COTI is addressing the challenges of both centralized and decentralized finance (CeFi and DeFi) by introducing a new type of DAG-based protocol and infrastructure that is low-cost, fast, scalable, private, and inclusive. It aims to revolutionize traditional finance by eliminating the intermediaries and empowering organizations to build their own payment solutions and digital currencies or stablecoins on top of the Trustchain protocol.ĬOTI is a layer-1 fintech blockchain ecosystem specifically designed for payments. The COTI MultiDAG 2.0 will allow developers, merchants, and enterprises to issue tokens that inherit Trustchain abilities, such as scalability, high throughput, low cost, and easy-to-use payment tools like COTI Pay Business.ĬOTI is a blockchain ecosystem that facilitates fast and secure transactions with low fees. You can also use COTI and other cryptocurrencies to pay for goods and services with the COTI Visa debit card. COTI is used for paying transaction fees and can be staked to earn rewards in the Treasury. Its native token COTI is a cryptocurrency that operates on three different mainnets. PoT can lower transaction costs and increase throughput to up to 100,000 TPS. It adopts a unique consensus algorithm called Proof of Trust (PoT), which combines directed acyclic graph (DAG) data structure with PoW. Unlike traditional blockchains, COTI doesn’t rely on Proof of Work (PoW) or Proof of Stake (PoS) to validate transactions. The development team has been working tirelessly to ensure to build a strong platform for Decentralized Finance.COTI is a layer-1 blockchain ecosystem designed for payments. The Currency of The Internet, COTI is one unique solution with many use cases which have not yet been discovered. #COTI #DAG #cryptocurrency technology has always been a saviour in financial technology, it has revealed different innovative ways to solve the same problem. “$COTI price surge a few days ago is a testimony to the truth raised about #altseason: It will only favour the hard work of teams and reveal which teams have nothing to show as progress. Blockchain Technology, DeFis, and the AltseasonĪyobami Abiola, a crypto enthusiast and writer at The Currency Analytics, stated in a tweet: It is currently standing at rank 25 as a low cap Defi with huge potential. The coin was designed specifically to be a decentralized finance technology which is scalable and secure using MultiDAG technology. To cap it all, COTI was added on Coinmarketcap as a DeFi project on the 21st of July- a stride in the right direction for COTI developers and community members. The exchange-based staking allows members of the community to stake as low as 1000 COTI coins for a limited hard cap for a stated period of time to enjoy rewards. July 23rd, COTI announced the addition of a third exchange based staking- Pool-X with Kucoin. COTI badged listing with WazirX, the largest Indian crypto exchange on the 20th of July, Simplex added support for the coin to be bought with fiat a day later. Recent Platform Updates from COTIĪside from this, the team behind the project has been working behind the scenes and pushing updates every now and then. The staking model will surely reduce the number of tokens in circulation thus making increasing the worth of the coin. Community members can stake as low as 15000 COTI to enjoy rewards on a frequent basis. The COTI staking program has, in its design, included the ability for every interested community member to join in the security of the blockchain through delegated staking. “I’m really looking forward to supporting the network by running a node and to help increase the scalability and security of the COTI DAG.” The operator of the new community node, Lars, is a known personality to COTI from the test net days giving feedback to the team on almost all phases. This is the Lars Node which will make the sixth community node launched on the blockchain making the staking volume 50million COTI. The Currency of The Internet- COTI blockchain, July 27th, announced the addition of a new community staking node which will commence operation on August 1st, 2020.
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