After a successful proof of concept, COTI, a leading Web3 privacy layer, has revealed its cross-chain privacy protocol. For businesses, decentralized apps (dApps), and builders across 70 supported chains, COTI is expected to provide privacy-on-demand. In order to support a variety of DeFi and web3 applications, the new functionality seeks to provide quick and scalable confidentiality for both EVM and non-EVM networks.
The announcement today represents a significant Web3 milestone. For the first time, developers won’t need to modify their underlying tech stack in order to utilize COTI’s cutting-edge privacy technologies straight from their native chains. With programmable privacy capabilities that let users toggle privacy on or off as required, COTI’s privacy layer—powered by Garbled Circuits and created in partnership with Soda Labs—is designed to satisfy enterprise-scale needs.
Shahaf Bar Geffen, COTI CEO, said:
“This breakthrough represents a pivotal moment for web3 privacy. COTI is the only privacy solution currently capable of meeting the performance needs of consumer applications and we’re excited that multiple chains and builder communities will now be able to harness COTI’s privacy features from their native chains.”
With the help of Axelar, the COTI team successfully completed its first cross-chain transaction earlier this month. The team will endeavor to completely integrate Axelar’s Amplifier technology to provide cross-chain privacy across all 71 of its linked networks following the successful proof of concept.
The absence of privacy on open, public chains has been one of the main obstacles to the broad adoption of blockchain technology. Since they must be able to strike a balance between privacy and transparency in order to comply with regulations, many companies are unable to completely integrate with decentralized technologies. The cross-chain privacy protocol developed by COTI seeks to directly solve these requirements.
