About COTI (COTI)
COTI is a fintech company responsible for creating the base-layer protocol, Trustchain, designed to address technical challenges that limit the mass adoption of existing cryptocurrencies as a form of payment. $COTI powers the Trustchain network. The current price of $COTI can be live-tracked on Binance.
COTI (meaning Currency of the Internet) was founded in 2017. It directs its attention to creating a scalable and decentralized payment network for global commerce by combining infrastructure, service, and application layers. Its ecosystem also includes consumer wallets, tools for merchant processing, and exchange services for virtual currencies.
The Trustchain network's native cryptocurrency, COTI, runs on three separate blockchains - Trustchain, Ethereum, and BNB Chain. COTI is used to pay transaction fees on the network and can be staked for rewards.
COTI's Cross-chain bridge integrates virtually all existing blockchains, providing value-added support for proprietary logging features, such as scalability, stacking, manageability, etc. As a result, COTI Cross Chain Bridge connects its core network to other core networks.
Instead of using Proof-of-Work (PoW) or Proof-of-Stake (PoS) consensus mechanisms like most major blockchains, the COTI blockchain utilizes a Proof-of-Trust (PoT) mechanism based on the combination of what's called directed acyclic graph (DAG) data structure and PoW. The high throughput of a DAG-based network is based on synchronous, asynchronous transaction checking, meaning that each committed transaction must contain commits from both previous transactions, allowing for reported lower transaction costs and up to 100,000 transactions per second.
COTI has recently introduced gCOTI, their Treasury governance token, which is the first CMD token to be created, produced, and launched on top of COTI's MultiDAG 2.0.