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

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

After months of intense development and beta testing Cartesi is proud to announce that Staking Delegation is live on mainnet. 

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.” 

The launch was carefully planned to ensure that 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.

During the beta phase on Mainnet, Cartesi worked with three staking partners: Everstake, Blockscope and HashQuark, who created and managed pools, each limited to a maximum of 3.6M CTSI. 

From Cartesi’s Mining Reserve Intermediate Wallet, 3,000,000 CTSI were staked for testing purposes, ensuring block production and accurate testing. To ensure fair block production as new pools slowly come in, the mine reserve tokens will now be gradually unstaked over the next few weeks. The Cartesi Foundation will continue covering all of the fees, ensuring no effect on the mine reserve’s supply. 600,000 CTSI is available to be accepted by each pool from the community. The pool managers chose the commission for their operation.

Welcome to a full entirely decentralized system on Mainnet

Now, 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.

Full details about the staking and unstaking process can be found here

Ogwu Osaemezu Emmanuel

Ogwu Osaemezu Emmanuel is a graduate of Mass Communication and Media Studies. He joined the blockchain movement in 2016 when a friend of his introduced him to an investment platform accepting bitcoin. He has never looked back since then. Emmanuel believes the world needs real change and freedom from poverty. He sees crypto and the underlying distributed ledger technology as the catalyst to a better future for all.

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