COTI leader for web3Look at that volume of COTI and some information here about it
COTI has designed a new block-less and miner-less blockchain. It solves the scalability issue of cryptocurencies and makes bitcoin look archaeic. COTI is a new block-less blockchain that removes miners. It is labelled ‘PayPal for the crypto world'.
COTI has architected a new blockchain based on a DAG (Directed Acyclic Graph) protocol. DAG are block-less blockchains where there are no miners or blocks. Graphs are acyclic in nature and flow in a specific direction, which means that transactions cannot be duplicated and can confirm themselves automatically based on previous transactions. Therefore, there are no miners to spend time and charge fees to code to confirm transactions, allowing for virtually real-time and low-cost crediting of funds to the other party’s wallet.
Stability and Low Volatility: COTI aims for a stable value, which can be attractive to those concerned about fluctuations in the value of traditional cryptocurrencies like Bitcoin.
Scalability: COTI utilizes its proprietary technology called Trustchain, which enables fast and efficient transaction processing even at high volumes.
Low Transaction Fees: The COTI platform aims to reduce transaction fees compared to other cryptocurrencies and payment systems.
Security: COTI uses a combination of protocols to ensure secure and authentic transactions. It also includes elements to protect against fraud and attacks.
Decentralization: While COTI strives for stability, it still maintains some decentralization features that set it apart from traditional payment systems.
Fast Transactions: Thanks to zk-Rollups technology and optimizations within the platform, COTI can process transactions faster than some other cryptocurrencies.
Flexible Payment Solutions: COTI offers the ability to create various payment methods and solutions, allowing businesses and developers to build their own payment applications.
Smart Contract Support: COTI plans to implement smart contracts, opening the door to creating sophisticated payment scenarios and applications.
Innovative Technology: Trustchain, a technology developed by COTI, serves as the foundation for the platform and provides an innovative approach to solving transaction system issues.
Partnership Projects and Collaborations: COTI collaborates with various partners, which can bring new opportunities for utilizing the platform and developing new applications.
