Buy COTI

What is COTI?

COTI, which stands for "Currency of the Internet," is a fintech platform designed for scalability and speed, built to enable seamless cross-chain operations and support for decentralised payments. It leverages a directed acyclic graph (DAG) structure and a unique Proof of Trust consensus algorithm to facilitate these processes.

How does COTI work?

COTI operates on a sophisticated architecture that incorporates:

• DAG Infrastructure: Utilises DAG to provide high transaction throughput and scalability, allowing over 100,000 transactions per second.
• Proof of Trust: A novel consensus combining Trustchain (a machine-learning-based algorithm assessing network trustworthiness) and Proof of Work features without traditional mining, providing a more efficient system.
• MultiDAG: Supports multiple DAGs for enhanced flexibility and different payment solutions.
• Trustchain: Utilises a trust score system to manage transaction integrity and node operations.

What are the potential use cases for COTI?

COTI has various applications, including:

• Payment Networks: Ideal for creating decentralised payment ecosystems and branded stablecoins.
• Real Asset Management: Tokenisation and trade of real-world assets.
• Decentralised Exchanges (DEXs): Providing privacy and reducing risks from transaction adversities.
• AI, Gaming, and Social Media: Enhancing privacy and scalability in these domains.

What is the history of COTI?

COTI was founded in 2016 by Samuel Falkon and David Assaraf, with Shahaf Bar-Geffen later joining as CEO. The project initially began with a focus on Ethereum blockchain scalability but soon evolved into developing its own DAG-based system. Notably, the Trustchain protocol launched in 2018, followed by the Testnet in 2019, and a successful Initial Exchange Offering the same year. COTI continues to innovate with plans like the COTI Bridge for cross-chain interoperability and the upcoming privacy-centric COTI V2 on Ethereum's Layer-2.