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Israeli New Shekel (ILS) to Cartesi (CTSI) Instantly
Purchase Cartesi (CTSI) with Israeli New Shekel (ILS) easily at Switchere and benefit from fast, secure transactions.
About
Cartesi (CTSI)
Cartesi (CTSI) is a Layer-2 infrastructure platform designed to resolve the critical issue of computational scalability and high costs on blockchain networks. Often referred to as "The Blockchain OS," its primary objective is to enable decentralized applications (dApps) with complexities that rival their centralized Web2 counterparts. Cartesi achieves this by allowing developers to build smart contracts and dApps within a full Linux operating system environment, utilizing mainstream programming languages and software stacks. This approach significantly lowers the barrier to entry for developers transitioning from Web2 to Web3, fostering a richer and more powerful dApp ecosystem built on robust blockchain technology.
The core of the platform is the Cartesi Machine (CM), a deterministic virtual machine that executes intensive computations off-chain. By leveraging Optimistic Rollups, Cartesi can process these complex calculations externally while anchoring the results with cryptographic security on the underlying Layer-1 blockchain, such as Ethereum. This hybrid model provides the immense computational power of off-chain processing with the verifiable trust of an on-chain digital ledger. The native utility token, CTSI, is integral to the network's tokenomics. It is used for staking within Cartesi's Noether Proof-of-Stake (PoS) sidechain, where node runners help secure the network and earn rewards. CTSI also functions as the payment method for computation and data availability services within the ecosystem.
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Frequently asked questions
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What is the primary method for buying Cartesi (CTSI) with the Israeli Shekel (ILS)?
The most common method to buy Cartesi (CTSI) with Israeli Shekel (ILS) is through a regulated cryptocurrency exchange that serves the Israeli market. These platforms act as a fiat on-ramp, requiring users to complete KYC/AML verification. Once approved, you can typically fund your account using an ILS bank transfer or a credit/debit card to purchase the CTSI digital asset directly from the order book. -
Why is a direct ILS to CTSI exchange pairing beneficial for accessing 'The Blockchain OS'?
A direct ILS to CTSI pairing provides a streamlined fiat gateway for developers and investors in Israel to access 'The Blockchain OS'. This allows for direct investment into Cartesi's ecosystem, which uniquely supports complex computations and dApps built with mainstream Linux infrastructure, without needing to first convert ILS into another cryptocurrency like BTC or ETH, potentially reducing transaction fees and slippage. -
What technical details should I know before transferring CTSI purchased with ILS to a private wallet?
CTSI is primarily an ERC-20 token on the Ethereum blockchain. When you transfer CTSI from an exchange to a private digital wallet (like MetaMask or a hardware wallet), you are executing a blockchain transaction on the Ethereum network. Be mindful of Ethereum's network gas fees, paid in ETH, and always double-check the recipient wallet address for accuracy to ensure the secure storage of your assets. -
Which payment options are typically available on exchanges in Israel for ILS to CTSI transactions?
For ILS to CTSI transactions on regulated exchanges catering to Israel, the most prevalent payment options include direct Israeli Shekel bank transfers and credit/debit card purchases. Bank transfers often have lower fees but may take longer, while card payments offer instant settlement at a slightly higher cost. Ensure the platform explicitly supports ILS deposits for a seamless digital asset purchase. -
Beyond trading, what is the core utility of the CTSI token acquired with ILS?
The CTSI token is integral to the Cartesi network, often called 'The Blockchain OS'. Its primary utility involves staking CTSI to participate in the network's Proof-of-Stake consensus mechanism, which secures the system and rewards stakers. The token is also used to pay for transaction fees for complex computations processed by Cartesi's optimistic rollups, empowering developers to build highly scalable smart contracts.
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