Real World Application Of Blockchain Through Cartesi

The blockchain revolution brings borderless decentralization to people across the world. Through decentralized consensus and storage replication across all nodes, the blockchain achieves this decentralization. But, this looks good on paper but not completely scalable in the real-life scenario. The blockchain creates a restrictive environment for decentralized application developers to create dApps. This restrictive environment limits the scalability of blockchain technology and makes real-world computation impractical.

After the global financial crash more than a decade ago, the blockchain birthed a fresh wave of hope to people. The blockchain is the underlying technology behind the cryptocurrencies and beyond. Blockchain is a public ledger that holds all the transactions through cryptography within the blocks. The cryptography ensures that the records are valid and cannot be tampered with, an automated trust.

Can blockchain solve its scalability problem?

Generally, with the advent of the blockchain people have expectations that the blockchain will solve different problems of different sectors. Considering the fact that this technology is a genesis technology, a lot about the technology is untested and untried. Hence, a lot of the solutions from blockchain are speculated. With the passage of time, the challenges of using the blockchain by developers are unraveling.

The blockchain environment is a poor fit for most applications and there is a great demand for a more conducive environment for decentralized applications. All data stored with the blockchain is immutable, it is impossible to alter values on the blockchain. On the other hand, this immutability feature can pose a problem when there is theft from an insecure wallet or there is a need to reverse a transaction. The blockchain also has no single point of failure in the sense that, even if one node is down, other nodes will still function. Unlike mainstream technology that has a single point of failure.

However, if these nodes are not enough it can lead to low processing time. Blockchain networks require nodes to run. Nodes prioritized transactions with higher rewards, in a more like supply and demand scenario. This causes a delay in confirming transactions. The blockchain is a distributed ledger, and every node has an identical copy of the ledger. This makes it easier to restore lost data. Public keys and private keys protect the data of clients. But if these keys are not kept safe, it poses a high risk of losing funds.

With the blockchain, there is no need to trust any authority because the agreement is based on consensus, not trust. Before adding a node to the network or a new block to the network, every block and node are verified for authenticity and are either added to the blockchain or not. Lack of awareness and education about the blockchain has limited the adoption of the blockchain. There is a limited amount of developers who can work within the confines of the technology.

Blockchain is a genesis technology with very few proofs of concept, hence it might not have the capacity to solve its scalability and processing problems.

The Cartesi solution

Cartesi is a blockchain-based infrastructure that helps dApps achieve consensus over complex computations involving large data. Normally, all computations occur on the blockchain (on-chain) which is very restrictive and limits the scalability of the blockchain. But, with Cartesi, computations occur outside the blockchain network creating a seamless workflow for large data to operate. Cartesi achieves this using the Linux operating system, creating a familiar work environment for dApp developers. Disputes are settled within the blockchain and give unlimited power to decentralized applications to achieve their purpose. Cartesi use cases include interoperability between blockchains and services (for example decentralized finance), a new opportunity for blockchain games, decentralized marketplace for AI, and outsourced distributed works. Cartesi builds the future of automation and research. The Cartesi platform gives smart contracts a new ability. For smart contracts to deploy computations off-chain, they must specify computations inputs and reason over their outputs. This is done through cryptographic hashes.

Dapps using Cartesi are easier to build, scale, safer, and portable to other blockchains. Blockchains need the real world, with Cartesi, the blockchain can function with real-world computations.

Get connected with Cartesi

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