Cartesi Announces The Launch of Noether’s Staking Delegation Full Release on Mainnet
October 15 2021 - 3:00AM
NEWSBTC
After months of intense development and beta testing Cartesi is
proud to announce that Staking Delegation is live on mainnet. Erick
de Moura, CEO of Cartesi, says, “This is a fundamental turning
point where Cartesi starts to become a more collective
construction. Our community’s participation matters and makes us
all stronger, from the CIP discussion about the fee structure, to
the constant support and feedback from CTSI holders and node
runners. We are thrilled to release Delegated Staking for
everyone.” The launch was carefully planned to ensure that Cartesi
community members holding CTSI would be exposed to a minimum amount
of risk throughout three test phases, including the last beta phase
on mainnet. In total, three audits were conducted. One internal
audit was done by our advisors and two by external companies
including Certik (whose review can be found here) and ImmuneFi who
will be launching a bug bounty program. During the beta phase on
Mainnet, Cartesi worked with three staking partners: Everstake,
Blockscope and HashQuark, who created and managed pools, each
limited to a maximum of 3.6M CTSI. From Cartesi’s Mining Reserve
Intermediate Wallet, 3,000,000 CTSI were staked for testing
purposes, ensuring block production and accurate testing. To ensure
fair block production as new pools slowly come in, the mine reserve
tokens will now be gradually unstaked over the next few weeks. The
Cartesi Foundation will continue covering all of the fees, ensuring
no effect on the mine reserve’s supply. 600,000 CTSI is available
to be accepted by each pool from the community. The pool managers
chose the commission for their operation. Welcome to a full
entirely decentralized system on Mainnet Now, any individual or
organization can create and manage staking pools without any limit
or cap imposed, in a safe and trusted environment that has been
thoroughly tested and audited. For all new pools entering the
system, the Cartesi Foundation will also help ensure fair block
production by delegating its own tokens until the pools are
competitive. Full details about the staking and unstaking process
can be found here. What Cartesi’s Staking Delegation Mainnet
release means on a bigger scale Blockchain adoption is a niche.
Only 0.1% of developers have explored blockchain because of its
inconveniences. Developers worldwide deal with very restrictive
environments and cannot code smart contracts with mainstream
software. With an operating system like Linux, they could use
existing software and tools to create blockchain applications.
Cartesi’s staking delegation on mainnnet is great news for CTSI
holders, who can hold on to the Cartesi project token, but also
support and help create a secure infrastructure for Noether.
Cartesi is allowing developers to code scalable smart contracts
with rich software tools and components they are used to. The
project is a layer-2 solution that integrates Linux and standard
programming environments into the blockchain. Combining a
groundbreaking virtual machine, optimistic rollups and side-chains,
Cartesi aims to revolutionize the way developers create blockchain
applications.
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