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ADA or XRP?
I ask chatGPT $ADA or $XRP which crypto is a better buy for 2025
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XRP (Ripple)
Strengths:
1. Use Case: Focuses on cross-border payments and partnerships with banks and financial institutions. Its primary goal is to replace the slow, expensive SWIFT system.
2. Adoption: Ripple's partnerships include major financial entities worldwide, giving it real-world utility.
3. Legal Clarity: The SEC lawsuit against Ripple regarding whether XRP is a security or not is nearing resolution. Positive outcome
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XRP (Ripple)
Strengths:
1. Use Case: Focuses on cross-border payments and partnerships with banks and financial institutions. Its primary goal is to replace the slow, expensive SWIFT system.
2. Adoption: Ripple's partnerships include major financial entities worldwide, giving it real-world utility.
3. Legal Clarity: The SEC lawsuit against Ripple regarding whether XRP is a security or not is nearing resolution. Positive outcome
Bitcoin will be halved for the fourth time on April 20. What do you think?
The third halving, the largest drop in the previous month was 35.4% (April 2020, 9440>>6202)
The second halving, the largest drop in the previous month was 32.5% (June 2016, 777>>525)
The first halving, the largest drop in the previous month was 29.1% (October 2012, 124>>88)
$COTI $BTC
The third halving, the largest drop in the previous month was 35.4% (April 2020, 9440>>6202)
The second halving, the largest drop in the previous month was 32.5% (June 2016, 777>>525)
The first halving, the largest drop in the previous month was 29.1% (October 2012, 124>>88)
$COTI $BTC
😍😍😍
LIVE
COTI_Official
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The COTI V2 Airdrop Campaign!
The moment has arrived! We’re thrilled to announce the COTI V2 Airdrop Campaign!
Starting on March 25th, 2024, this incredible community rewards initiative will distribute up to 40M COTI V2 tokens (currently worth ~$8M) amongst Native and ERC-20 $COTI holders! This is in addition to the APY rewards already being earned in the COTI Treasury.
TL:DR
When: The COTI V2 Airdrop Campaign will start on March 25th, 2024. You can join any time! Distribution of COTI V2 tokens will commence shortly after the COTI V2 TGE (Token Generation Event), planned for Q4 this year.
What: All Treasury participants are automatically eligible to receive part of 40M $COTI V2 tokens, on top of their regular APY rewards. It’s our biggest giveaway yet!
Who: Open to $COTI holders, both Native and ERC-20. Plus, our loyal users who’ve made deposits prior to Feb 28th, 2024 get a special bonus, adding extra days to their reward calculations — as a token of our appreciation for their early support.
How: Simply by having a deposit in the Treasury, whether it’s been there a while or it’s brand new.
COTI V2
In the biggest upgrade of our infrastructure to date, we are building the fastest and lightest confidentiality layer on Ethereum. Powered by a breakthrough cryptographic protocol based on Garbled Circuits and secured by Ethereum, we introduce the most advanced and compliant solution for data protection on the public blockchain. Paving the way for the next wave of Web3 innovation and adoption, COTI unlocks a whole new world of use cases, including confidential transactions, Artificial Intelligence, DeFi, decentralized identification, and more.
The $COTI token has an essential role for transaction fuel, network security, and access to privacy features.
The COTI Treasury
In 2022, we launched the COTI Treasury, a way for anyone to deposit $COTI and earn APY rewards in $COTI, and recently also in $gCOTI. At the moment, over 500M $COTI has already been deposited into the Treasury. By choosing the amount of $COTI to deposit, a multiplier, a lock period, and APY boost, users can customize their potential APY. Read more here.
We’re happy to offer new locking options based on your request: longer lock periods of 180, 270, and 360 days for even bigger rewards, starting from March 25th.
This campaign also marks the very first time that $COTI ERC-20 token holders, without VIPER wallets, can participate in the Treasury without KYC, and receive APY rewards in $COTI for their Treasury deposits!
The COTI V2 Airdrop Campaign!
Starting March 25th, all Treasury users will be automatically eligible to receive a share of 40M $COTI V2 tokens, on top of their deposits’ APY rewards.
Airdrop rewards will be determined by a combination of your current APY and deposit conditions such as your multiplier and locking period plus your time and activity in the Treasury.
If you don’t have a deposit yet, just go to https://treasury.coti.io/, log in with your VIPER or Metamask Wallet, and make your deposit with your preferred locking time and multiplier (MetaMask deposits will be available starting March 25th).
If you already have an active deposit, no extra steps are needed to join in but you can choose whether or not to take additional actions, such as extending your locking period.
As a token of appreciation for our loyal users, any deposits made prior to Feb 28th, 2024 will also be eligible for a “head-start” bonus. This bonus adds additional days of eligibility to the rewards calculation for Treasury deposits. This bonus also extends to those who participated in previous Treasury programs like the gCOTI lock-drop campaign.
The COTI V2 tokens distribution kicks off post-COTI V2 TGE (Token Generation Event), aiming for Q4 this year, and will stretch over 12 months. This will align with our COTI V2 migration and token swap, with more details to come.
Dive into the full campaign details and reward formula on this blog: https://medium.com/@cotinetwork/coti-v2-airdrop-campaign-details-cdb1cdeacca3.
This campaign is a key chapter in COTI’s journey, distributing a significant amount of the newly issued COTI V2 tokens as a thank-you to our community. It’s all about making sure our transition is smooth and keeping $COTI at the heart of our growing ecosystem. We’re thrilled for what’s ahead and grateful for the ongoing support from both new and long-standing community members as we explore new Web3 horizons
Stay COTI!
For all of our updates and to join the conversation, be sure to check out our channels:
Website: https://coti.io/
X: https://twitter.com/COTInetwork
YouTube: https://www.youtube.com/channel/UCl-2YzhaPnouvBtotKuM4DA
Telegram: https://t.me/COTInetwork
Discord: https://discord.gg/9tq6CP6XrT
GitHub: https://github.com/coti-io
The COTI V2 Airdrop Campaign! was originally published in COTI on Medium, where people are continuing the conversation by highlighting and responding to this story.
Starting on March 25th, 2024, this incredible community rewards initiative will distribute up to 40M COTI V2 tokens (currently worth ~$8M) amongst Native and ERC-20 $COTI holders! This is in addition to the APY rewards already being earned in the COTI Treasury.
TL:DR
When: The COTI V2 Airdrop Campaign will start on March 25th, 2024. You can join any time! Distribution of COTI V2 tokens will commence shortly after the COTI V2 TGE (Token Generation Event), planned for Q4 this year.
What: All Treasury participants are automatically eligible to receive part of 40M $COTI V2 tokens, on top of their regular APY rewards. It’s our biggest giveaway yet!
Who: Open to $COTI holders, both Native and ERC-20. Plus, our loyal users who’ve made deposits prior to Feb 28th, 2024 get a special bonus, adding extra days to their reward calculations — as a token of our appreciation for their early support.
How: Simply by having a deposit in the Treasury, whether it’s been there a while or it’s brand new.
COTI V2
In the biggest upgrade of our infrastructure to date, we are building the fastest and lightest confidentiality layer on Ethereum. Powered by a breakthrough cryptographic protocol based on Garbled Circuits and secured by Ethereum, we introduce the most advanced and compliant solution for data protection on the public blockchain. Paving the way for the next wave of Web3 innovation and adoption, COTI unlocks a whole new world of use cases, including confidential transactions, Artificial Intelligence, DeFi, decentralized identification, and more.
The $COTI token has an essential role for transaction fuel, network security, and access to privacy features.
The COTI Treasury
In 2022, we launched the COTI Treasury, a way for anyone to deposit $COTI and earn APY rewards in $COTI, and recently also in $gCOTI. At the moment, over 500M $COTI has already been deposited into the Treasury. By choosing the amount of $COTI to deposit, a multiplier, a lock period, and APY boost, users can customize their potential APY. Read more here.
We’re happy to offer new locking options based on your request: longer lock periods of 180, 270, and 360 days for even bigger rewards, starting from March 25th.
This campaign also marks the very first time that $COTI ERC-20 token holders, without VIPER wallets, can participate in the Treasury without KYC, and receive APY rewards in $COTI for their Treasury deposits!
The COTI V2 Airdrop Campaign!
Starting March 25th, all Treasury users will be automatically eligible to receive a share of 40M $COTI V2 tokens, on top of their deposits’ APY rewards.
Airdrop rewards will be determined by a combination of your current APY and deposit conditions such as your multiplier and locking period plus your time and activity in the Treasury.
If you don’t have a deposit yet, just go to https://treasury.coti.io/, log in with your VIPER or Metamask Wallet, and make your deposit with your preferred locking time and multiplier (MetaMask deposits will be available starting March 25th).
If you already have an active deposit, no extra steps are needed to join in but you can choose whether or not to take additional actions, such as extending your locking period.
As a token of appreciation for our loyal users, any deposits made prior to Feb 28th, 2024 will also be eligible for a “head-start” bonus. This bonus adds additional days of eligibility to the rewards calculation for Treasury deposits. This bonus also extends to those who participated in previous Treasury programs like the gCOTI lock-drop campaign.
The COTI V2 tokens distribution kicks off post-COTI V2 TGE (Token Generation Event), aiming for Q4 this year, and will stretch over 12 months. This will align with our COTI V2 migration and token swap, with more details to come.
Dive into the full campaign details and reward formula on this blog: https://medium.com/@cotinetwork/coti-v2-airdrop-campaign-details-cdb1cdeacca3.
This campaign is a key chapter in COTI’s journey, distributing a significant amount of the newly issued COTI V2 tokens as a thank-you to our community. It’s all about making sure our transition is smooth and keeping $COTI at the heart of our growing ecosystem. We’re thrilled for what’s ahead and grateful for the ongoing support from both new and long-standing community members as we explore new Web3 horizons
Stay COTI!
For all of our updates and to join the conversation, be sure to check out our channels:
Website: https://coti.io/
X: https://twitter.com/COTInetwork
YouTube: https://www.youtube.com/channel/UCl-2YzhaPnouvBtotKuM4DA
Telegram: https://t.me/COTInetwork
Discord: https://discord.gg/9tq6CP6XrT
GitHub: https://github.com/coti-io
The COTI V2 Airdrop Campaign! was originally published in COTI on Medium, where people are continuing the conversation by highlighting and responding to this story.
How $COTI V2 Benefits From the Ethereum Dencun Upgrade
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COTI_Official
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How COTI V2 Benefits From the Ethereum Dencun Upgrade
Written by Dr. Avishay Yanai, Soda Labs CEO
COTI V2, as a Layer 2 solution built atop the Ethereum network, intricately intertwined its development with the evolution of the underlying Ethereum blockchain. This ensures that COTI V2 consistently aligns itself with the latest upgrades and advancements within the Ethereum ecosystem, a commitment vital for maintaining optimal performance, security, and scalability. As Ethereum charts its course toward scalability and efficiency enhancements, the imminent major upgrade on the horizon is the Dencun upgrade. Within this dynamic landscape, COTI V2 positions itself as a forward-thinking and adaptive L2 protocol, strategically poised to harness the benefits of the forthcoming Dencun upgrade and contribute to the ongoing transformation of the Ethereum network.
The Dencun upgrade will greatly benefit COTI V2 in a number of ways. With an increase in transactional data per block, the Dencun update provides a significant boost to transactional latency while also significantly reducing transaction fees at the same time.
Sharding and Proto-Danksharding
Sharding fundamentally decomposes the Ethereum network into smaller, more manageable segments known as “shards.” Each shard functions autonomously, equipped with its own validators and state, enabling transactions and data to be processed in parallel. Imagine it like a team tackling different segments of a project at the same time — both efficient and effective.
Proto-danksharding, named after the researchers Protolambda and Dankrad Feist, is a preliminary step towards achieving complete sharding (also known as Danksharding), and plays a crucial role in EIP-4844. It encompasses the establishment of essential components such as transaction formats and validation rules, albeit without the actual implementation of sharding. During this phase, both validators and users continue to validate the entire scope of data availability directly.
With Sharding and Proto-danksharding, COTI V2 will be able to deploy improved smart contracts that enable faster execution, lower fees, and more flexibility for both users and developers alike.
Blob Carrying Transactions
EIP-4844 is a proposal to improve the Ethereum blockchain’s scalability and efficiency; it introduces a new type of transaction that allows for the inclusion of large amounts of data in a block without significantly increasing the size of the blockchain. The main goal of EIP-4844 is to increase the network’s capacity to handle more transactions per second, thus improving scalability and reducing transaction fees by introducing a new transaction type called “blob-carrying transactions”.
A blob is a large piece of data that is part of a transaction. Blobs are intended to temporarily store data off-chain to reduce the amount of data that needs to be permanently stored on the blockchain. Blob-carrying Transactions are special transactions that include blobs. They allow for the inclusion of additional data (such as rollup batched transactions or large datasets) without bloating the blockchain.
By allowing transactions to carry blobs, EIP-4844 enables the network to include more data in each transaction. This is crucial for layer 2 scaling solutions like rollups, which can batch many transactions into one and publish them to the blockchain as a single large transaction. So far, L2’s like starkware and arbitrum, used the call-data to pass transactions’ data to the blockchain. While call-data’s original purpose is to pass arguments and parameters to functions and so is permanently stored in the blockchain, the data in blobs is intended to be stored off-chain temporarily, and only permanently store a short cryptographic commitment to that data (a KZG commitment in this case). This means it doesn’t permanently take up space on the blockchain, which helps maintain efficiency and reduces the cost of storage. Even though the blob data is stored off-chain, EIP-4844 ensures that this data is available for a certain period. This is necessary to ensure that the network can validate and process transactions that include blobs.
Since permanently storing data on the blockchain is expensive, e.g., currently, 95% of the transaction fees on Starknet are due to the transaction costs on Ethereum Mainnet (the rest 5% is compute) [reference]. The EIP-4844’s mechanism enables L2s to significantly reduce that cost and in turn, the transaction fees as the blob data is very large (~128KB) and much cheaper than call data. The EVM cannot access and execute this data, and can only see the commitment to this data. Additionally, this data is saved for only one month instead of being stored permanently.
Blob-carrying transactions are set to decrease gas fees on Ethereum L2s by up to 75%, keeping the cost of transactions on COTI V2 extremely low.
EIP-4844 and COTIV2
Existing L2 solutions must adjust their architecture to comply with the new, cost-effective standard. COTI V2’s Layer 2 is designed from the outset to embrace this new standard. This strategic integration aims to significantly reduce transaction fees for both COTI V2’s dApps and users, positioning the protocol at the forefront of scalability and efficiency within the evolving Ethereum ecosystem.
COTI V2’s design not only ensures smooth integration with upcoming Ethereum upgrades but also positions the protocol to actively contribute to the ongoing transformation of the Ethereum network, paving the way for groundbreaking advancements and innovations.
Stay COTI!
For all of our updates and to join the conversation, be sure to check out our channels:
Website: https://coti.io/
X: https://twitter.com/COTInetwork
YouTube: https://www.youtube.com/channel/UCl-2YzhaPnouvBtotKuM4DA
Telegram: https://t.me/COTInetwork
Discord: https://discord.gg/9tq6CP6XrT
GitHub: https://github.com/coti-io
How COTI V2 Benefits from the Ethereum Dencun Upgrade was originally published in COTI on Medium, where people are continuing the conversation by highlighting and responding to this story.
COTI V2, as a Layer 2 solution built atop the Ethereum network, intricately intertwined its development with the evolution of the underlying Ethereum blockchain. This ensures that COTI V2 consistently aligns itself with the latest upgrades and advancements within the Ethereum ecosystem, a commitment vital for maintaining optimal performance, security, and scalability. As Ethereum charts its course toward scalability and efficiency enhancements, the imminent major upgrade on the horizon is the Dencun upgrade. Within this dynamic landscape, COTI V2 positions itself as a forward-thinking and adaptive L2 protocol, strategically poised to harness the benefits of the forthcoming Dencun upgrade and contribute to the ongoing transformation of the Ethereum network.
The Dencun upgrade will greatly benefit COTI V2 in a number of ways. With an increase in transactional data per block, the Dencun update provides a significant boost to transactional latency while also significantly reducing transaction fees at the same time.
Sharding and Proto-Danksharding
Sharding fundamentally decomposes the Ethereum network into smaller, more manageable segments known as “shards.” Each shard functions autonomously, equipped with its own validators and state, enabling transactions and data to be processed in parallel. Imagine it like a team tackling different segments of a project at the same time — both efficient and effective.
Proto-danksharding, named after the researchers Protolambda and Dankrad Feist, is a preliminary step towards achieving complete sharding (also known as Danksharding), and plays a crucial role in EIP-4844. It encompasses the establishment of essential components such as transaction formats and validation rules, albeit without the actual implementation of sharding. During this phase, both validators and users continue to validate the entire scope of data availability directly.
With Sharding and Proto-danksharding, COTI V2 will be able to deploy improved smart contracts that enable faster execution, lower fees, and more flexibility for both users and developers alike.
Blob Carrying Transactions
EIP-4844 is a proposal to improve the Ethereum blockchain’s scalability and efficiency; it introduces a new type of transaction that allows for the inclusion of large amounts of data in a block without significantly increasing the size of the blockchain. The main goal of EIP-4844 is to increase the network’s capacity to handle more transactions per second, thus improving scalability and reducing transaction fees by introducing a new transaction type called “blob-carrying transactions”.
A blob is a large piece of data that is part of a transaction. Blobs are intended to temporarily store data off-chain to reduce the amount of data that needs to be permanently stored on the blockchain. Blob-carrying Transactions are special transactions that include blobs. They allow for the inclusion of additional data (such as rollup batched transactions or large datasets) without bloating the blockchain.
By allowing transactions to carry blobs, EIP-4844 enables the network to include more data in each transaction. This is crucial for layer 2 scaling solutions like rollups, which can batch many transactions into one and publish them to the blockchain as a single large transaction. So far, L2’s like starkware and arbitrum, used the call-data to pass transactions’ data to the blockchain. While call-data’s original purpose is to pass arguments and parameters to functions and so is permanently stored in the blockchain, the data in blobs is intended to be stored off-chain temporarily, and only permanently store a short cryptographic commitment to that data (a KZG commitment in this case). This means it doesn’t permanently take up space on the blockchain, which helps maintain efficiency and reduces the cost of storage. Even though the blob data is stored off-chain, EIP-4844 ensures that this data is available for a certain period. This is necessary to ensure that the network can validate and process transactions that include blobs.
Since permanently storing data on the blockchain is expensive, e.g., currently, 95% of the transaction fees on Starknet are due to the transaction costs on Ethereum Mainnet (the rest 5% is compute) [reference]. The EIP-4844’s mechanism enables L2s to significantly reduce that cost and in turn, the transaction fees as the blob data is very large (~128KB) and much cheaper than call data. The EVM cannot access and execute this data, and can only see the commitment to this data. Additionally, this data is saved for only one month instead of being stored permanently.
Blob-carrying transactions are set to decrease gas fees on Ethereum L2s by up to 75%, keeping the cost of transactions on COTI V2 extremely low.
EIP-4844 and COTIV2
Existing L2 solutions must adjust their architecture to comply with the new, cost-effective standard. COTI V2’s Layer 2 is designed from the outset to embrace this new standard. This strategic integration aims to significantly reduce transaction fees for both COTI V2’s dApps and users, positioning the protocol at the forefront of scalability and efficiency within the evolving Ethereum ecosystem.
COTI V2’s design not only ensures smooth integration with upcoming Ethereum upgrades but also positions the protocol to actively contribute to the ongoing transformation of the Ethereum network, paving the way for groundbreaking advancements and innovations.
Stay COTI!
For all of our updates and to join the conversation, be sure to check out our channels:
Website: https://coti.io/
X: https://twitter.com/COTInetwork
YouTube: https://www.youtube.com/channel/UCl-2YzhaPnouvBtotKuM4DA
Telegram: https://t.me/COTInetwork
Discord: https://discord.gg/9tq6CP6XrT
GitHub: https://github.com/coti-io
How COTI V2 Benefits from the Ethereum Dencun Upgrade was originally published in COTI on Medium, where people are continuing the conversation by highlighting and responding to this story.
Ethereum Dencun Update...😆
$COTI $ETH
$COTI $ETH
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COTI_Official
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Existing L2 solutions must adjust to comply with new standards, while #COTIV2's L2 is already designed to embrace the #DencunUpgrade, benefiting from an increase in transactional data per block and a reduction in TX fees.
Read more 👉 https://t.co/RQsDaPMYGd
$COTI @ethereum
Read more 👉 https://t.co/RQsDaPMYGd
$COTI @ethereum
$COTI to the moon 🚀
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CryptoNewsLand
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COTI Unveils Latest Achievements As Crypto Bull Cycle Ramps Up
COTI introduces groundbreaking blockchain encryption and showcases COTI V2 advancements.
Djed stablecoin hits 800% protocol ratio, pausing SHEN minting temporarily.
Strong participation in airdrop poll reflects robust community support.
COTI, the innovative blockchain platform, has been bustling with activity, and the team is thrilled to present a comprehensive recap of their recent ventures in the latest COTI Roundup Blog.
From engaging X Spaces sessions to showcasing key use cases of COTI V2 and Djed’s protocol ratio hitting an impressive 800%, the blog provides an insightful overview of the platform’s recent strides.
A lot has been happening here at COTI, and we're excited to share a recap of our recent activities. We’ve gathered all of them in this COTI Roundup Blog for you to stay updated on everything that’s happened.https://t.co/WolDtzk9rf$COTI $gCOTI $DJED $SHEN #COTIV2 pic.twitter.com/f9BrVc4IyU
— COTI Foundation (@COTInetwork) March 7, 2024
A groundbreaking achievement in blockchain encryption is unveiled via COTI V2 for the first time. Dr. Avishay Yanai, CEO of Soda Labs, demonstrates private transactions on COTI V2 in an insightful demo.
The platform announces an upcoming Devnet and outlines key use cases for the growth fund, valued at almost $80 million. Use cases include confidential DeFi, secure payment transactions, stablecoins, confidential machine learning (GCML), and on-chain sensitive data management.
Ahead of the COTI V2 airdrop campaign, a poll reveals strong community participation, with 35% planning to lock deposits for 365 days or more. From February 21 onwards, Treasury participants receive gCOTI rewards in addition to standard COTI rewards, enhancing user incentives.
Djed, the overcollateralized stablecoin on Cardano, sees its protocol ratio surpass 800%, temporarily halting SHEN minting until it returns to the range of 400–800%. Shahaf Bar-Geffen and Dr. Avishai Yanai engaged in a captivating conversation on X Spaces, attracting nearly 8,000 listeners.
The discussion delves into garbled circuits and their diverse applications, such as DID, confidential transactions, and confidential machine learning. COTI gains attention across various platforms, with mentions and highlights circulating in online discussions.
Stay abreast of COTI’s dynamic journey by following their preferred channels for the latest updates and breaking news. The platform’s commitment to innovation and sustainability continues to shape the future of blockchain technology.
Read Also
What Factors Will Drive COTI’s Price to Surge Over $0.83 in 2024?
Cardano Djed Developer Announces Stablecoin Launch Date
Cardano’s DJED Stablecoin Surges, Raising Questions on Network Growth
Chainlink Whales Ramp Up Holdings: $216M Accumulated!
PayPal Rolls Out Crypto On and Off Ramps Through MetaMask Integration
The post COTI Unveils Latest Achievements As Crypto Bull Cycle Ramps Up appeared first on Crypto News Land.
Djed stablecoin hits 800% protocol ratio, pausing SHEN minting temporarily.
Strong participation in airdrop poll reflects robust community support.
COTI, the innovative blockchain platform, has been bustling with activity, and the team is thrilled to present a comprehensive recap of their recent ventures in the latest COTI Roundup Blog.
From engaging X Spaces sessions to showcasing key use cases of COTI V2 and Djed’s protocol ratio hitting an impressive 800%, the blog provides an insightful overview of the platform’s recent strides.
A lot has been happening here at COTI, and we're excited to share a recap of our recent activities. We’ve gathered all of them in this COTI Roundup Blog for you to stay updated on everything that’s happened.https://t.co/WolDtzk9rf$COTI $gCOTI $DJED $SHEN #COTIV2 pic.twitter.com/f9BrVc4IyU
— COTI Foundation (@COTInetwork) March 7, 2024
A groundbreaking achievement in blockchain encryption is unveiled via COTI V2 for the first time. Dr. Avishay Yanai, CEO of Soda Labs, demonstrates private transactions on COTI V2 in an insightful demo.
The platform announces an upcoming Devnet and outlines key use cases for the growth fund, valued at almost $80 million. Use cases include confidential DeFi, secure payment transactions, stablecoins, confidential machine learning (GCML), and on-chain sensitive data management.
Ahead of the COTI V2 airdrop campaign, a poll reveals strong community participation, with 35% planning to lock deposits for 365 days or more. From February 21 onwards, Treasury participants receive gCOTI rewards in addition to standard COTI rewards, enhancing user incentives.
Djed, the overcollateralized stablecoin on Cardano, sees its protocol ratio surpass 800%, temporarily halting SHEN minting until it returns to the range of 400–800%. Shahaf Bar-Geffen and Dr. Avishai Yanai engaged in a captivating conversation on X Spaces, attracting nearly 8,000 listeners.
The discussion delves into garbled circuits and their diverse applications, such as DID, confidential transactions, and confidential machine learning. COTI gains attention across various platforms, with mentions and highlights circulating in online discussions.
Stay abreast of COTI’s dynamic journey by following their preferred channels for the latest updates and breaking news. The platform’s commitment to innovation and sustainability continues to shape the future of blockchain technology.
Read Also
What Factors Will Drive COTI’s Price to Surge Over $0.83 in 2024?
Cardano Djed Developer Announces Stablecoin Launch Date
Cardano’s DJED Stablecoin Surges, Raising Questions on Network Growth
Chainlink Whales Ramp Up Holdings: $216M Accumulated!
PayPal Rolls Out Crypto On and Off Ramps Through MetaMask Integration
The post COTI Unveils Latest Achievements As Crypto Bull Cycle Ramps Up appeared first on Crypto News Land.
COTI to the moon 🚀
LIVE
COTI_Official
--
COTI Roundup
From X Spaces to showcasing COTI V2 key use cases, and Djed’s ratio exceeding 800%, a lot has been happening here at COTI, and we’re excited to share a recap of our recent activities. You can stay informed about our latest developments by following your preferred channels, where we provide all the latest news and updates.
Let’s dive in.
COTI V2
We recently shared that we’ve achieved a breakthrough in blockchain encryption to be used on the blockchain for the very first time. This is the first of many proof of concepts in our endeavor to put Garbling Circuits on the blockchain. If you haven’t watched it yet, check out this demo performed by Dr. Avishay Yanai, CEO of Soda Labs, where he successfully demonstrates how private transactions will work on COTI V2:
<a href="https://medium.com/media/9d588bffd3c2a1e8635299b7f330f3bb/href">https://medium.com/media/9d588bffd3c2a1e8635299b7f330f3bb/href</a>
We also recently announced our upcoming Devnet and key target use cases for the growth fund, currently valued at almost $80 million. These use cases include confidential DeFi, confidential transactions for payments, stablecoins and RWA, confidential machine learning (introducing GCML) and on-chain sensitive data management and dynamic decentralized identification (DID).
COTI’s Airdrop Campaign Poll Results
In anticipation of the upcoming COTI V2 airdrop campaign, we’ve conducted a poll in which we asked you to share the duration for which you would lock your deposit. We were amazed by our strong community, with 35% of you indicating that you plan to lock your deposit for 365 days or more. Check out Shahaf Bar-Geffen’s thread to see the full results: https://twitter.com/shahafbg/status/1765737410027999285
gCOTI as Treasury Rewards
As of February 21, Treasury participants started receiving gCOTI rewards in addition to the standard $COTI rewards. Unlike $COTI rewards that are actively required to be claimed, accumulated gCOTI rewards are distributed directly to users’ wallets on a weekly basis.
Djed
For all our new community members unfamiliar with it, DJED is an overcollateralized stablecoin on Cardano that uses ADA as collateral to ensure stability. The protocol is backed by 400–800% overcollateralization, provided by its reserve coin, SHEN. In the past few days, Djed’s protocol ratio has exceeded over 800%, making it impossible to mint more SHEN until the ratio returns to 400–800%. SHEN holders enjoy a variety of rewards including a share of both mint and burn fees, delegation rewards, as well as DEXs APRs. SHEN delegation rewards were distributed up to epoch 467, with over 485K ADA distributed to SHEN holders thus far.
COTI in the Spotlight
Last Monday, Shahaf Bar-Geffen and Dr. Avishai Yanai engaged in an interesting conversation on X Spaces, attracting almost 8K listeners until today! They discussed how garbled circuits work and shared some interesting overview on garbled circuits’s use cases such as DID, confidential transactions, and confidential machine learning. If you haven’t listened yet, tune in here- https://x.com/i/spaces/1mrGmyWazkgGy
We’ve been also seeing mentions of COTI all around the web, and here are some of the highlights:
https://twitter.com/Crypto_Dep/status/1755575905219469640/photo/1
https://twitter.com/lunarcrush/status/1755720181677183373?s=52
COTI Unveils New Blockchain Encryption Paradigm With Garbled Circuits - The Defiant
COTI Announces Upcoming ETH L2 Developer Network and Key Target Use Cases For its $100M Worth Growth Fund - Decrypt
COTI’s Community is growing!
We’ve been seeing a lot of new community members joining the ecosystem, with thousands of new followers and members entering our channels. This is a great opportunity to welcome all of you. Glad you’ve joined our journey, thanks for supporting us!
Stay tuned for more updates.
Stay COTI!
For all of our updates and to join the conversation, be sure to check out our channels:
Website: https://coti.io/
X: https://twitter.com/COTInetwork
YouTube: https://www.youtube.com/channel/UCl-2YzhaPnouvBtotKuM4DA
Telegram: https://t.me/COTInetwork
Discord: https://discord.gg/9tq6CP6XrT
GitHub: https://github.com/coti-io
COTI Roundup was originally published in COTI on Medium, where people are continuing the conversation by highlighting and responding to this story.
Let’s dive in.
COTI V2
We recently shared that we’ve achieved a breakthrough in blockchain encryption to be used on the blockchain for the very first time. This is the first of many proof of concepts in our endeavor to put Garbling Circuits on the blockchain. If you haven’t watched it yet, check out this demo performed by Dr. Avishay Yanai, CEO of Soda Labs, where he successfully demonstrates how private transactions will work on COTI V2:
<a href="https://medium.com/media/9d588bffd3c2a1e8635299b7f330f3bb/href">https://medium.com/media/9d588bffd3c2a1e8635299b7f330f3bb/href</a>
We also recently announced our upcoming Devnet and key target use cases for the growth fund, currently valued at almost $80 million. These use cases include confidential DeFi, confidential transactions for payments, stablecoins and RWA, confidential machine learning (introducing GCML) and on-chain sensitive data management and dynamic decentralized identification (DID).
COTI’s Airdrop Campaign Poll Results
In anticipation of the upcoming COTI V2 airdrop campaign, we’ve conducted a poll in which we asked you to share the duration for which you would lock your deposit. We were amazed by our strong community, with 35% of you indicating that you plan to lock your deposit for 365 days or more. Check out Shahaf Bar-Geffen’s thread to see the full results: https://twitter.com/shahafbg/status/1765737410027999285
gCOTI as Treasury Rewards
As of February 21, Treasury participants started receiving gCOTI rewards in addition to the standard $COTI rewards. Unlike $COTI rewards that are actively required to be claimed, accumulated gCOTI rewards are distributed directly to users’ wallets on a weekly basis.
Djed
For all our new community members unfamiliar with it, DJED is an overcollateralized stablecoin on Cardano that uses ADA as collateral to ensure stability. The protocol is backed by 400–800% overcollateralization, provided by its reserve coin, SHEN. In the past few days, Djed’s protocol ratio has exceeded over 800%, making it impossible to mint more SHEN until the ratio returns to 400–800%. SHEN holders enjoy a variety of rewards including a share of both mint and burn fees, delegation rewards, as well as DEXs APRs. SHEN delegation rewards were distributed up to epoch 467, with over 485K ADA distributed to SHEN holders thus far.
COTI in the Spotlight
Last Monday, Shahaf Bar-Geffen and Dr. Avishai Yanai engaged in an interesting conversation on X Spaces, attracting almost 8K listeners until today! They discussed how garbled circuits work and shared some interesting overview on garbled circuits’s use cases such as DID, confidential transactions, and confidential machine learning. If you haven’t listened yet, tune in here- https://x.com/i/spaces/1mrGmyWazkgGy
We’ve been also seeing mentions of COTI all around the web, and here are some of the highlights:
https://twitter.com/Crypto_Dep/status/1755575905219469640/photo/1
https://twitter.com/lunarcrush/status/1755720181677183373?s=52
COTI Unveils New Blockchain Encryption Paradigm With Garbled Circuits - The Defiant
COTI Announces Upcoming ETH L2 Developer Network and Key Target Use Cases For its $100M Worth Growth Fund - Decrypt
COTI’s Community is growing!
We’ve been seeing a lot of new community members joining the ecosystem, with thousands of new followers and members entering our channels. This is a great opportunity to welcome all of you. Glad you’ve joined our journey, thanks for supporting us!
Stay tuned for more updates.
Stay COTI!
For all of our updates and to join the conversation, be sure to check out our channels:
Website: https://coti.io/
X: https://twitter.com/COTInetwork
YouTube: https://www.youtube.com/channel/UCl-2YzhaPnouvBtotKuM4DA
Telegram: https://t.me/COTInetwork
Discord: https://discord.gg/9tq6CP6XrT
GitHub: https://github.com/coti-io
COTI Roundup was originally published in COTI on Medium, where people are continuing the conversation by highlighting and responding to this story.
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