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Cartesi Announces Launch of Noether’s Staking Delegation Full Release on Mainnet

UTC by Oluwapelumi Adejumo · 3 min read
Cartesi Announces Launch of Noether’s Staking Delegation Full Release on Mainnet
Photo: Cartesi

With Cartesi’s Linux-integrated standard programming environment, developers are able to build more scalable smart contracts that would get wider use.

Cartesi, a layer-2 platform for the development and deployment of scalable decentralized applications, has announced that its staking delegation is now live on its mainnet after months of intense testing.

According to the press release, “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.”

As evidence of the stringent measure its testing period went through, it was revealed that the beta phase of the mainnet testing had three staking partners in  Everstake, Blockscope and HashQuark, who were limited to managing 3.6 million units of the native token of the platform.

“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,” wrote the company.

Cartesi highlighted that it would continue to cover the fees that might be attached to the 3 million tokens that were staked for testing purposes, ensuring block production and accurate testing. Per the release, this is to ensure that there is no negative effect on the mine’s reserve supply, and that pool managers would remain at liberty to their desired commission for their mining pools.

Why Cartesi’s Delegated Staking Is Unique

What Cartesi’s delegated staking brings is convenience. Ordinarily, developers around the globe might face different challenges caused by their environment and other factors. However, by coding their smart contracts on the mainstream software, they saved from any of these challenges that may arise.

Thus, with Cartesi’s Linux-integrated standard programming environment, developers are able to build more scalable smart contracts that would get wider use.

While speaking on the development, 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.”

Invariably, Cartesi will be able to “combine a groundbreaking virtual machine, optimistic rollups and side-chains … to revolutionize the way developers create blockchain applications.”

Blockchain News, News
Oluwapelumi Adejumo

Oluwapelumi is a believer in the transformative power Bitcoin and Blockchain industry holds. He is interested in sharing knowledge and ideas. When he is not writing, he is looking to meet new people and trying out new things.

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