Cartesi (CTSI)

Development Environment

Cartesi provides developers with a full Linux environment inside its virtual machine, allowing them to use familiar programming languages, tools, and libraries to build decentralized applications (dApps).

Scalability and Performance

It offers high-performance rollups that give dApps dedicated computing power, making them faster and able to handle more complex tasks without losing security or decentralization.

Customization and Flexibility

Developers can customize their dApps with features like gas metering and data availability solutions, tailoring the blockchain experience to specific needs.

Use Cases

Cartesi supports a wide range of applications including AI, decentralized finance (DeFi), gaming, and more, enabling more powerful and scalable dApps across different industries.

Pros of Cartesi

• Linux Environment: Developers can build dApps using a full Linux OS, which supports many popular programming languages and tools, making development easier and more flexible.
• Scalability: Cartesi uses optimistic rollups and app-specific rollups to increase transaction speed and reduce blockchain congestion.
• Lower and Stable Fees: Dedicated network resources help keep transaction fees predictable and stable.
• Modular and Customizable: Developers can customize gas metering, data availability, and other features to fit their dApp needs.
• Powerful Computation: Supports heavy off-chain computations that are verifiable on-chain, enabling more complex and powerful dApps.
• Cross-Chain Compatibility: Designed to work with multiple blockchains, increasing dApp portability.
• Strong Community and Ecosystem: Open-source with active developer support and partnerships, including Binance Smart Chain.

Cons of Cartesi

• Complexity for Beginners: While it simplifies some aspects, using Linux and advanced rollups may still have a learning curve for new developers.
• Relies on Ethereum Security: As a layer 2 solution, it depends on the underlying blockchain (like Ethereum) for security, which can inherit some limitations.
• Market Volatility: Like many crypto projects, the token price can be volatile, affecting investment and staking returns.
• No Dedicated Wallet: CTSI tokens require third-party wallets, which may be less convenient for some users.

For more details, visit Cartesi's official website.

Founders of Cartesi

• Erick de Moura: Co-founder and CEO, leading the project with a focus on making blockchain development easier and more powerful.
• Augusto Teixeira: Co-founder and Chief Scientific Officer (CSO), originally had the idea for Cartesi and has a strong background in mathematics and academia.
• Diego Nehab: Co-founder and Chief Technology Officer (CTO), responsible for the technical development of Cartesi.
• Colin Steil: Co-founder and Chief Operating Officer (COO), with experience in business operations and venture capital.
• Marco Mirabella: Co-founder involved in the early stages of Cartesi.

These founders started Cartesi in 2018 with the goal of bridging mainstream software development and blockchain technology.

Institutional Investors

Cartesi has received funding from several institutional investors including Chinaccelerator, Artesian VC, SOSV, FBG Capital, Wings Capital, Mindfulness Capital, and SNZ.

Early and Notable Investors

Some of the earliest and notable investors include ICONIUM, coinIX, and Serguei Popov (founder of IOTA), who also acted as an advisor.

Funding Rounds

Cartesi has raised funds through multiple rounds, including an Initial Coin Offering (ICO) and Series A, with a total funding amount around $750K reported in earlier rounds.

Summary

Key investors are a mix of venture capital firms, accelerators, and individual backers connected to the blockchain and tech space.

Halal Status of Cartesi

• Yes, Cartesi is generally considered halal by Islamic finance standards.
• It uses a delegated proof-of-stake (PoS) model that avoids traditional interest (riba) and instead rewards participation in network security.
• The project focuses on providing a scalable blockchain platform with real-world utility, which aligns with halal investment principles.
• Several Islamic finance sources and halal crypto screening platforms list Cartesi as halal to trade and invest in.

For more detailed information, you can visit halal crypto report sites like Practical Islamic Finance or consult Islamic finance experts.