What is Cartesi?

Sep 13, 2022
3 min read

This blog post will cover:

  • What is Cartesi?
  • Where did Cartesi come from?
  • What are the advantages of Cartesi?
  • What are the disadvantages of Cartesi?
  • How to buy Cartesi on SimpleSwap?

What is Cartesi?

The Cartesi project aims to bring Ethereum smart contracts to the next level and have a big impact on the development of the blockchain industry. It allows developers to create DApps and smart contracts directly with mainstream software components and Linux OS resources. Cartesi makes decentralized applications easier to develop, cost-effective, and powerful as well.
Cartesi has a sidechain called Noether. It provides the temporary storage of data for such applications without high costs. CTSI tokens provide Noether functionality.
The platform created its own cryptocurrency CTSI. This token plays a crucial role in the functioning of the Cartesi ecosystem. It is the main utility token on the network. For example, users of the network can stake CTSI tokens and get rewards for it. And this is just one of many use cases.

Where did Cartesi come from?

Erick de Moura, Augusto Teixeira, Diego Nehab, and Colin Steil created the Cartesi Platform in 2018.
The company's goal is to make DApps easier to use and bring them closer to the applications we deal with today. Thus, to make the implementation of blockchain in everyday life real.
Erick de Moura is the CEO of the company who has 20 years of experience in the software industry. He also has extensive experience in software development. Colin Steil is the Chief Operating Officer of Cartesi, Augusto Teixeira is the Chief Scientific Officer, and Diego Nehab is the Chief Technology Officer. In addition to them, a team of many talented developers is working on the evolution of the Cartesi platform.
Many serious investors believe in the success of the Cartesi project. Its development partners include Taiwan Tech, Enterprise Ethereum Alliance, Startup Stadium, Bigbang Angels, SNZ, FBG Capital, and others.

What are the advantages of Cartesi?

  • Programmability
    The DApp logic runs on Linux, with the ability to select and compare thousands of open source software components.
  • Ease of adoption
    Developers can work in a familiar environment without artificial restrictions and with access to all of their favorite tools.
  • Scalability
    Intensive computing for huge amounts of data is done off-chain with the same security guarantees that blockchain offers.
  • Portability
    Cartesi aims to make DApps portable across the most important public blockchains that support smart contracts.

What are the disadvantages of Cartesi?

  • Partial security
    Despite all the advantages, it is important to remember that there is no platform that can guarantee 100% security for the safety of data.

How to buy Cartesi on SimpleSwap?

After reading our article, you have become even more aware of the new technologies associated with the Crypto World. Also now you know more about the Cartesi platform and its CTSI token. To become a holder of this cryptocurrency, you are welcome to use the SimpleSwap exchange. To avoid confusion, follow the instructions below:

  • Choose the currency you want to exchange (e.g. BTC) in the first drop-down list. Enter the amount you would like to swap.
  • Select Cartesi in the second drop-down list. You will see the estimated amount that you will receive after the exchange.
  • Enter the Recipient's Address. CTSI will be sent to this address. Be careful and make sure you use the correct address.
  • Check all the information you have entered. If everything is correct click the Exchange button.
  • You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the exchange.

Welcome to the awesome Crypto World!

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