Cartesi is a platform that intends to bring real world computations to the blockchain.
What Motivates Cartesi?
Typically, blockchains are designed to achieve consensus through full redundancy, replicating storage and repeatedly executing computations in all nodes connected to their networks. Theoretically, this results in a non-scalable environment. Therefore, it is impossible to compute real world data on distributed ledger networks.
For a substantial period, blockchain networks have been developing solutions to curb the scalability problem. In this regard, the industry has adopted two different approaches, namely layer-1 and layer-2 scalability solutions. Layer-1 solutions are deployed on the root blockchain, while layer-2 solutions leverage smart contracts and creates micro-chains off the main network.
Despite their variation, these two solutions complement each other and have a crucial role in the future of the blockchain. However, these solutions are entirely focused on distributed ledgers. What is currently lacking is a platform that links blockchains to the real world.
The Cartesi Solution
In addition to the abilities of layer-2 solutions, the Cartesi platform incorporates an infrastructure layer that enables blockchain networks to realize consensus over real-world computations processed off the main chain. Essentially, Cartesi facilitates the processing of voluminous amounts of real world data in a blockchain environment with an impenetrable security mechanism.
Additionally, the Crates platform also offers other benefits associated with blockchains, including the elimination of intermediaries. Cartesi enables DApp developers to:
- Create programs that are compatible with various types of network nodes.
- Leverage the computing power of off-chain processors.
- Use all sources of data, regardless of its size.
- Acquire consensus concerning the processing of programs that are running off-chain.
- Resolve disputes at affordable cost on the distributed ledger.
The off-chain computations are conducted by Cartesi nodes that represent interested participants. The nodes emulate real world systems based on the RISC-V framework, built using the Linux operating system. Notably, the emulator is deterministic, enabling the machine to execute similar conditions irrespective of whether it runs on Linux, Windows or MAC.
If a dispute arises during the off-chain transactions, it can be resolved on the blockchain. The resolution process assumes the format of a verification game, after which the winner is compensated while the loser is reprimanded. The verification game does not have a significant impact on the performance of the blockchain.
Undoubtedly, the Cartesi platform has the potential to transform the future of DApps. Below are some of the application areas for this unique technology.
As mentioned earlier, Cartesi is inclusive of layer-2 scalability solutions. The presence of smart contacts facilitates the off-chain processing of compactions and on-chain dispute resolution. Moreover, the simplistic API enables developers to create DApps easily.
By pooling the collective processing power of idle computers, Cartesi establishes a supercomputer that can be used to perform advanced scientific research. In exchange, the computer owners receive tokens.
Cartesi will introduce a trustless marketplace for DApps, AI and computational tasks. Here, developers can access services such as machine learning and big data analytics at an affordable cost.
Cartesi ERG Token ICO Details
As far as the ICO for Cartesi, it is difficult to find any information regarding their token sale that other crypto media sites have labeled as ERG. Once we can find more information regarding the Cartesi ICO and its ERG token we will be sure to update our review.