Crypto trader and influencer Ben Armstrong is highlighting a low-cap altcoin that he says has the potential to challenge Amazon Web Services (AWS).
In a new video, Armstrong tells his 606,000 subscribers that he’s keeping a close watch on scalability solution Cartesi (CTSI) and its Ethereum-based computational oracle Descartes.
“Think of Descartes as an oracle for heavy computations. It makes intensive computations verifiable on the blockchain. Why does this matter? Well, today several projects compromise their level of decentralization because computations on blockchains are too limited. They end up using centralized setups to do the heavy lifting, for companies such as Amazon AWS for service infrastructure. So what does Cartesi’s computational oracle do differently? It erodes the element of trust on companies or specific hardware setups.”
Armstrong and his research team believe that Cartesi’s oracle is a missing puzzle piece that every blockchain can utilize. According to the prominent crypto influencer, the technology is necessary to create marketplaces for artificial intelligence, calculating risk for decentralized insurance and options, or even verifying winners in e-sports.
Armstrong says he expects Cartesi to have a big future as blockchains and applications embrace its use case.
“Mark my words, Cartesi will be a monster the rest of this year and utilized by dozens upon dozens of applications and be a key player in the smart contract blockchain ecosystem for a long time to come. This one is just getting started.”
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.