Web3 infrastructure firm COTI has launched a developer network for its upcoming privacy-focused Ethereum-based layer-2 network, COTI V2. The network introduces a new level of confidentiality and advanced garbled protocols to the blockchain. It will allow market participants to explore various web3 use cases, including confidential decentralized finance (DeFi), on-chain sensitive data management, and confidential transactions for payments, stablecoins, and real-world assets.
The COTI V2 devnet provides several tools for development teams, including a Python SDK, a NodeJS SDK, server access, extensive documentation, and an explorer for on-chain analytics. COTI claims developers can use the network to build one of the best techniques within multi-party computation for securing private information.
To encourage developers to build on the devnet, the COTI Foundation has launched a $52 million grant program. The foundation has allocated 400 million COTI, from the tokenâs existing supply, to incentivize groups to explore new use cases and the opportunities a privacy-centric web3 ecosystem can provide. The program invites applications from innovative builders, developers, and researchers interested in testing the limits of the COTI ecosystemâs capacity.
