What is COTI?
The COTI project focuses on payments and creating a decentralised finance platform. Thanks to its lean blockchain and Proof-of-Stake, COTI can potentially support 100,000 transactions per second: numbers that allow it to compete with the most popular centralised circuits. COTI’s goal is to provide companies with the tools to build their payment solutions and digitise each currency. In fact, Coti can also be used to create stablecoins.
Why follow COTI ?
The team describes the COTI blockchain as a fintech platform that can optimise payment execution. The aim is to combine users’ needs with those of governments and companies. However, it considers the blockchain too complex and unstable to be widespread, despite being safe and convenient. So it created Trustchain, a multi-DAG (Directed Acyclic Graph) structure that adds the scalability of centralised systems to the advantages of blockchain.
How was it created?
The idea for COTI came about in 2017 with the launch of the COTI Pay app. Shortly thereafter, the COTI Group was founded, and on 1 January 2020, staking was introduced on the network. Today, COTI can count on important partners in both the crypto world (Cardano) and the finance world. The company’s CEO is Shahaf Bar-Geffen, founder of COTI together with entrepreneur David Assaraf.
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