COTI Roundup — October Highlights
October was a whirlwind month for COTI! Our testnet activity has grown by 500%, we’ve attended Cosmoverse, presented our solution for the Bank of Israel’s Digital Shekel Challenge at the Tel Aviv Stock Exchange, revealed more on our partnerships with top tier companies like MyEtherWallet and Hacken, and more! Here’s a recap of the major news, updates, and technical advancements from the past month.
COTI Team Presents its CBDC Use Case to the Bank of Israel
COTI had the opportunity to pitch its CBDC-powered decentralized marketplace for RWA’s to the Bank of Israel in the finale of the Digital Shekel Challenge this month. COTI’s solution facilitated cross-border transactions using the digital shekel, reducing fees and the risk of fraud. You can watch the demo video here.
COTI advocated for privacy-by-design by deploying advanced garbled circuits encryption for secure, efficient and compliant transactions. We were thrilled to feature as the only blockchain finalist and to share the stage with top tier companies like PayPal and Fireblocks. The COTI team will now turn their attention to solving further privacy concerns for CBDCs. Read the full story here.
Testnet Activity Up 500%
We are pleased to report that our October testnet metrics showed a 500% increase in activity, affirming developers’ commitment to building secure, privacy-first applications on COTI. Smart contract deployments also rose, with a 15% increase in devnet activity and a 20% increase in testnet activity, indicating growing confidence in COTI’s infrastructure.
Python SDK downloads have surged by 159%, showing multi-language interest and enhanced SDK capabilities, including encrypted string operations and the new coti-ethers package for browsers should help propel this growth further. These metrics validate COTI’s network scalability and provide valuable insights as we prepare for mainnet. Read the full story here.
COTI Goes Big at Devcon
This month, we announced our involvement in Devcon on 12th — 15th Nov.We are going big this year as sponsors and hosts of the Shielding Summit in collaboration with Privacy Guardians and the DECC Alliance. Join us there. COTI’s CEO, Shahaf Bar-Geffen, will also be speaking at the Hack Seasons Conference on a panel titled, “Driving Mass Adoption with Enhanced Privacy”. Sign up to attend here.
COTI SDK Upgrades
This month, we announced COTI’s upgrade to coti-ethers 1.0.1b, which enables encrypted strings for securely handling sensitive data such as passwords and personal information. Further updates to our SDK allow developers to perform private computations and comparisons directly within familiar tools, making privacy features easier to adopt in Web3 applications. This update supports multi-platform deployment, streamlines onboarding, and minimizes workflow changes, reducing barriers to implementing data privacy in decentralized applications.
Key Points:
New coti-ethers package (1.0.1b) brings seamless privacy features to browser interactions
New SDK upgrade enables secure handling of encrypted strings for sensitive data.
Developers can perform private computations, comparisons, and search operations.
The update maintains compatibility, simplifying privacy feature adoption in Web3.
You can read more about the upgrade here or listen back to the latest Developer Session for a technical deep dive (coming soon to Youtube).
Key Partnerships Enhance COTI’s Privacy and Security Ecosystem
This month we were able to reveal more about our partnerships with MyEtherWallet, Hacken, Gitcoin and CarbonBrowser.
MyEtherWallet: The collaboration with top wallet provider MyEtherWallet will see COTI’s advanced privacy features, powered by Garbled Circuits, integrated into MEW and Enkrypt wallets to enhance privacy for their 3M+ users. The collaboration reflects a shared commitment to decentralization and self-sovereignty and seeks to set new standards for UI/UX in Web3 privacy.
Hacken: COTI’s collaboration with major security infrastructure providers Hacken will provide developers on the COTI builders program access to Hacken’s expertise in auditing, monitoring, and compliance, with exclusive discounts on selected products.
Gitcoin: COTI will leverage Gitcoin’s renowned grants management platform, and ready audience of builders, to accelerate development of privacy solutions for the benefit of the wider web3 ecosystem, delivering $500K worth of grants to builders on COTI network.
Carbon Browser: Carbon Browser is a lightweight, ad-free, and privacy-focused web browser that boasts over 1M users. Carbon and COTI are partnered to integrate the COTI privacy layer within Carbon’s native wallet, opening up programmable privacy features to its 1 million monthly active users.
COTI in the Spotlight
It’s been another strong month for COTI in the crypto press. Several publications have highlighted COTI’s participation in the Digital Shekel Challenge for the Bank of Israel, with mentions from Binance, Blockster, and The Crypto Daily, among others. The crypto press also covered the news of our Gitcoin grants, with features in Binance, The Blockchain Reporter, and more.
Earlier in the month, The Street covered COTI in an article on scalability and Layer 2 solutions, noting that ‘COTI’s technology aims to deliver secure, affordable MPC…the new EVM-compatible Layer 2 network will potentially make affordable privacy solutions for Web3 a fact'.
In addition Tech Briefly highlighted COTI’s capabilities to “…enable DEX platforms to keep their transaction history private and encrypt transaction data to minimize slippage and losses from MEV attacks”. In other news, our partners PriveX, the first privacy focused, intent-based DEX, shared more about their plans to integrate COTI this month. You can read the update here.
Speaking Opportunities
COTI’s Chief of Ecosystem and Partnerships (CEPO), Joshua Maddox, attended Cosmoverse and appeared in a panel discussion. Earlier this month COTI’s CEO, Shahaf Bar-Geffen, joined the Crypto Town Hall Spaces hosted by Mario Nawfal, Ran Neuner and Scott Melker. The sessions aren’t recorded but COTI community member Whoistracer clipped some segments, which you can view here. More recently, CEPO, Joshua Maddox, featured on Web3 Global Talks spaces.
This month we delivered the fourth COTI Connect Spaces session with guest host Ivan Zhelev of Blockster featuring guests from MEW and Hacken. Listen back here.
Exploring a Decentralized Web
Our guest writer, Guy B., has launched a three-part series exploring the concept of the decentralized web and the role that privacy may play. The series covers the evolution of the internet, then explores a future vision for the web, discussing a potential path back to decentralization through blockchain and on-chain privacy. It’s well worth a read:
Part 1: The Story So Far
Part 2: The Crossroads
Part 3: Navigating the Path to Privacy
What’s Next?
Clear your calendars — the next couple of months at COTI are going to be epic! We’re hosting COTI Devcon with a major technical reveal, announcing new partnerships, and gearing up for Mainnet with a packed schedule. Additionally, we are launching a new podcast series called Privacy Matters: Conversations with Web3 Privacy Pioneers and we think you’ll love the caliber of guests, so stay tuned to COTI channels!
Don’t forget to join us at our next COTI Connect Spaces, and stop by our community channels for the latest updates and commentary.
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
