COTI Research Hub | COTI information, history and analysis
COTI, also known as ‘Coin of the Internet’ is a decentralized payment protocol built on its DAG-based chain that allows for cross-chain interoperability.
COTI’s goal is to become a fintech platform that enables organizations and businesses to create their own payment solutions and tokenize any currency to save time and money. This global payment system was specially designed to overcome all the challenges associated with traditional finance and solve the problems that most blockchain technology is facing, such as high transaction costs, slow transaction processing speed, and limited expansion capability.
Coti token (COTI) is a COTI network utility. It serves the following functions:
- Used as a reward for node operators inside the network.
- Used as a reward to incentivize new users to join using COTI Wallet.
COTI shows positive Movement towards breakout: COTI has demonstrated a significant recovery from critical support levels, with a potential breakout anticipated as it nears a fragile descending trendline. Analysts indicate that a successful breakout may quickly elevate its price to a target of 0.50 USD.
Monitoring technical indicators is essential: Traders are focusing on technical indicators such as trendlines and volume patterns, which heighten the likelihood of an upward trend for COTI. While the outlook remains positive, market fluctuations could still influence its price.
COTI integrates Multi-Party Computation Protocol into Ethereum-based layer-2 network
COTI’s privacy-focused Ethereum L2 development reached a critical milestone by successfully integrating its Multi-Party Computation (MPC) protocol.
MPC is a powerful cryptographic tool that allows several parties to work together on a computation using their private data without revealing that data to each other.
COTI partners with Cogito Protocol to add Djed to its treasury reserve
Coti announced another Djed partnership, this time with Cogito Protocol, a spin-off from SingularityNET, a multichain, decentralized AI platform. Cogito offers a framework for creating tracercoins, which are new classes of digital assets including a non-fiat pegged stablecoin.
Cogito will explore the option to create stablecoin trading pairs between DJED and Cogito’s tracercoins, and to include DJED to its treasury reserve, among other assets, in order to maintain the stability of Cogito’s stablecoins.
Hard Fork: MultiDAG 2.0 to arrive on COTI’s mainnet
COTI Network has announced that the protocol will undergo a hard fork, during which they will deploy MultiDAG 2.0 – the long-awaited update that will see the protocol transition to a multi-token layer.
The mainnet deployment is expected to happen in about a month later.
COTI partners with Kirkstone to offer Djed to their users
COTI announced a partnership with Kirkstone, a real estate company that utilizes blockchain technology to discount renters and lower the barriers to property investment, to add Djed, Cardano’s overcollateralized algorithmic stablecoin, as a stable form of payment.
By integrating Djed into their platform, Kirkstone’s users can use Djed and avoid the market’s volatility until the day they will need to pay rent.
COTI announced a new partnership with GeroWallet
COTI, a decentralized payment protocol announced a new partnership with GeroWallet, a cryptocurrency wallet extension for accessing Cardano-powered dApps in users’ browser.
Along with Gerowallet, COTI is exploring ways to allow their users to interact with dApps, borrow and lend against Djed and make payments with Djed, an algorithmic stablecoin built on Cardano and issued by COTI.
Aada Finance integrates the Djed stablecoin, issued by COTI
COTI, a fintech platform that enables organizations and businesses to create their own payment solutions, announced a new partnership with lending platform Aada Finance to integrate Djed, an algorithmic stablecoin built on Cardano and issued by COTI. Djed is expected to be released later this year.