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What is Cartesi (CTSI)?
Cartesi (CTSI) is a roll-up execution layer designed specifically for applications and featuring a Linux runtime. The platform's RISC-V virtual machine enables developers to leverage decades of open-source knowledge and create decentralized applications using their preferred libraries, compilers, and other established open-source tools. Cartesi Rollups can be deployed as Layer 3, (on Optimism, Arbitrum, zkEVM chains, etc.) Layer 2 (on Ethereum), or as sovereign rollups.
CTSI is the token for Cartesi, and its primary function is governance within the Cartesi ecosystem. The Cartesi Foundation's decentralized ecosystem will utilize CTSI to facilitate community voting on Cartesi Improvement Proposals (CIPs), including the governance of the Cartesi Community Grant Program and other aspects of the ecosystem. CTSI will also play a crucial role in providing convenience and timeliness for DApps through Noether, Cartesi's proof-of-stake system for incentivizing blockchain interactions.
What makes Cartesi Unique?
What sets Cartesi apart is its unique approach as an application-specific rollup execution layer with a Linux runtime. DApps deployed on Cartesi run on customizable application-specific rollup chains, do not compete for scarce block space, and benefit from increased computational capacity. This approach enables developers to create more expressive and computationally intensive applications while maintaining the security guarantees and censorship resistance of the underlying blockchain.
The Cartesi Foundation is supported by a diverse ecosystem of contributors, including experienced professionals, researchers, and engineers from reputable organizations such as Microsoft Research, ETH Zurich, and Princeton.
Cartesi (CTSI) Pros and Cons
- Linux-based rollup execution layer for applications
- Enables developers to use preferred open-source tools
- Enhanced computational capacity for Ethereum or L2s
- Decentralized governance through CTSI token
- Requires a high level of technical knowledge to get into.
- Limited adoption and awareness.
- The smart contract is not open source.
Cartesi (CTSI) Review
Cartesi offers a unique solution in the blockchain space by providing an application-specific rollup execution layer with a Linux runtime. This approach allows developers to build more expressive and computationally intensive decentralized applications using familiar open-source tools. However, it might be held back currently by a lack of awareness and adoption since it's a relatively new project in the crypto space. It is also a highly technical project, which further limits its reach.
It's also worth highlighting that our security review has found that the project's code is not open-source and we, independent auditors cannot verify its contents. This increases the risk of it containing malicious and possibly harmful code. While this sounds risky, the project may also be guarding its proprietary tech, thus making its source code hidden so it cannot be copied.
We also found mint functions on a few of its smart contracts, as well as a function on one of its contracts that allows the contract owners to modify and change user balances within the block at will. Although these functions are working as intended, they may contribute to future security vulnerabilities. We think it's essential to inform you about their existence and let you evaluate the risks you're comfortable taking.
Is Cartesi (CTSI) a Scam?
There seems to be no evidence to suggest that Cartesi or its CTSI token is a scam. The project has a well-defined white paper and a strong team of contributors from reputable organizations. The Cartesi Foundation's commitment to decentralized governance and the growth of its ecosystem further bolster the project's credibility.
But to be extra cautious in any investment scenario, potential users and investors should make a habit of carrying out their own research (DYOR). By thoroughly reviewing the project, its team, and its goals, you can gauge and mitigate risks before committing to investing. The presence of scams in the crypto landscape makes these practices essential for steering clear of unfavorable investment choices.
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