COTI: A New Era of Digital Payments
$COTI is a digital payment platform designed to offer fast, secure and scalable solutions. Using a DAG (Directed Acyclic Graph) architecture, COTI aims to overcome the limitations of traditional blockchains.
Operation of $COTI
The COTI network is based on the Proof-of-Trust (PoT) mechanism, combining elements of Proof-of-Work and reputation systems to validate transactions. This allows for better scalability and lower transaction fees compared to traditional payment systems. COTI's MultiDAG technology also makes it possible to manage several types of transactions simultaneously, whether payments in cryptocurrencies, stablecoins, or fiat currencies.
Uses and Benefits
The COTI native token is used to pay transaction fees, staking and as a means of payment on the network. Holders can also use the COTI Bridge to interact between different blockchains like Ethereum and Binance Smart Chain.
A unique aspect of COTI is its stablecoin creation service, used for example to issue the Djed stablecoin on the Cardano blockchain. This feature allows businesses to create their own digital currencies.
Recent Developments
In 2024, COTI introduced garbled circuit technology, significantly improving the confidentiality of transactions on its network. This development, coupled with the evolution towards Layer 2 infrastructure on Ethereum, positions COTI as an increasingly attractive payment solution.
Conclusion
With its innovative technologies and practical applications, COTI stands out in the cryptocurrency landscape. By providing a robust and scalable infrastructure for digital payments, $COTI promises to significantly transform the way financial transactions are carried out.
