COTI COTIPrice $ 0.0782

COTI, an acronym for “currency of the internet” is a blockchain-based Directed Acyclic Graph (DAG). It aims to provide a platform and payments service that addresses the current issues faced in the mass adoption of blockchain.

The platform allows businesses and developers to create unique customized payment solutions and digitalize major currencies. It provides merchant-facing tools that bypass intermediaries with low costs, instant and simple payments, and simple processes.

COTI is the native cryptocurrency of the platform, it is available as an ERC20 or BEP2 standard token and also operates on the Trustchain network. COTI tokens can be converted between chains by using the COTI bridge. The COTI native token is used for transaction fees and other payments on the platform.

What are COTI’s key features and how does it work?

The first key feature of the COTI network is the COTI bridge. This bridge provides interoperability between all mainnets, and allows COTI tokens to be converted from different chains.

Also, COTI has an innovative infrastructure centered around what it calls the Trustchain. The Trustchain is a proprietary consensus algorithm that is based on machine learning. Some of its advantages include lower transaction costs and increased processing speed achieved with a unique trust scores system applied to transactions.

The Trustchain operates interlinked with a multi-DAG data structure. DAGs are a type of distributed ledger technology that works in a similar way to blockchains, however, transactions are linked to each other directly. Rather than in a linear fashion to every previous block of transactions. The two mechanisms work together to increase scalability and can process over 100,000 transactions per second. 

In particular, COTI’s “MultiDAG” system allows for more than one DAG to operate and thus serve specific purposes, which could include stablecoins, company-specific tokens, amongst other use cases.

In this manner, the Proof-of-Trust (PoT) consensus algorithm is used on the platform. It is a combination of the Trustchain Algorithm and Proof-of-Work. PoT does not use a mining process, instead, it relies on a “Trust Score” assigned to network participants. The use of DAG allows more scalability with lower fees, higher levels of security and minimal network congestion.

What is noteworthy about COTI?

A notable feature of COTI, is COTI Pay. It is a payments service that can be used to process both crypto and fiat payments, online and offline. COTI Pay can also process credit card payments and merchant-specific coins.

Where can you buy COTI?

COTI is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Binance, Huobi Global, and CoinBase Pro.

The price of COTI will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for COTI market price, please view the price charts on this page.