- COTI’s Mainnet 2.0 is scheduled to launch on November 2, 2021
- COTI’s node operators have already been successfully moved to the Testnet
What Makes COTI Unique?
Currency of The Internet, or $COTI for short, aims to create a decentralized and scalable payment network to facilitate efficient global trade. COTI intends to create a decentralized, high-reliability, cost-effective payment method by combining distributed general ledger technology and traditional payment methods. This network is designed to develop a decentralized payment network that provides users with the benefits of both conventional and digital currencies payment systems.
Like many other digital currency projects, COTI has been developed to provide a platform for users’ daily payments. In addition to improving performance in scalability, decentralization, security, and cost reduction, COTI includes everything a person needs to enter the crypto market, using an extra layer of protection, offering a wallet and a local exchange.
What is included in Mainnet 2.0?
Mainnet 2.0 significantly improves performance by enabling new scalability and speed possibilities and optimizing COTI’s systems to accommodate its tremendous expansion. OTI’s Trustchain serves as the foundation for our systems and products. The Trustchain is built on a multi-DAG (directed acyclic graph) data structure that works cooperatively to increase scalability while processing over 100,000 transactions per second (TPS).
Since June 2019, COTI’s infrastructure, based on DAG, has been active on Mainnet and has handled millions of international transactions. For over a year, the founders have been working on COTI’s Mainnet 2.0, spending thousands of person-hours to enable new scalability and speed capabilities, as well as optimizing COTI’s systems to accommodate its tremendous expansion. COTI’s Mainnet 2.0 significantly improves performance, beginning with fundamentals such as database performance increases and on to speedier transaction confirmations.
With the launch of Mainnet 2.0, COTI’s network will be able to expand even further, offering a diverse variety of financial technologies and use cases for enterprises and merchants, as well as COTI consumers. This comprises the COTI Treasury, the stable coin factory, enterprise, and merchant services, Treasury services, the ecosystem, partnerships, and the Trustchain and network backbone.
What to expect
COTI’s node operators have already been successfully moved to the new version on Testnet to ensure a smooth transition. All the enhancements mentioned above and fixes will allow the COTI ecosystem‘s users and merchants to enjoy a better, faster, and more reliable digital platform for any of COTI’s financial ecosystem services without having to do any action.
The benefits of this network are so attractive and practical due to people’s increasing use of the internet that it seems that it can be used as a legal payment service in the future. Given that this project is a combination of conventional and modern payment methods, it is likely that a significant share of future transactions in the online space will be done using this system.
The COTI development team strives to attract people’s attention by providing a secure and reliable infrastructure and replacing conventional payment systems such as PayPal in the future.