This is a simple post which highlights some key info about Cartesi and why everybody should invest in it, including your granpa. As of writing time, CTSI is a low market cap gem. Most Crypto freaks on Twitter don't seem to know about CTSI or just don't care. Anyways, please go ahead.
What the fuck is Cartesi?
Cartesi is a Smart Contracts platform. It's cryptocurrency is CTSI which is a utility token that works as a crypto-fuel for Noether. Noether is Cartesi's side-chain that’s optimized for ephemeral data, providing low-cost data availability to DApps.
What is a Smart Contract?
A smart contract is a computer code which is intended to automatically execute, control, or document legally relevant events and actions according to the terms of a contract or an agreement.
The code and the agreements contained therein exist across a distributed, decentralized blockchain network.
Vending machines are mentioned as the oldest piece of technology equivalent to smart contract implementation.
What is a good use of a Smart Contract?
In Supply Chain and Logistics, payments can be executed automatically upon the receipt of delivery, and inventory levels updated automatically in real-time.
Furthermore, blockchain and smart contracts can integrate easily with AI robots or IoT to automate payments if quality checks are passed or if goods are maintained properly during transport.
Okay, but I think there's already Smart Contracts platforms out there right? Why is Cartesi special??
Cartesi makes the lives of developers easier by enabling limitless coding where they can build smart contracts using mainstream software stacks. They will be able to use a lot of software components that are supported by Linux instead of just using Solidity.
Solidity is a programming language used to write Smart Contracts.
Ethereum's major issues are scaling and transactions costs. Cartesi enables massive scalability, data availability of large files, and low transaction costs.
Supported Blockchains
Developers can develop with Cartesi using top blockchains like Ethereum, Binance Smart Chain, Elrond, and Polygon. It is portable across multiple blockchains and its nodes are not aware of what chain is using it for computations. Removing the detail of the blockchain allows computations to be isolated which in turn makes them portable while also providing immutability and security.
Iota Partnership
Cartesi is also partnering with Iota to bring non-blockchain based use cases and businesses into the world of Decentralized Finance, Gaming, NFTs, and industrial IoT.
Cartesi integrates with Avalanche.
Avalanche is a platform for launching highly decentralized apps and new interoperable blockchains. The integration will allow developers to run Linux Decentralized Apps on top of Avalanche.
Cartesi also integrates with Injective Protocol.
The Injective Chain is a blockchain that hosts a completely decentralized order book and incorporates a bi-directional token bridge which links it to the Ethereum ecosystem.
The aim of Cartesi's integration with Injective is to allow developers to utilize familiar programming tools from Linux which unlocks tremendous smart contract capabilities offered by the highly interoperable and flexible Injective Chain.
If you are not aware yet, these integrations and partners are also projects that have their own cryptocurrencies also. Cartesi is slaying it with these hardcore partnerships!
Outro
Cartesi allows noob blockchain developers to create cutting-edge decentralized apps easily using Linux instead of Solidity. This eliminates the need to study Solidity and other supporting tools which is very attractive to developers. The fact that Cartesi makes ordinary developers become blockchain gods, makes $CTSI a great investment because of the huge potential on the horizon when mass adoption happens.
Crypto Geek Ben Armstrong aka BitBoy Crypto said:
“Mark my words, Cartesi will be a monster the rest of this year and utilized by dozens upon dozens of applications and be a key player in the smart contract blockchain ecosystem for a long time to come. This one is just getting started.”
Sources:
https://medium.com/coreledger/what-are-smart-contracts-a-breakdown-for-beginners-92ac68ebdbeb
https://blog.iota.org/cartesi-and-iota-partner-to-accelerate-smar-contract-adoption
https://www.coinbureau.com/review/cartesi-ctsi
https://coinmarketcap.com/currencies/cartesi