Operating systems are critical to our digital age. All of the applications and services we use nowadays are powered by software that has been built on systems like Linux. Wouldn’t it be really innovative for Blockchain to have its own operating system?
Cartesi is a new operating system that is credited as the world’s first blockchain-based operating system. It combines Linux and traditional programming environments with blockchain technology to give developers a virtual machine to build digital apps with far more flexibility than was previously available. By allowing programmers to write smart contracts using common programming languages like Python and C++, Cartesi stands apart from the competition.
The goal of blockchain technology is to give people back control and create a more open community. It’s all about security and trust, displacing the old with the new, distinguishing the corrupt from the genuine, and dividing the centralized system’s obstacles. It makes sense to have an operating system built on the blockchain system. For modern digitalization to take place, blockchains require a solid operating system.
Cartesi is a layer-2 blockchain system, implying it scales and processes data via its own network of validation nodes. Over 290 active nodes are now supported by the proof-of-stake (PoS) consensus ecosystem. Off-chain and blockchain components are used in dApps developed on the Cartesi architecture, enhancing flexibility and improving performance.
According to the Cartesi white paper, its objective is to enable dApp developers to construct ever more appealing products for their clients. “The blockchain, like any paradigm shift, offers both opportunities for true innovation and the risk of reinventing the wheel.” It says
Who founded Cartesi?
Augusto Teixeira, Erick de Moura, Diego Nehab, and Colin Steil founded Cartesi in 2018. Moura is its CEO. It began as a trustless artificial intelligence platform, but it has since grown into a Layer 2 project focused on addressing blockchain scalability and infrastructural challenges.
The Cartesi token
The Cartesi token is a multifunctional token and cryptocurrency that enables the Cartesi Proof of Stake network to function. It is primarily used to incentivize Cartesi node operators to participate within the ecosystem transparently, as well as to stake and pay transaction fees. The CTSI token also ensures that dApps are executed correctly and deters unscrupulous users, ensuring that Cartesi’s network is secure.
CTSI, like many other digital currencies, has a finite supply, which means that only 1 billion CTSI coins will ever exist.
Cartesi utilizes a hybrid system of on-chain transactions and off-chain computations to bring improved software development practices to blockchain technology.
Cartesi relies on multiple off-chain components to reduce the amount of intensive computation and transient data saved on the primary blockchain. They are the Noether Machine and the Cartesi Machine. The Cartesi Machine is a virtual machine based on Linux that is utilized by Cartesi nodes to do dApp calculations before transmitting the results to the blockchain. In a Linux environment, dApps can be built in a variety of programming languages.
Cartesi’s Noether, on the other hand, is a data availability oracle that runs on a sidechain. Noether can record and store data that is needed for a brief period of time. Getting rid of data that will only be needed for a short time frees up space and improves the blockchain’s efficiency over time.
A total of one billion CTSI tokens are available. A quarter of the overall supply, however, is set aside as a reserve for the company’s miners. A series of restricted accounts are also included in the coin, which will unlock over time. The allocation of this token has been analyzed as follows:
The foundation receives 30.9%; 5% goes to corporate partnership; 5% to token sale; 5% to marketing and community; 15% to the Cartesi’s team; 2.1% to advisers; 10% to the first round of private sales; and 25% to the mining reserve.
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Cartesi Overview
| Cartesi Current Price | $0.17 |
| Price Change (24hrs) | $0.006569 (up by 4.15%) |
| 24hrs Low / 24hrs High | $0.152 / $0.1662 |
| Trading Volume (24hrs) | $15,096,086 USD (down by 9.04%) |
| Volume / Market Cap | 0.1597 |
| Market Dominance | 0.01% |
| Market Rank | #189 |
| Cartesi Market Cap | $94,518,653.65 (up by 3.86 %) |
| Fully Diluted Market Cap | $165,485,082.78 (up by 3.86%) |
| All Time High (May 09, 2021) | $1.75 (down by 91.19%) |
| All Time Low May 10, 2020 | $0.02675 |
| Cartesi ROI | up by 1003.23% |
| Circulating Supply | 571,161,171 CTSI |
| Total Supply | 1,000,000,000 CTSI |
| Max Supply | 1,000,000,000 CTSI |
Cartesi Price Forecast
After witnessing the token’s quick surge in recent days and subsequent attempts by certain traders to capitalize, investors are keen to learn Cartesi’s price estimate. Will Cartesi continue to rise or will it begin to fall?
Fundamentals
Cartesi is now trading at $0.165485 USD with a 24-hour trading volume of $15,096,086 USD. Our CTSI to USD pricing is updated in real-time. In the previous 24 hours, Cartesi has risen 3.86 percent. With a live market cap of $94,518,654 USD, Bitcoin is now ranked #189 on CoinMarketCap. There are 571,161,171 CTSI coins in circulation, with a maximum supply of 1,000,000,000 CTSI coins.
At $1.74, it was at an all-time high. Since its all-time high, the price has dropped to $ 0.130633. (cycle low). Since the cycle low, the highest CTSI price has been $ 0.167395. The sentiment among some Cartesi price forecasters is currently bearish. Others, on the other hand, have a more bullish price outlook.
Cartesi hasn’t really been one of the best-performing cryptocurrencies in recent times. Despite this, some traders are still profiting from the current rise. Nonetheless, it might be a good investment for you. Make sure you can afford to lose what you invest in and are comfortable with risk and volatility before you make a purchase.
Technical
CTSI was already on a downward trend for the previous few months, consistent with current crypto movements. On November 11, 2021, a 4th high of $1.73 was recorded, followed by an immediate correction. By the 5th of December, these gains had been largely reversed, with the CTSI closing the day at $0.57.
With the exception of a small bounce in late December, the CTSI has been trading sideways. The slump lasted until March 8, 2022, when trade lows of $0.29 were reached.
The coin experienced a significant upswing from that moment, reaching a high of $0.398 on April 21. However, the token’s value has dropped drastically since then, and as of June 21, 2022, it is selling for $0.1654.
Given the foregoing price movement, prospective buyers should be advised that CTSI’s price is far from assured. Any significant trend reversal will very certainly be predicated on bitcoin’s price improving.
Now, let’s take a look at the CTSI coin price prediction and forecast.
Cartesi (CTSI) Price Prediction
Cartesi Price Prediction 2022
According to Wallet Investor’s analysis, the CTSI price is expected to fall to $0.02038 by the end of 2022. The current sentiment is bearish. However, the forecast from Digitalcoinprice is slightly encouraging as it is predicted that CTSI will reach a minimum of $0.2 by the end of the year and could trade at a maximum price of $0.23.
Cartesi Price Prediction 2023
Cartesi will most likely utilize the year 2023 to demonstrate the project’s value. The CTSI cryptocurrency’s growth will be aided by expanding its ecosystem and improving developer participation. This development could see CTSI rise to $0.3 by the end of the year.
Cartesi Price Prediction 2025
In 2025, digital forecasters expect moderate growth. The performance of bitcoin determines trading activity. The maximum price of CTSI is predicted to reach $0.54.
Cartesi Price Prediction 2030
CTSI is expected to cross the $1 mark in long-term forecasts, resulting in an average Cartesi price prediction of $1.18 by 2030.
Frequently Asked Questions (FAQs)
What is the current price of Cartesi (CTSI) token?
As at the time of writing, the current price of CTSI is $0.17.
What will CTSI be worth by the end of 2022?
By the end of 2022, forecasters at walletinvestors predict a fall in the price of the Cartesi token. The current sentiment is bearish and it is predicted to be valued at $0.02. Digitalcoinprice has a more optimistic prediction of $0.2 by the end of the year.
What will CTSI be worth by 2025?
In 2023, the price of CTSI would have increased to a minimum price of $0.54.
Where can I buy Cartesi tokens (CTSI)?
Cartesi is available for purchase on cryptocurrency exchanges including as CoinbaseProHuobi Global Kraken, Bithumb, and HitBTC. Cartesi is listed on 33 different exchanges. Kraken is currently the best CTSI exchange.
Purchasing and selling cryptocurrencies necessitates the conversion of fiat currency, which necessitates the payment of fees as commission. You can buy CTSI on cryptocurrency exchanges using money on your debit or credit card, though you’ll have to pay a fee to initiate the purchase. Trading cryptocurrency is far more expensive than exchanging stocks or bonds, so keep that in mind while making purchases.
With a solid background, knowledge and certifications in blockchain, fintech and technical content writing. Gabriel has researched, written and developed several SEO-driven articles, press releases, financial technical documents, litepapers and whitepapers in the blockchain niche. He also specializes in taking rough business ideas and making sure they are both financially and technically feasible (with a focus on blockchain, tokenomics advisory, DeFi, AI and the finance industry).