COTI is an enterprise-grade fintech platform that allows organizations to build custom payment solutions and digitize any currency to save time and money. The COTI project aims to create a next-generation system that would launch a trend of turning cryptocurrency into a payment method suitable for everyday use.
This COTI chart shows the dynamics of the currency’s rate fluctuation against the dollar. The initial issue of COTI was 2 billion tokens.
COTI cryptocurrency may well become the “Currency of the Internet” that the world has been waiting for. It can significantly reduce transaction times as well as lower costs for all parties involved. COTI combines the best aspects of a traditional payment system with the benefits of cryptocurrencies.
Users can choose from a variety of safe COTI web wallets. For instance, they can store COTI tokens in an official COTI wallet. Besides this, digital wallets that support the ERC-20 Ethereum standard, such as MyEtherWallet and MetaMask, are also suitable. COTI users can also choose hardware wallets like Ledger and Trezor.
COTI (short for "Currency of the Internet") is designed to be used as a blockchain protocol optimized for decentralized payments. It is intended to be used by merchants, governments, payment applications, and stablecoin issuers.
COTI uses a directed acyclic graph (DAG) register to address the shortcomings of most blockchain platforms that currently seem unsuitable for the widespread and day-to-day transaction needs. It promises to provide extreme scalability while processing tens of thousands of transactions per second and offers price stabilization mechanisms at a low cost.
The company is planning to achieve its goals by creating a multi-layered ecosystem made up of five layers. COTI apps like COTI Pay and COTI-X are at the top tier, followed by COTI tokens and services like arbitrage, KYC, balances, and transactions. Server implementations, DAG, Trust Score, and Trust Chain Consensus systems are at the lower levels of this hierarchy.
For many private users and businesses worldwide, COTI is what was missing in the crypto market.
Although the COTI project is still relatively new, it has a strong strategy for development. The cryptocurrency’s prospects seem promising, but what is it COTI can offer in 2020? Here are some features available for COTI tokens’ users already:
The project has been thoroughly worked out and enjoys good investor support, but it is still at an early stage of development. The project has many competitors, but so far, none of them has presented the world with a comprehensive and convenient solution in every sense. Stay informed, so you don’t miss a thing about cryptocurrency trading. Read recent COTI live news in our blog!
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