 1,000,000,000 CTSI and a circulating supply of 608,204,570 CTSI.
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