Why Cartesi (CTSI) crypto’s trading volume grew 70% on Friday?

July 15, 2022 11:39 PM AEST | By Versha Jain

Why Cartesi (CTSI) crypto’s trading volume grew 70% on Friday? — Image source: © Alexanderushkevich | Megapixl.com

What is Cartesi (CTSI)?

Cartesi is a Layer-2 blockchain OS to develop and deploy decentralized applications. Its infrastructure supports Linux operating system and mainstream software, helping developers in coding scalable smart contracts and building DApps in familiar programming languages.

Its co-founders are Erick de Moura (CEO), Colin Steil (COO), Diego Nehab (CTO), and Augusto Teixeira (Chief Scientific Officer). The platform’s virtual machines, rollups, and side-chains enables developers to build next-generation blockchain DApps.

Cartesi claims to be the first blockchain OS, which boosts computational scalability, supports sophisticated decentralized applications, and protects users’ privacy.

CTSI token:

CTSI is the utility token of the network. With a circulating supply of 593 million, CTSI’s current market capitalization is US$96.6 million. The total supply is one billion. The crypto exchanges that offer the token include Binance, MEXC, Kraken, KuCoin, WazirX, BingX, Bybit, DigiFinex, etc.

Bottom line:

Cartesi’s project team has years of experience in coding and blockchain technology. However, the crypto market is highly volatile; investors should apply caution before investing in cryptos.

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