Cartesi Announces Bootstrapping of Noether Sidechain Network

Place/Date: - November 30th, 2020 at 8:55 pm UTC · 2 min read
Source: Cartesi

Cartesi (CTSI), the project enabling smart contracts to run on a Linux environment, is launching the PoS system that will power the data availability side-chain (Noether) on mainnet. Noether will be a highly optimized data availability oracle for temporary storage and a key element of Cartesi’s scalability stack.

From this point forward, existing and aspiring CTSI holders can stake their tokens via the mainnet PoS system on Ethereum. In bootstrapping the adoption of its staking system, Cartesi has guaranteed that an expanding percentage of tokens are locked into the network, with consequent benefits for security.

To commemorate the milestone, Cartesi has publicized a pre-staking campaign running exclusively on South Korean cryptocurrency exchange CoinOne, wherein users can pre-stake CTSI in anticipation of the forthcoming launch. Coinone will provide their users with 30%+ in annual rewards for pre-staking CTSI.

In the near future, CoinOne will offer custodial CTSI staking, eliminating the need for users to run their own Cartesi nodes.

CTSI Reserve Mining will compete with existing defi protocols in terms of rewards and flexibility, with Cartesi providing more security because its system is reliant on staking contracts that have been properly tested and audited.

The final phase of Cartesi’s staking will be CTSI’s innovative staking auction system, which brings a number of benefits to staking. For example, users are able to pre-define their staking rewards and opportunity costs in advance.

About Cartesi

Cartesi is taking smart contracts on Ethereum to the next level, solving the urgent problem of scalability and high fees by implementing a variant of optimistic roll-ups. Most notably, it is revolutionizing smart contract programming by allowing developers to code with mainstream software stacks instead of Solidity.