Blockchain: Cartesi ready for the mainnet

Cartesi is a project that develops a virtual machine on the blockchain based on Linux and Ethereum, through which rollups and dApps can be created.

A few days ago it announced that the launch of the mainnet is approaching.

Blockchain news: the launch of the Cartesian mainnet

Cartesi Rollups is approaching a stage of development that is ready for the mainnet launch.

In reality, from a strictly technical point of view, it would not be accurate to refer to it as a “mainnet” in this case, since it is a specific execution environment that can be deployed as layer 2 or layer 3, but is not a layer 1 blockchain or dApp.

However, dApps created with Cartesi will actually go on the mainnet.

Thus, Cartesi Rollups will be mainnet-ready with the launch on the mainnet of the first Cartesi-based dApp, which will be Honeypot.

Honeypot is a dApp that will be launched on the Ethereum mainnet to start and run a hacking challenge.

In fact, it will contain real assets with the dual goals of creating a financial benchmark for the safe management of capital, and providing a gamified battleground for society.

Unlike classic bugfinder bounties and capture-the-flag events, you won’t need to submit a hacking recipe to win this challenge, and there won’t be any hidden items to discover. Simply poking a hole in the honey jar (Honey Pot) will allow you to take all of your loot home with you, no strings attached.

What is Cartesi and what is the goal of the blockchain product?

Cartesi is an abstract execution layer specific to Linux-running applications.

Cartesi rollups can be implemented as layer 2, for example on Ethereum, or as layer 3, for example on Optimism, Arbitrum, zkEVM chains, or even as sovereign rollups. It serves to open the design space for more expressive and computationally intensive blockchain applications.

Since dApps are thus deployed on their own customizable rollup chains specific to the applications themselves, they do not compete with each other within the ecosystem for resources. This gives Ethereum and its Layer 2 several orders of magnitude more computational capacity.

The CTSI token

Cartesi also has its own token, called CTSI, present on the Ethereum blockchain as well as on the Arbitrum blockchain and the BSC chain.

Since the announcement of the imminent launch of the mainnet, the market capitalization has jumped from $0.15 to $0.29, almost doubling within two days. It then fell to the current $0.24.

While this is still 86% lower than the May 2021 high, when it even crossed $1.7, it is still significantly higher than the $0.05 it was at before the start of the last big bull run.

It is worth noting that the initial launch price in April 2020 was below $0.04, or six times lower than today’s level.

After also falling below $0.10 during 2022, it has seen an excellent +136% so far in 2023, with its market cap back over $240 million.

This is a low level of capital letters, but not very low, which places this symbol in the fourth or fifth level. It is enough to consider that, for example, Arbitrum’s ARB capitalizes over 2 billion dollars, almost ten times as much.

Community Grants Program

In early 2023, Cartesi launched its Community Grants Program (CGP), with the aim of expanding the network of contributors who build the ecosystem.

One million dollars has been made available for CGP in 2023 alone, and to encourage idea sharing, promote greater collaboration, increase transparency, and attract new contributors, the Cartesi Foundation encourages all grantees to engage with others on its public Discord channels.

Rollups

The first to claim that rollups can be an important part of the development of the Ethereum ecosystem is co-founder Vitalik Buterin himself.

Yes, layer 2 is not enough, precisely because they use a lot of resources and can be bottlenecks.

Rollups, such as Cartesis, can use their own resources, without burdening those of Layer 1 or 2 on which they depend.

Moreover, hundreds, if not thousands, of them can coexist, increasing the computational potential of the ecosystem by several orders of magnitude.

However, they must be based on secure layer 1 or layer 2, otherwise one of the major advantages of decentralized blockchains is lost.

However, Cartesi is not the only project working on rollups on Ethereum. In fact, there are already even more advanced ones. The beauty is precisely the extreme openness and freedom of decentralized ecosystems, thanks to which there can be a lot of positive competition that leads developers to try to do better than others, thus ending up creating benefits for everyone.