How to Buy Cartesi (CTSI) Crypto Right Now • Benzinga

The blitz of Altcoin Season is upon us, and it seems like a new asset is added to Coinbase or Gemini every other day. We’ve seen joke cryptos like Dogecoin added to the ranks in recent days, along with other less memeable names like Tellor, Mirror and iExec RLC. And no, my cat didn’t just run across the keyboard, it’s really called iExec RLC.

Among the most recent additions to Coinbase was Cartesi, which isn’t a type of pasta but a cryptocurrency, that seeks to reduce fees and improve scalability on the blockchain by using pre-existing programming languages.

What is Cartesi (CTSI)?

CTSI is the token powering the Cartesi network. Like many new digital protocols entering the crypto space, Cartesi wants to reduce friction by curtailing fees and increasing the scalability of projects on the blockchain. 

But here’s where Cartesi differs from it’s peers: Developers can use an already-familiar programming language to build their applications for the blockchain.

Despite all the progress being made in this space, the blockchain remains limited by transactional restraints. On-chain processing is inefficient and expensive, which negates the true impacts that blockchain tech can have. 

Cartesi uses Linux to verify information off-chain and reduce the amount of time and processing power required for a new block to be built. By taking these processes off-chain, energy is saved and fees are reduced. If a dispute arises, Cartesi will turn to the blockchain for validation. According to its founders, the blockchain is the “Supreme Court” for the Cartesi protocol.

Brief History of Cartesi (CTSI)

Cartesi was developed and released in 2018 with its first true application appearing in 2019. Creepts, a game where players must defend a tower, is the initial project to use the Cartesi network. 

Cartesi was developed as a layer-2 project that uses something called optimistic rollups to reduce friction. Optimistic rollups are built on top of existing blockchain tech in order to limit the processing power needed on the blockchain. Cartesi has a special variation of an optimistic rollup called a Descartes Rollup that processes data off-chain using Linux. 

By replacing the Ethereum Virtual Machine (EVM) with its own Linux-based system, Cartesi can bundle data to the blockchain like a ZIP file — a condensed version that’s easier to send but contains all the data necessary to implement a project or verify a transaction.

Cartesi is supported not just by the Ethereum blockchain but also by the Binance Smart Chain, Avalanche, Polygon, Elrond and Injective Protocol. The CTSI token is an ERC-20 token awarded to those who stake coins or partake in the network. The maximum supply of CTSI is 1 billion tokens. 

Additionally, CTSI is awarded to those who verify and power Noether — the Cartesi ‘side chain’ for temporary data storage.

How to Buy Cartesi (CTSI)

  1. Open an online account.

    To purchase Cartesi tokens, you’ll need to set up an account with a cryptocurrency exchange. Cartesi is a relatively small digital asset with a market cap below $400,000,000, so it’s not widely available across the spectrum of exchanges. 

    It’s carried by Coinbase, but you can also find it at Changelly and Binance. Coinbase has the easiest onboarding process. Get started with an exchange using the links below!

  2. Buy a wallet (optional).

    For an extra layer of security, consider a digital wallet for your crypto assets. Digital wallets can store not only cryptocurrencies but also non-fungible tokens (NFTs) purchased from a market like OpenSea or NiftyGateway. Except Top Shot moments. The NBA isn’t giving up control of those.

    You’ll run into 2 different types: hot wallets and cold wallets. Think of hot wallets as connected and cold wallets as disconnected. A hot wallet is an app like Coinbase Wallet or Trust Wallet that’s downloaded and used on a smartphone, tablet or computer. Hot wallets are connected to internet-accessible devices at all times, so they aren’t impervious to predators.

    Cold wallets are hard drives for digital assets that can be physically disconnected from electronics and removed from WiFi. Cold wallets can be used as literal safes for your cryptocurrency and NFTs—a secure, physical object that requires a passcode to open. Find a list of the best wallets below.

  3. Make your purchase.

    Make your decision on wallets before making your Cartesi purchase because you don’t want to make multiple transactions when moving assets from the exchange to the digital wallet. Fees are high, so avoiding unnecessary movement is key. Decide how much of your capital to devote to CTSI and then make your purchase. 

    When buying traditional assets, a good rule of thumb is the 1% rule, which states that no single asset should make up more than 1% of your trading portfolio. Cryptocurrency is a little different since volatility is high and fewer assets are available for purchase, but you still don’t want to load up too heavily on any single altcoin.  

Best Crypto Exchanges for Cartesi

Best For

Crypto Investing

Best For

Crypto Investing

1 Minute Review

Coinbase is one of the Internet’s largest cryptocurrency trading platforms. From Bitcoin to Litecoin or Basic Attention Token to Chainlink, Coinbase makes it exceptionally simple to buy and sell major cryptocurrency pairs. 

You can even earn cryptocurrency rewards through Coinbase’s unique Coinbase Earn feature. More advanced traders will love the Coinbase Pro platform, which offers more order types and enhanced functionality.

Though Coinbase doesn’t offer the most affordable pricing or the lowest fees, its simple platform is easy enough for complete beginners to master in as little as a single trade.

Best For
  • New cryptocurrency traders
  • Cryptocurrency traders interested in major pairs
  • Cryptocurrency traders interested in a simple platform
  • Simple platform is easy to operate
  • Comprehensive mobile app mirrors desktop functionality
  • Coinbase Earn feature rewards you with crypto for learning about available coins
  • Higher fees than competitors

Best For

Instant exchanges

Best For

Instant exchanges

1 Minute Review

Changelly Crypto is a cryptocurrency exchange platform that allows users to swap, buy and sell more than 170 cryptocurrencies. 

With an intuitive and straightforward platform, tools that allow you to find the best exchange rate quickly and multiple forms of currencies and payment methods accepted, Changelly offers a wide range of benefits over its competitors. 

Though we’d love to see Changelly expand its educational offerings and consider adding phone support to its customer service repertoire, the platform is a solid choice for both new and experienced traders alike.

Best For
  • New cryptocurrency investors
  • Investors looking to invest in cryptocurrency using a non-major fiat currency
  • Investors who value high-level customer support options
  • Selection of more than 170 cryptocurrencies to buy, sell and exchange
  • Simple and straightforward platform is easy enough for beginners
  • Pro platform is ideal for advanced users
  • 24/7 live chat support is responsive and proactive
  • Currently no option for phone support