What is COTI?

COTI is an enterprise-grade fintech platform with cross-chain interoperability and built on its own DAG-based chain, allowing businesses to build their own payment network and stable currency.

COTI offers powerful functionality like Paypal / AliPay while allowing businesses to create their own unique rules and ultimately own their payment system, saving you time, data, and money. COTI’s platform allows companies to easily create innovative fintech products – from payment networks to stablecoins, open loyalty programs, and more.

What is COTI token?

COTI is the coin in the COTI ecosystem.

  • COTI Token is used to stake and run nodes.
  • It is also used to pay bonuses to nodes.
  • Used as a fee when businesses want stablecoin, loyalty programs.
  • Used as an incentive to users, merchants, and partners

Technology of COTI

The core of COTI’s infrastructure is Trustchain, a proprietary consensus algorithm based on machine learning. Trustchain is on a multi-DAG (directed cyclic graph) data structure, working in parallel to increase scalability, handling over 100,000 transactions per second (TPS). DAG is the most suitable infrastructure for payments due to its scalability and low transaction costs.

Consensus model

COTI has developed a new approach to reach consensus among trading parties operating on a DAG-based data structure. COTI provides a decentralized solution designed to enable secure and reliable payments. This solution is based on distributing the Cluster’s responsibilities to several types of nodes operated by the user. There are four types of nodes in the COTI network: a full node, a DSP node, a Trust node, and a History node. Stake / Masernode feature COTI introduces a high-performance cryptocurrency built on top of a base layer protocol. This cryptocurrency will be used as a popular means of payment, covering all fees and stakes inside the COTI ecosystem.

The main products

COTI Pay

COTI pay can process all types of payments, both online and offline, including cryptocurrencies and stablecoins, credit cards, and even a merchant’s native currency. It also has finance integrated with interest earned on deposits and business loans.

White label payment network

The traditional payment system costs consumers and merchants billions of dollars every year. Imagine a global payment network of freely traded users and merchants with your own payment method, digital wallets, coins, and more.

Stable coins

COTI is the first platform in the world optimized for creating stable coins. By issuing your own branded stablecoin, you’ll regain full control of your money and data.

Loyalty Networks

COTI has developed an end-to-end solution to build blockchain-based loyalty networks to increase profitability and retain customers. Users will be rewarded with loyalty tokens added to their wallets, while businesses can generate new revenue streams.

Remittance Technology

COTI has developed a revolutionary remittance solution for the cross-border payments industry to make it safer, more efficient, and low-cost.

Features of COTI

Scalability

COTI can handle more than 100,000 TPS, compared with 25,000 TPS in the payment communication system and up to 20 TPS in common protocol blockchain.

Simplicity

COTI’s user and merchant tools are circuit-linked and extremely easy to use.

Buyer-seller protection

COTI provides the first dispute resolution system to protect users from errors, fraud, and application tasks.

Cost-effectiveness

COTI cuts security time and eliminates the need for less mining, significantly reducing costs and energy consumption.

Price stability

COTI is creating price stabilization technology, necessary for the adoption of blockchain for payments. Instantaneity COTI’s technology makes transactions, P2P payments, and remittances instantaneous, rather than hours or days to complete.

Security

COTI distributed artbook eliminates a single point of error for enhanced security.

Team

Conclusion

COTI’s goal is to build a source of finance on the blockchain ecosystem, to meet the challenges of traditional finance, such as high fees, latency, and a lack of global inclusion. To achieve this, COTI introduces a kind of graph-in-direction (DAG D) blockchain-based infrastructure, with a Proof of Trust consensus algorithm.

You can check COTI price here.

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