Cartesi is pleased to announce that Staking Delegation is now available on the mainnet, following months of intense development and beta testing.
“This is a fundamental turning point where Cartesi begins to become a more collective construction,” says Erick de Moura, CEO of Cartesi. From the CIP discussion about the fee structure to the constant support and feedback from CTSI holders and node runners, our community’s participation matters and makes us all stronger. We are overjoyed to make Delegated Staking available to everyone.”
The launch was meticulously planned to ensure that Cartesi community members holding CTSI faced the least amount of risk during the three test phases, including the final beta phase on mainnet. Three audits were carried out in total. Our advisors conducted one internal audit and two external audits, including Certik (whose review can be found here) and ImmuneFi, which will launch a bug bounty program.
During the Mainnet beta phase, Cartesi collaborated with three staking partners: Everstake, Blockscope, and HashQuark, who created and managed pools with a maximum of 3.6M CTSI.
3,000,000 CTSI were staked from Cartesi’s Mining Reserve Intermediate Wallet for testing purposes, ensuring block production and accurate testing. The mine reserve tokens will now be gradually unstaked over the next few weeks to ensure fair block production as new pools gradually come in. The Cartesi Foundation will continue to cover all fees, ensuring that the mine reserve’s supply is unaffected. Each pool has 600,000 CTSI available to accept from the community. The commission was chosen by the pool managers for their operation.
Welcome to Mainnet’s fully decentralized system.
Any individual or organization can now create and manage staking pools in a safe and trusted environment that has been thoroughly tested and audited. The Cartesi Foundation will also help ensure fair block production for all new pools entering the system by delegating its own tokens until the pools are competitive.
Complete instructions for staking and unstaking can be found here.
What the release of Cartesi’s Staking Delegation Mainnet means on a larger scale
Blockchain adoption is still in its early stages. Because of the inconveniences associated with blockchain, only 0.1 percent of developers have investigated it. Developers all over the world work in extremely constrained environments and are unable to code smart contracts using mainstream software. They could use existing software and tools to create blockchain applications using an operating system like Linux.
Cartesi’s mainnet staking delegation is great news for CTSI holders because it allows them to keep their Cartesi project token while also supporting and contributing to the creation of a secure infrastructure for Noether. Cartesi enables developers to code scalable smart contracts using familiar software tools and components. The project is a layer-2 solution that integrates the blockchain with Linux and standard programming environments. Cartesi aims to revolutionize the way blockchain developers create blockchain applications by combining a groundbreaking virtual machine, optimistic rollups, and side-chains.