Every day, new ideas continue to emerge to enhance the integration of this powerful technology into real life. Today we will talk to you about the Cartesi project, which can strengthen the impact of blockchain on everyday life. The project must solve real problems in order to succeed.
About the problems:
One of the main problems of blockchain networks is scalability. To open it, a blockchain network that works with a confirmation system has a very strong structure, but its characteristics that make it strong also lead to its weakening. As the number of transactions in the network increases, the network becomes clogged due to the accumulated number of confirmations and similar effects. If you remember transactions that were delayed as a result of increased transfers to bitcoin at the end of 2017, you know very well what I'm talking about. Since the blockchain performs every transaction with registration and verification in the network, it inherently becomes cumbersome when the number of transactions increases, making it unintegrated into everyday life in its current form.
The blockchain network usually does not approve transactions outside the network and stores them outside the chain. This requires that each process is registered individually on the network. The constant increase in the number of transactions also leads to the growth of files for the blockchain network, which leads to much more congestion in the network. When you think about the quadrillions of transactions that will be performed in everyday life, you will find that the network is not possible to process in this form. Due to scalability issues, energy demand and network costs are also increasing exponentially. This makes the blockchain much more expensive than it should be, and people have to either pay large fees for quick transactions, or postpone their transactions at a quieter time.
Method of solutions:
The Cartesi project is mainly focused on solving the problem of network scalability. Solving this problem can make it much easier to adapt the system to everyday life by preventing factors that hinder its use, such as slowness and cost. Using the off-network registration mechanism (RISC-V) created by the Cartesi team and based on Linux, heavy transactional traffic that slows down the network will be removed from the network and freed from unnecessary network loads. the new system actually divides the blockchain network into two main templates, turning it into two parts that can work together. The first part of the system relaxes the network structure thanks to the offline registration function, and the other, as we all know, provides a community consensus, which is a mandatory feature of the blockchain network.
How Cartesi works:
- Operations that are performed are registered offline.
- Registered transactions are moved across the network.
- Approval in the network is simply performed after the necessary checks.
- If there is a dispute process, Cartesi solves the problem.
overall assessment:
Cartesi has the potential to solve the scalability problem that has emerged as a huge problem since the blockchain network existed. With the solution of the problem, we will be able to see blockchain applications in everyday life much more often. At the same time, the system has offers for solutions that do not tire the network within the framework of smart contracts, and this is a great advantage. If you love and follow technology, you should follow this project much more closely with features that could be the future of blockchain. It was the invention of the Internet and the revolution that ushered in a new era of blockchain. Along with the innovations that he plans to offer us, Carthesi draws attention to the fact that he has qualities that can make a revolution in the near future.
The benefits of the project:
- Solving a scalability problem that hasn't been solved since the beginning of the journey.
- Ability to perform operations much faster
- Acceleration of adaptation to everyday life (software, games, financial sector, research)
- Convenient ease of processing performed at much lower rates
- Powerful infrastructure
- The ability to get all the benefits provided by the blockchain without problems
Project team:
Advisors
Project road map:
Conclusion:
The Cartesi project offers us innovations and integration of incompatible things. Its creators took care not only of the interaction of several blockchains, but also took the responsibility to revolutionize the niche of decentralized applications and artificial intelligence. To be honest, I have not even seen anything like this in the service market. Cartesi is truly the first project that has undertaken to implement features that we didn't even think about. I am sure that the project will succeed.
Thank you for attention!
All useful links can be found below:
Website: https://cartesi.io/
Whitepaper: https://cartesi.io/cartesi_whitepaper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5211981.0
Telegram: https://t.me/CartesiProject
FACEBOOK: https://www.facebook.com/cartesiproject
TWITTER: https://twitter.com/cartesiproject
MEDIUM: https://medium.com/cartesi
REDDIT: https://www.reddit.com/r/cartesi/
LINKEDIN: https://www.linkedin.com/company/cartesiproject
YOUTUBE: https://www.youtube.com/channel/UCJ2As__5GSeP6yPBGPbzSOw
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