$COTI
• Node classification: In the COTI network, nodes are divided into full nodes and light nodes. Full nodes are responsible for maintaining the security and stability of the network and processing transactions and block verification, while light nodes are responsible for executing transactions. The two types of nodes work together to ensure the normal operation of the COTI network.
• Core technology: COTI's core technology is its unique Trust Chain Protocol, which uses a cluster-based consensus mechanism. By dividing the nodes in the network into different clusters, each cluster can reach a consensus faster, thereby increasing the transaction speed of the entire network.
• Payment solution: The main application scenario of COTI coins is to provide a faster, safer and more efficient payment solution. By using blockchain technology, COTI coins can achieve fast confirmation and low transaction fees. At the same time, through its decentralized network, it can improve the security and reliability of the payment system.
• Decentralized characteristics: The decentralized nature of COTI coins means that no central agency or third party can control or interfere with transactions, which makes COTI coin transactions more secure and transparent, while also reducing transaction costs.
• Proof of Trust Consensus Algorithm: COTI does not rely on Proof of Work (PoW) or Proof of Stake (PoS) to validate transactions, but instead uses a unique consensus algorithm called Proof of Trust (PoT), which combines a directed acyclic graph (DAG) data structure with Proof of Work (PoW) to reduce transaction costs and increase throughput to 100,000 TPS.
• COTI Token Usage: COTI tokens are the native tokens of the COTI ecosystem and are used to pay transaction fees and can also be staked in the treasury to generate rewards. COTI token holders can use the COTI bridge to interoperate between different networks (mainnet).
• COTI Pay Business: Through the COTI Pay Business product, merchants can use the new COTI native asset to receive payments from retail merchants. COTI's Trustchain and MultiDAG use a secure and stable innovative infrastructure to support merchants and enterprises of all sizes to leverage COTI technology at a limited cost.