The Cartesi team released the 2023 Ecosystem Update on April 11, noting that Cartesi Rollups will soon be deployed on the main net. As the rollup update approaches, the token price of the altcoin project has increased by over 65 percent in a week.
Altcoin price skyrocketed on the way to significant upgrade!
According to market data, the Cartesi (CTSI) token has recorded a 68.56 percent increase in the past seven days after the project’s update announcement posted on April 11. According to Cartesi Ecosystem Update 2023, as we have reported as Kriptokoin.com, Cartesi Rollups are fast approaching the main-net deployment phase.
The CTSI token was trading at around $0.1532 on April 11, when the update announcement was published. On April 20, the CTSI price rallied as high as $0.3341 and posted a 118 percent gain in nine days.
CTIS price chart / Source: TradingViewCTSI price followed an upward trend until April 21. However, market data shows that the token has lost 10.86% of its value in the last 24 hours. Whatever the decline, the current CTSI price reflects an 82% increase over the last 30 days.
Cartesi Rollups
Cartesi is essentially a layer-2 scaling solution that allows developers to build dApps running on multiple blockchains. It supports Linux and other mainstream software components, while allowing developers to deploy application-specific rollups as layer-2 on Ethereum (ETH) or layer-3 on other blockchains. The announcement of the altcoin project explains the difference as follows:
…Cartesi Rollups is an application-specific runtime that can be deployed as tier 2 or tier 3; Not a layer 1 Blockchain or DApp. This means that the traditional concept of “main net launch” for Cartesi is different from many other blockchain projects. What will actually go to main net are DApps built using Cartesi.
The main net launch will be realized with the deployment of the first Cartesi-powered dApp Honeypot on the ETH main net. The Honeypot dApp was designed to hold real assets, both to “establish a financial benchmark for secure asset management and to provide a gamified battleground to help the community audit and test Cartesi’s cutting-edge technology.”
The announcement post states that the launch of Honeypot to the main net will mark the “start of a new era” for Cartesi and will test and strengthen Cartesi’s technology and security. However, the Cartesi team has not announced a specific date for the Honeypot’s deployment.
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