CTSI staking will be live on the Ethereum Mainnet on December 28, 10:00 AM HKT 🚀 Stay tuned for instructions to set up your node.
Get prepared: https://cartesi.io/mine
Well, but Cartesy is not the first project which 2nd layer blockchains and 2nd layer projects for ethereum network. So whats advantages before existed project?
Staking is not an usecase at all also. its just an insentive for holders.
What gives Cartesi a competitive edge is that it allows developers to code their smart contracts and DApps directly with mainstream software components and Linux OS resources. This is a breakthrough for the productivity of existing DApp developers and for the adoption from non-blockchain developers. We believe that it's more than a competitive advantage, but rather, a necessary step to the very future of blockchains and their applications.
To avoid confusion, Cartesi can run on any computer. The OS is emulated to develop DApp logic on. Linux is the most relevant OS nowadays in many aspects. Also, Cartesi and public blockchains have an intimate relationship with open-source software. Linux and RISC-V are very good representatives of the open-source (and open standard) worlds with more and more adoption. (Even Microsoft is embracing open-source and Linux, which is an interesting factor to consider).
Cartesi’s architecture and platform can also (easily) support other OS's. But at this point, we don't see a need to invest or to promote this possibility.
As for the token
CTSI is a utility token that works as a crypto fuel for Cartesi's side-chain. Stakers receive CTSI rewards by staking their tokens and participating in the network. Node runners are selected randomly according to a PoS system and gain the right to create the next block. Users of the network pay CTSI fees to insert data on the side-chain. CTSI will also be used for DApps to outsource the execution of verifiable and enforceable computation to entities running Descartes nodes. Detailed information can be found here: https://medium.com/cartesi/cartesi-network-and-ctsi-b9a5e206fedf
Staking is not just an incentive for users, as CTSI Reserve Mining and its PoS system aim at bootstrapping the network that will involve into Cartesi's side-chain, Noether, a highly optimized data availability oracle for temporary storage and an important part of Cartesi's scalability stack.
The final phase of Cartesi's staking will be CTSI's innovative staking auction system, which brings a number of benefits to staking such as users being able to pre-define their staking rewards and opportunity costs: https://medium.com/cartesi/the-ctsi-macroeconomy-ea60a35ab2f3
To learn more about CTSI Reserve Mining: https://cartesi.io/mine