The World’s Fastest VM Meets The World’s Prevailing OS: Massive Off-Chain Computation Via Cartesi Smart Contracts For The Elrond Mainnet
Blockchain adoption happens through applications built to integrate the technology in a compelling way. The vast ecosystem emerging through experimentation with specific blockchain programming languages and their custom tools shows the immense potential for global adoption.
By commoditizing access to the new solution space emerging around decentralized technology, the remaining 99% of developers will be unhindered to build creative solutions that will lay blockchain technology as the foundation for the coming wave of the digital revolution.
This is why we are excited to announce that developers everywhere will be able to leverage the familiar tools from Linux, the world’s prevailing OS, to unleash massive off-chain computational capabilities for Elrond smart contracts at an internet-scale.
“Our WASM VM is perhaps the fastest in the space and provides throughput for smart contracts at an internet-scale. By adding massive off-chain execution power via Cartesi & Linux tools, decentralization will be able to pierce through its current computational barriers and unlock blockchain’s potential at a truly global level.” said Beniamin Mincu, Elrond CEO.
Cartesi is an off-chain decentralized computation platform. It allows decentralized applications to be run on Linux in a way that's verifiable by the blockchain. Complex processing can be executed off-chain to greatly expand blockchain’s inherent capabilities.
By offering a Linux runtime environment, Cartesi is a software-based verifiable off-chain compute system that gives developers a vast array of software that evolved in the last 30 years and that enable the applications we use on the Internet today.
“Matching the Cartesi power with the Elrond speed has the potential to once and for all shift the decentralization paradigm away from any perceptions about its performance limitations and unleash a new wave of enterprise adoption.” said Erick de Moura, Cartesi CEO.
The collaboration will initially focus on adapting the Cartesi on-chain components to include Rust compatibility for our WASM VM. The deployment to the Elrond public devnet will follow shortly after, to showcase the joint capabilities of the two platforms and open a new array of possibilities for developers looking to build the next generation of DeFi products, business tools, or games.
The integration is important for the Elrond Network because it adds a complementary layer of computational power to the high transactional throughput capabilities of our mainnet and expands Elrond use cases further into performance demanding enterprise use-cases.
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
Cartesi is taking smart contracts to the next level. It is solving the urgent problem of scalability and high fees by implementing a variant of optimistic roll-ups. Most notably, Cartesi is revolutionizing smart contract programming by allowing developers to code with mainstream software stacks. Noether is Cartesi's side-chain that's optimized for ephemeral data, providing low-cost data availability to DApps.