- Companies can create their own payment gateway.
- On COTI, users can do 100000 transactions per second.
COTI coin is a low-cost and secure payment solution listed on many exchanges. Currently, there are 2 billion COTI coins in circulation, and they can be exchanged for other cryptocurrencies.
COTI token was first launched in May 2019, out of which 10% was given to the advisers and 15% to the team members as a reward for early involvement in the company, and 45% remains with the company as liquidity reserve and for incentives.
COTI is a layer-1 blockchain ecosystem used for making payments, and it stands for ‘currency of the internet.’ It operates on the Proof-of-Trust (PoT) consensus mechanism, which combines a directed acyclic graph (DAG) data structure with Proof-of-Work (PoW). PoT enables reduced transaction costs and increased throughput of up to 100,000 TPS.
It facilitates fast and secure transactions with low fees. It eliminates the intermediaries and allows companies to develop their payment solution, digital currency, and stablecoin on top of the Trustchain protocol.
Many blockchains, such as Bitcoin (BTC) and Ethereum (ETH), face scalability issues. For example, Bitcoin can only handle 20 transactions per second, while Visa can handle 65,000 transactions per second.
It offers a variety of digital payment solutions to its users, like COTI Pay, stablecoin, payment networks, etc., to save time, data, and money for its users.COTI coins can be used to make payments or staking in the ecosystem.to use COTI network infrastructure, the user has to stake some COTI or deposit a network fee. In the future, the company is trying to build community governance, allowing token holders to vote in community decisions.
COTI was founded in March 2017 by Shahaf-Bar-Geffen, who currently serves as the CEO. In addition, the company is registered in Gibraltar, and there are 2 billion COTI tokens in circulation. Total 2 billion COTI tokens are in circulation currently. COTI is a secure network that utilizes the DAG protocol and Trustchain algorithm. In addition to the infrastructure layer, there is also a service layer known as COTI X. COTI employs a hash table as its data structure, based on chaining, which enhances the blockchain’s computing and consumer privacy protection.
COTI provides numerous security measures for data integrity and confidentiality. Communication on COTI ensures utmost confidentiality by requiring a wallet seed for seamless communication with others. Before establishing a connection with the node manager, users need to share their credentials with the wallet and then complete a 2FA login.
MultiDAG layer
The multiDAG layer in COTI enables instantaneous and nearly unlimited transactions per second. This layer organizes data into multiple data structure graphs, allowing different data types, such as data with dependencies, levels of granularity, and versions, to be independently updated and queried easily.
The DAG structure ensures each transaction has its unique path, eliminating the need for blocks and enabling instant transactions.
