Cartesi Price in India (CTSI)

Cartesi is a layer 2 protocol designed to tackle the issue of scalability and high fees in blockchains. The platform aims to take smart contract deployment and dApp development to the next level by allowing developers to code using mainstream software stacks rather than the limited languages typically used in blockchain development. CTSI is the native token of the Cartesi ecosystem.

Cartesi was co-founded in 2018 by Erick de Moura, Augusto Teixeira, Diego Nehab, and Colin Steil. They all came from high-level academic backgrounds in software design, programming, and mathematics.

• Versatile development: Cartesi allows developers to code using familiar programming languages rather than the limited languages typically used in blockchain development, making it easier to deploy dApps.

• CTSI token: CTSI is the native token of the Cartesi network. The multi-purpose token is used for staking, paying transaction fees, and participating in the network’s governance.

• High scalability: Scalability and low transaction fees are the main features of the Cartesi ecosystem. Being a Layer 2 solution provider, Cartesi can increase computational power by processing data off-chain using optimistic rollups.

• Privacy: The platform is designed to keep users’ information private despite its decentralized nature. Users can keep their personal data secure and private.

CTSI token has performed well in the crypto market, garnering significant support from crypto traders. Since its inception, the CTSI token has gained over 140% as per CoinMarketCap, hitting an all-time high of $1.75 in May 2021. CTSI ranks at #310 in terms of market cap with a market cap of $115,088,074 as of August 2024. According to the technical analysis of CTSI, the token price is expected to hover between $1.36 and $1.60 by 2030. 

Download the CoinSwitch app to invest in CTSI.

• The CTSI token can be used as a mode of payment for both on-chain and off-chain transactions. 

• Token holders can stake their CTSI tokens to earn staking rewards. 

• CTSI token holders can participate in the network’s governance and partake in making important decisions related to the functioning of the Cartesi ecosystem. 

• It can be used as fuel for the Noether Proof of Stake system, a staking mechanism used by Cartesi’s sidechain, Noether.

• The platform is considered a developer-friendly Layer 2 solution provider owing to its support of mainstream programming languages and tools.

• CTSI token has multiple utilities such as staking, on-chain transaction fees, and governance.

• Cartesi can increase computational power by processing data off-chain using optimistic rollups.

• Its native token CTSI ranks very low in terms of trading volume, at #624.

• It faces strong competition from several other Layer 2 platforms that are more prominent than Cartesi. 

• Akin to all other cryptos, CTSI’s price is subject to market volatility.

• Trade in Cartesi (CTSI) on CoinSwitch by downloading the app. 

• Crypto traders interested in CTSI can start investing just ₹100.

• CoinSwitch offers over 170+ other cryptos in a secure environment with just a nominal trading fee.

Cartesi was initially created with the vision of a trustless AI marketplace. However, it evolved into a Layer 2 solution in 2018. In April 2020, the project raised $1.5 million through an ICO, offering 100 million CTSI tokens.