$ 0.37273 USD
$ 0.37273 USD
$ 101.843 million USD
$ 101.843m USD
$ 3.019 million USD
$ 3.019m USD
$ 20.454 million USD
$ 20.454m USD
831.481 million CTSI
Issue Time
2020-04-23
Platform pertained to
--
Current price
$0.37273USD
Market Cap
$101.843mUSD
Volume of Transaction
24h
$3.019mUSD
Circulating supply
831.481mCTSI
Volume of Transaction
7d
$20.454mUSD
Change
24h
-26.58%
Number of Markets
184
More
Warehouse
Cartesi
Github's IP Address
[Copy]
Codebase Size
42
Last Updated Time
2020-11-05 16:12:41
Language Involved
--
Agreement
--
Current Rate0
0.00USD
3H
-26.39%
1D
-26.58%
1W
-37.06%
1M
-52.4%
1Y
+925.95%
All
+550.37%
Aspect | Information |
---|---|
Short Name | CTSI |
Full Name | Cartesi Token |
Founded Year | 2018 |
Main Founders | Erick de Moura, Diego Nehab, Colin Steil |
Support Exchanges | Binance, Huobi, OKEx, KuCoin, and etc. |
Storage Wallet | MetaMask, Ledger, and etc. |
CTSI, known as the Cartesi Token, is a type of cryptocurrency that was founded in 2018 by Erick de Moura, Diego Nehab, and Colin Steil. The token is supported by several major cryptocurrency exchanges including Binance, Huobi, OKEx, and KuCoin. In terms of storage, CTSI can be held in wallets such as MetaMask and Ledger. As a utility token of the Cartesi platform, CTSI is used for system incentives, app-specific tokens, and platform governance.
Pros | Cons |
---|---|
Utility token for various applications on the Cartesi platform | Limited adoption outside of the Cartesi ecosystem |
Supported by several major cryptocurrency exchanges | Market value dependent on the success of the Cartesi platform |
Can be stored in popular wallets like MetaMask and Ledger | Faced competition from other platform-specific tokens |
Plays role in platform governance | Reliant on continued support and updates from founding team |
By diving into a comprehensive analysis of its strengths and weaknesses, It will equip you with the knowledge needed to make informed decisions in this dynamic digital realm.
Pros:
1. Utility Token: As a utility token, CTSI can be used for various applications on the Cartesi platform. It provides versatile functionality and can be used for system incentives or serve as app-specific tokens.
2. Support from Major Exchanges: Having the support of several major cryptocurrency exchanges such as Binance, Huobi, OKEx, and KuCoin enhances the liquidity and accessibility of the CTSI token for traders and investors worldwide.
3. Popular Wallet Compatibility: CTSI token is compatible with popular crypto wallets including MetaMask and Ledger, allowing users to conveniently store and manage their tokens.
4. Platform Governance: CTSI token holders have a role in the governance of the Cartesi platform. This feature allows them to have a voice in decisions and modifications related to the platform.
Cons:
1. Limited Adoption: CTSI's utility and value are primarily tied to the Cartesi ecosystem. As such, its adoption and usability outside of this ecosystem remain to a certain degree, limited.
2. Dependence on Cartesi's Success: The market value of the CTSI token is dependent on the success and traction of the Cartesi platform. If the platform underperforms or fails to attract users, the token's value could potentially be impacted negatively.
3. Competition: CTSI is one among many platform-specific tokens in the cryptocurrency market. It faces stiff competition from other such tokens, which could affect its market position and value.
4. Founder Dependence: The continuity and prospering of the CTSI token are reliant on the continued support and updates from its founding team. Any disruption in the actions or direction of the founding team could potentially impact the token's performance.
The Cartesi Token (CTSI) is distinct in its position as the utility token for the Cartesi platform, which introduces a novel approach by bringing mainstream software stacks to the highly secure world of blockchain. This platform aims to afford developers the ability to code scalable smart contracts in a high-level programming environment that resembles conventional web development.
CTSI, therefore, is not just a cryptocurrency, but a foundational component of a broader infrastructure aimed at bridging the gap between traditional and decentralized computing. This vision is somewhat unique in the cryptocurrency sphere, where most tokens are primarily or exclusively a medium of transaction.
CTSI also possesses a key role in the decentralized governance of the Cartesi platform. Token holders have the potential to influence the direction and development of the platform, an interaction that is uncommon among other cryptocurrencies.
Cartesi (CTSI) is a decentralized Layer-2 infrastructure that supports Linux and mainstream software components. It is a smart contract platform that allows developers to code scalable smart contracts with rich software tools, libraries, and services, bridging the gap between mainstream software and blockchain. The circulating supply of CTSI is 738,708,226. The token's price has fluctuated significantly since its founding, with an all-time high of $1.75.
Overall, CTSI aims to carve out a niche in the blockchain space by providing a scaling solution tailored towards computationally intensive dApps. As adoption grows, the price may stabilize. But as a young project, it is likely to continue seeing high volatility reflecting investor speculation in the short-term. There is no mining cap as the maximum supply was pre-allocated.
Cartesi is a layer-2 scaling solution for Ethereum that uses Linux-based “Rollups” to perform computations off-chain. The CTSI token is used to pay for transaction fees on the Cartesi network. When users make transactions or interact with dApps built on Cartesi, they pay a small CTSI fee which is collected and distributed to validators that secure the network. CTSI is an ERC-20 token that must be staked by validators to participate in consensus. Staking also earns validators more CTSI as a reward. The fees and staking incentives are designed to ensure the Cartesi network remains secure and scalable as adoption grows. Overall, the CTSI token plays an integral role in Cartesi's unique value proposition of bringing scalable, off-chain computational power to Ethereum.
CTSI (Cartesi token) is available for purchase on a number of well-known cryptocurrency exchanges, some of which are listed below:
1. Binance: This is one of the major global cryptocurrency exchanges that supports CTSI token. Common trading pairs on Binance include CTSI/BTC, CTSI/ETH, CTSI/USDT, and CTSI/BUSD.
2. Huobi Global: Huobi, another prominent exchange, supports the CTSI token. The exchange commonly offers CTSI/BTC and CTSI/USDT trading pairs.
3. OKEx: OKEx carry CTSI as one of their cryptocurrencies. Typical trading pairs on this platform include CTSI/BTC, CTSI/ETH and CTSI/USDT.
4. KuCoin: A rapidly growing cryptocurrency exchange, KuCoin supports CTSI and frequently offers CTSI/BTC and CTSI/USDT trading pairs.
5. Gate.io: Gate.io is a crypto-to-crypto exchange that supports CTSI. You can purchase Cartesi token, commonly offered with CTSI/USDT trading pair.
6. MXC: This Malta-based cryptocurrency exchange is one of the providers of CTSI and often offers CTSI/USDT trading pairs.
7. HBTC: HBTC, a well-established cryptocurrency exchange, also supports CTSI. It most commonly offers CTSI/USDT trading pairs.
8. CoinEx: CoinEx, known for its low transaction fees and high security, also provides CTSI and includes pairs such as CTSI/USDT.
9. Poloniex: Poloniex, one of the pioneer within the crypto industry, supports the CTSI token and frequently offers CTSI/BTC, CTSI/ETH, and CTSI/USDT pairs.
10. Balancer: Balancer, a decentralized finance (DeFi) platform, also supports the CTSI token, and tokens can be swapped in a decentralized manner with various pairs such as CTSI/ETH.
To store CTSI (Cartesi Token), you would require a digital wallet that supports the Ethereum blockchain as CTSI is an ERC-20 token. The choice of wallet can typically be broken down into the following types:
1. Software Wallets: These are computer programs or mobile applications that allow users to store, send, and receive digital currencies. For CTSI, some of the popular software wallets include:
- MetaMask: This is a browser extension and mobile app wallet that allows users to interact with the Ethereum blockchain and manage ERC-20 tokens including CTSI.
- Trust Wallet: Trust Wallet is a mobile wallet application that supports a wide range of cryptocurrencies and ERC-20 tokens including CTSI. It features a user-friendly mobile interface and has built-in support for decentralized applications (dApps).
- MyEtherWallet: This is an open-source, client-side interface for creating Ethereum wallets. It supports the management of all ERC-20 tokens, including CTSI.
2. Hardware Wallets: These are physical devices designed to securely hold private keys offline, making them resistant to online threats. For CTSI, a couple of the most recognized hardware wallets include:
- Ledger: Ledger provides a series of hardware wallets including the Ledger Nano S and Ledger Nano X. These devices support the storage and transaction of CTSI along with a multitude of other cryptocurrencies.
- Trezor: Trezor is another popular hardware wallet brand that supports ERC-20 tokens like CTSI. Its devices offer offline storage and protection from online threats.
CTSI, the native token of the Cartesi platform, can potentially be of interest to a range of individuals and investors.
1. Blockchain Developers: As the Cartesi platform is focused on fostering the development of decentralized applications (dApps) in a high-level, mainstream environment, developers involved in blockchain technology might find the CTSI token appealing. This is due to its use within developer incentives and for ensuring the honest execution of tasks within the Cartesi ecosystem.
2. Crypto Traders and Investors: Those engaged in trading and investing might also be interested in CTSI. Crypto investors often diversify their portfolios with a mix of major cryptocurrencies and tokens linked to specific, promising projects. As an integral part of the Cartesi platform, CTSI could be a consideration for those looking at project-specific tokens.
3. Crypto Enthusiasts: Believers in the potential of blockchain and the promise of interoperability with mainstream programming might see the value in CTSI, given its unique place in the Cartesi ecosystem, with its focus on bridging the gap between traditional coding environments and blockchain.
Cartesi Token (CTSI) is a utility token that ties into the wider Cartesi platform, a project that aims to bring robust scalability and a mainstream software stack to the blockchain space. As such, the development prospects of CTSI are closely intertwined with the success of the Cartesi platform itself.
CTSI's focus on incentivizing honest system computation and the development of decentralized apps makes it unique and potentially fascinating to a range of stakeholders ‒ from developers to blockchain enthusiasts and investors. However, the token's adoption, utility, and value are largely confined within the Cartesi ecosystem, making its broader application limited.
As for the financial prospects, like any other cryptocurrency, CTSI's ability to generate profit or appreciate in value is subjected to market dynamics, investor sentiments, the platform's success, competitive landscape, and more. As it generally goes in the realm of investment, the potential for gains is usually coupled with a proportionate level of risk.
CTSI has seen adoption by major exchanges and wallet compatibility, which augurs well for accessibility and storage. However, intending investors or users should conduct thorough research, assess their risk tolerance, stay updated with the platform's development, and ensure secure storage for their tokens. Also, regulatory compliance needs to be adhered to.
Ultimately, while CTSI brings some unique elements to the crypto space, anyone considering an engagement with the token, be it for investment or utility, should make informed decisions and possibly seek financial advice.
Q: How does Cartesi achieve scalability?
A: Cartesi uses an optimistic rollup that batches transactions off-chain and generates cryptographic proofs to verify them on Ethereum.
Q: What languages and tools can developers use to build Cartesi DApps?
A: Developers can use mainstream programming languages like C, C++, Rust, Python, and JavaScript along with Linux tools and systems.
Q: How does Cartesi ensure the integrity of off-chain computations?
A: Cartesi Rollups generate Merkle roots and zkSNARK proofs to attest that computations match on-chain expectations.
Q: Why does Cartesi use Linux and not other operating systems?
A: Linux provides mature tools for building scalable and complex computational environments.
Q: How are incentives aligned between Cartesi miners and stakers?
A: Miners earn fees from processing transactions while stakers earn CTSI rewards for validating blocks.
Q: What consensus algorithm does the Cartesi network use?
A: Cartesi uses a delegated proof-of-stake consensus model.
Q: How does Cartesi handle storage of large computational data sets?
A: Data is stored across an decentralized network of incentivized hosts.
Q: What applications is Cartesi best suited for?
A: Cartesi excels at computations like machine learning, financial modeling, and scientific simulations.
Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.
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